RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0904%/8h= +99.0% APRnext payment +$1.13 per $10,000 · paid last 24h +0.167%

Price spread now: GMX against Deribit−0.027%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 0.027% cheaper against Deribit than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit RENDER_USDC-PERPETUAL	1.8408	0	get 0.0000% / 1h	57m 01s	$10K	$30K	25x
Short	GMX RENDER/USD [ETH-USDC]	1.8403	L +0.0361% / S −0.0904%	get 0.0113% / 1h	57m 01s	$15K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $189.8
Price spread: −0.027% → 0.000%: −$2.74
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $168.05
Costs to cover: 0.190%
Break-even: 0.8 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Deribit and 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	−0.0576%	1h	1.8400	−0.043%	$6K	$165K	12x	as long as short
Variational Omni RENDER	−0.0369%	4h	1.8424	+0.088%	$222K	$296K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8398	−0.053%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUALlong	0.0000%	1h	1.8408	long leg	$10K	$30K	25x
Aster RENDERUSDT	+0.0100%	4h	1.8420	+0.065%	$263K	$184K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8438	+0.163%	$12.2M	$48.7M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8420	+0.065%	$12.0M	$14.2M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8430	+0.120%	$3.1M	$8.6M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8399	−0.049%	$535K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8400	−0.043%	$11.6M	$10.2M	200x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RENDERUSDTM	+0.0100%	4h	1.8400	−0.043%	$5.0M	$12.9M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8410	+0.011%	$9.9M	$10.4M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8400	−0.043%	—	$4.4M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8456	+0.261%	$43K	$267K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8400	−0.043%	$1.8M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8406	−0.009%	$31K	$178K	10x	as long as short
Phoenix RENDER	+0.0173%	1h	1.8377	−0.168%	$40K	$325K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8400	−0.043%	$595K	$1.4M	90x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0352%	1h	1.8670	+1.423%	$154K	$69K	50x	as long as short
GMX RENDER/USD [ETH-USDC]short	L +0.0361% / S −0.0904%	1h	1.8403	−0.027%	$15K	—	100x
Kraken Futures PF_RENDERUSD	+0.0580%	1h	1.8433	+0.137%	$468K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.0759%	1h	1.8441	+0.179%	$4.2M	$3.7M	5x	as long as short