Funding you earn now, next payment 23:00 UTC−0.0263%/8h= −28.8% APRnext payment −$0.33 per $10,000 · paid last 24h −0.050%
Price spread now: ApeX Omni against GMX−0.161%68s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.161% cheaper against GMX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX RENDER/USD [ETH-USDC] | 1.8521 | L +0.0363% / S −0.0912% | pay 0.0045% / 1h | 0m 07s | $15K | — | 100x |
| Short | ApeX Omni RENDERUSDT | 1.8491 | 0.0100 | get 0.0013% / 1h | 0m 07s | $43K | $266K | 50x |
GMX RENDER/USD [ETH-USDC]
ApeX Omni RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$55.31
- Price spread: −0.161% → 0.000%
- −$16.14
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$93.45
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 17 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 17 min ago | 9.49 bp | 17.1 bp −$17 | 138.6 bp −$1,386 | doesn't fit | doesn't fit |
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 | 1.8500 | −0.113% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDER | −0.0200% | 4h | 1.8513 | −0.045% | $224K | $297K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8547 | +0.142% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8527 | +0.033% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8543 | +0.120% | $268K | $174K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8530 | +0.049% | $12.3M | $47.2M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8510 | −0.059% | $12.0M | $13.6M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8530 | +0.049% | $3.1M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8530 | +0.049% | $537K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8530 | +0.049% | $12.0M | $10.8M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8530 | +0.049% | $5.0M | $12.6M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8532 | +0.060% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8530 | +0.049% | — | $4.2M | — | as long as short |
| ApeX Omni RENDERUSDTshort | +0.0100% | 1h | 1.8491 | −0.161% | $43K | $266K | 50x | |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8520 | −0.005% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8526 | +0.028% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8517 | −0.021% | $47K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8570 | +0.265% | $590K | $1.2M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8440 | −0.437% | $152K | $65K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC]long | L +0.0363% / S −0.0912% | 1h | 1.8521 | long leg | $15K | — | 100x | |
| Kraken Futures PF_RENDERUSD | +0.0576% | 1h | 1.8552 | +0.168% | $481K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0893% | 1h | 1.8582 | +0.330% | $4.3M | $3.5M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER