RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0361%/8h= −39.5% APRnext payment −$0.45 per $10,000 · paid last 24h −0.105%

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

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

Long on GMX Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.027% dearer against GMX than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX RENDER/USD [ETH-USDC]	1.8403	L +0.0361% / S −0.0904%	pay 0.0045% / 1h	56m 53s	$15K	—	100x
Short	Deribit RENDER_USDC-PERPETUAL	1.8408	0	get 0.0000% / 1h	56m 53s	$10K	$30K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$75.78
Price spread: +0.027% → 0.000%: $2.74
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$92.04
Costs to cover: 0.190%
Break-even: never at this rate

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

GMX and Deribit: 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	−0.016%	$6K	$165K	12x	as long as short
Variational Omni RENDER	−0.0369%	4h	1.8424	+0.115%	$222K	$296K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8398	−0.026%	$19K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUALshort	0.0000%	1h	1.8408	+0.027%	$10K	$30K	25x
Aster RENDERUSDT	+0.0100%	4h	1.8449	+0.252%	$264K	$184K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8462	+0.321%	$12.3M	$48.7M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8440	+0.201%	$12.0M	$14.2M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8460	+0.310%	$3.1M	$8.6M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8444	+0.223%	$537K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8450	+0.256%	$11.7M	$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	1.8430	+0.147%	$5.0M	$12.9M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8440	+0.201%	$9.9M	$10.4M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8450	+0.256%	—	$4.4M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8456	+0.288%	$43K	$267K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8400	−0.016%	$1.8M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8436	+0.180%	$31K	$178K	10x	as long as short
Phoenix RENDER	+0.0173%	1h	1.8377	−0.141%	$40K	$325K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8400	−0.016%	$595K	$1.4M	90x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0352%	1h	1.8670	+1.451%	$154K	$69K	50x	as long as short
GMX RENDER/USD [ETH-USDC]long	L +0.0361% / S −0.0904%	1h	1.8403	long leg	$15K	—	100x
Kraken Futures PF_RENDERUSD	+0.0580%	1h	1.8433	+0.164%	$468K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.0759%	1h	1.8441	+0.207%	$4.2M	$3.7M	5x	as long as short