RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0363%/8h= −39.8% APRnext payment −$0.45 per $10,000 · paid last 24h +0.108%

Price spread now: dYdX against GMX+0.038%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 dYdX

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. dYdX is 0.038% dearer against GMX than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX RENDER/USD [ETH-USDC]	1.8540	L +0.0363% / S −0.0912%	pay 0.0045% / 1h	34m 45s	$15K	—	100x
Short	dYdX RENDER-USD	1.8548	0	get 0.0000% / 1h	34m 45s	$19K	$21K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$76.33
Price spread: +0.038% → 0.000%: $3.83
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$94.5
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; dYdX: 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 dYdX no order-book sample	—	—	—	—	—

GMX and dYdX: 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
Variational Omni RENDER	−0.0093%	4h	1.8543	+0.013%	$224K	$296K	—	as long as short
dYdX RENDER-USDshort	0.0000%	1h	1.8548	+0.038%	$19K	$21K	5x
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8545	+0.024%	$11K	$30K	25x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8564	+0.125%	$268K	$166K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8544	+0.017%	$12.4M	$47.0M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8515	−0.137%	$12.0M	$13.5M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8520	−0.110%	$3.1M	$8.3M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8541	+0.003%	$536K	$1.1M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8540	−0.003%	$12.3M	$10.5M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8530	−0.057%	$5.1M	$12.4M	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	1.8551	+0.057%	$10.0M	$10.3M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8540	−0.003%	—	$4.2M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8569	+0.154%	$43K	$266K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8550	+0.051%	$1.9M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8539	−0.008%	$31K	$178K	10x	as long as short
Injective RENDER/USDC PERP	+0.0110%	1h	1.8550	+0.051%	$6K	$187K	12x	as long as short
Phoenix RENDER	+0.0173%	1h	1.8589	+0.262%	$47K	$333K	5x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0256%	1h	1.8440	−0.542%	$152K	$65K	50x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8560	+0.105%	$595K	$1.2M	90x	as long as short
GMX RENDER/USD [ETH-USDC]long	L +0.0363% / S −0.0912%	1h	1.8540	long leg	$15K	—	100x
Kraken Futures PF_RENDERUSD	+0.0597%	1h	1.8567	+0.143%	$482K	$1.1M	50x	as long as short
Hyperliquid RENDER	+0.1756%	1h	1.8586	+0.246%	$4.3M	$3.4M	5x	as long as short