RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0340%/8h= +37.2% APRnext payment +$0.42 per $10,000 · paid last 24h +0.106%

Price spread now: GMX against Coinbase International−0.854%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.854% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.854% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$85 on $10k: about 8.4 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International RENDER-PERP-INTX	1.8430	0.0616	pay 0.0077% / 1h	36m 16s	$153K	$58K	50x
Short	GMX RENDER/USD [ETH-USDC]	1.8273	L +0.0372% / S −0.0956%	get 0.0119% / 1h	36m 16s	$16K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.854%Rate

Funding earned: $71.36
Price spread: −0.854% → 0.000%: −$85.42
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$36.06
Costs to cover: 0.220%
Break-even: 10.5 days

Slippage unknown: Coinbase International: live order book, 17 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 17 min ago	8.10 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RENDER on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective RENDER/USDC PERP	−0.0572%	1h	1.8310	−0.651%	$12K	$194K	12x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8276	−0.836%	$13K	$33K	25x	as long as short
dYdX RENDER-USD	+0.0062%	1h	1.8287	−0.776%	$19K	$23K	5x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8306	−0.672%	$268K	$155K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8290	−0.760%	$11.9M	$47.1M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8270	−0.868%	$11.7M	$13.2M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8290	−0.760%	$3.1M	$8.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8282	−0.803%	$536K	$1.3M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8280	−0.814%	$12.3M	$11.2M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8300	−0.705%	$4.9M	$11.4M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RENDERUSDT	+0.0100%	4h	1.8287	−0.776%	$9.9M	$10.7M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8300	−0.705%	—	$3.4M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.8277	−0.831%	$260K	$313K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8259	−0.928%	$40K	$256K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8290	−0.760%	$1.8M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8272	−0.855%	$26K	$201K	10x	as long as short
Phoenix RENDER	+0.0303%	1h	1.8277	−0.830%	$47K	$326K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8280	−0.814%	$567K	$1.1M	90x	as long as short
GMX RENDER/USD [ETH-USDC]short	L +0.0372% / S −0.0956%	1h	1.8273	−0.854%	$16K	—	100x
Hyperliquid RENDER	+0.0568%	1h	1.8305	−0.678%	$4.1M	$3.3M	5x	as long as short
Coinbase International RENDER-PERP-INTXlong	+0.0616%	1h	1.8430	long leg	$153K	$58K	50x
Kraken Futures PF_RENDERUSD	+0.1047%	1h	1.8306	−0.674%	$496K	$1.2M	50x	as long as short