RENDER funding rate on Phoenix
Over the last 7.2 days, RENDER funding on Phoenix averaged -24.1% APR and stayed positive 5.6% of the time, ranging from -47.3% to +152.0%. Right now it pays shorts pay longs at -29.9% APR, settled every 1h across 6 venues we track. The most reliable delta-neutral pairing for RENDER right now is long Phoenix / short Kraken at +71.8% net APR (low risk, ~1.2d to break even).
RENDER funding history on Phoenixlast 7d
- Backtested (30d)
- +37.5%
- Stability
- 93%
- Risk
- low
- Breakeven
- ~1.2d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How RENDER funding compares across venues
| Exchange | Funding APR |
|---|---|
| Kraken | +57.22% |
| Aster | +10.95% |
| Hyperliquid | +9.74% |
| dYdX | -0.42% |
| Phoenix | -29.90% |
| Variational | -32.68% |
Frequently asked
What is the current RENDER funding rate on Phoenix?
RENDER on Phoenix is funding at -29.90% APR (-0.0034% every 1h), paid shorts pay longs, as of 2026-07-24 19:40 UTC.
How often does Phoenix pay funding on RENDER?
Every 1 hour.
How do I earn RENDER funding without price risk?
Open a delta-neutral position: long Phoenix and short Kraken, currently 71.8% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.