Question 1

Which exchange has the highest RENDER funding rate right now?

Accepted Answer

dYdX shows the highest RENDER funding at +216.19% annualized. A high positive rate means shorts get paid, so this is the venue to short RENDER when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Question 2

Which exchange is best to long RENDER for funding?

Accepted Answer

Phoenix has the lowest RENDER funding at +0.23% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

Question 3

What is the best RENDER funding-arbitrage pair?

Accepted Answer

The widest spread is long Phoenix / short dYdX at about 216.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does RENDER funding settle?

Accepted Answer

RENDER funding settles on different schedules by venue (1h, 4h, 8h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Question 5

Is RENDER funding positive or negative?

Accepted Answer

RENDER funding is currently positive across venues (longs pay shorts), ranging +0.23% to +216.19% APR.

Question 6

What is the current RENDER perpetual swap funding rate?

Accepted Answer

The current RENDER perpetual swap funding rate ranges from +0.23% to +216.19% annualized depending on the exchange — Phoenix is lowest and dYdX is highest right now. There is no single RENDER funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

Question 7

What is the aggregated RENDER funding rate across exchanges?

Accepted Answer

Aggregated across the 28 venues ORBIT tracks, RENDER funding currently spans +0.23% to +216.19% APR, a spread of 216.0 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

Question 8

How do I read the RENDER 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle RENDER every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
dYdXBest Short	+216.19%	1h	$23K	$1.9172
Crypto.com	+132.83%	1h	$61K	$1.9176
BloFin	+37.26%	4h	$608K	$1.915
Bitunix	+21.92%	4h	—	$1.92
Toobit	+18.43%	4h	$1.7M	$1.92
Extended	+11.40%	1h	$15K	$1.919
Binance Futures	+10.96%	4h	$13.5M	$1.9206
Bybit	+10.96%	4h	$10.6M	$1.9156
OKX	+10.96%	4h	$3.0M	$1.917
Hyperliquid	+10.96%	1h	$1.7M	$1.9171
BingX	+10.96%	4h	$1.5M	$1.919
Bitget	+10.96%	4h	$10.3M	$1.921
Gate.io	+10.96%	4h	$342K	$1.9204
KuCoin	+10.96%	4h	$5.8M	$1.92
MEXC	+10.96%	4h	$12.7M	$1.919
Aster	+10.96%	4h	$283K	$1.9201
ApeX	+10.96%	1h	$39K	$1.921
Hotcoin	+10.96%	4h	$767K	$1.921
WEEX	+10.96%	4h	—	$1.92
Pionex	+10.96%	4h	$201K	$1.9186
CoinW	+10.96%	4h	—	$1.921
LBank	+10.96%	4h	—	$1.922
TxFlow	+10.96%	1h	$8K	$1.918
Phemex	+10.96%	8h	$1.7M	$1.918
dreamcash	+10.96%	1h	$1.7M	$1.9171
Ventuals	+10.96%	1h	$1.7M	$1.9171
Variational	+9.55%	4h	$325K	$1.9147
PhoenixBest Long	+0.23%	1h	$43K	$1.919

RENDER Perpetual Swap Funding Rate by Exchange

How RENDER funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

RENDER funding rates explained

Frequently asked questions