RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0151%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.008%

Price spread now: Coinbase International against GMX−0.029%53s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Coinbase International

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. Coinbase International is 0.029% cheaper against GMX than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$5 a day). The two prices were read 53 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]	1.8065	L +0.0361% / S −0.0906%	pay 0.0045% / 1h	43m 25s	$15K	—	100x
Short	Coinbase International RENDER-PERP-INTX	1.8060	0.0512	get 0.0064% / 1h	43m 25s	$149K	$61K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.029%Rate

Funding earned: $31.77
Price spread: −0.029% → 0.000%: −$2.92
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $6.86
Costs to cover: 0.220%
Break-even: 5.5 days

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 59 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 Coinbase International live order book, 59 min ago	22.16 bp	56.9 bp −$57	doesn't fit	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	−0.0131%	1h	1.8070	+0.026%	$11K	$194K	12x	as long as short
dYdX RENDER-USD	+0.0013%	1h	1.8066	+0.006%	$18K	$22K	5x	as long as short
Deribit RENDER_USDC-PERPETUAL	+0.0082%	1h	1.8073	+0.043%	$18K	$37K	25x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8072	+0.037%	$11.7M	$46.2M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8070	+0.026%	$11.8M	$12.7M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8080	+0.082%	$3.1M	$8.2M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8058	−0.040%	$516K	$1.2M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8060	−0.029%	$11.0M	$11.7M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8080	+0.082%	$4.8M	$10.2M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8075	+0.054%	$9.8M	$10.7M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RENDER-USDT	+0.0100%	4h	1.8070	+0.026%	—	$5.1M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.8071	+0.034%	$256K	$314K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8064	−0.007%	$40K	$251K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8060	−0.029%	$1.8M	$3.9M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8065	−0.001%	$25K	$214K	10x	as long as short
Aster RENDERUSDT	+0.0162%	4h	1.8081	+0.085%	$277K	$189K	20x	as long as short
Phoenix RENDER	+0.0266%	1h	1.8075	+0.054%	$46K	$339K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8070	+0.026%	$604K	$1.2M	90x	as long as short
GMX RENDER/USD [ETH-USDC]long	L +0.0361% / S −0.0906%	1h	1.8065	long leg	$15K	—	100x
Hyperliquid RENDER	+0.0432%	1h	1.8096	+0.170%	$4.1M	$3.4M	5x	as long as short
Coinbase International RENDER-PERP-INTXshort	+0.0512%	1h	1.8060	−0.029%	$149K	$61K	50x
Kraken Futures PF_RENDERUSD	+0.0734%	1h	1.8072	+0.035%	$423K	$1.4M	50x	as long as short