Settings8H · net · $10k
Funding arb · Price arb /

RENDER

all RENDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0265%/8h= −29.0% APRnext payment $0.33 per $10,000 · paid last 24h −0.055%
Price spread now: Extended against GMX−0.011%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX RENDER/USD [ETH-USDC]1.8941L +0.0369% / S −0.0912%pay 0.0046% / 1h22m 40s$16K100x
ShortExtended RENDER-USD1.89390.0104get 0.0013% / 1h22m 40s$28K$198K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$55.63
Price spread: −0.011% → 0.000%
−$1.1
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$73.73
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Extended: live order book, 39 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Extended live order book, 39 min ago11.63 bp21.9 bp −$2258.6 bp −$586doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX RENDER-USD0.0000%1h1.8964+0.123%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8941+0.001%$11K$30K25xas long as short
Injective RENDER/USDC PERP+0.0036%1h1.8870−0.374%$6K$188K12xas long as short
Binance RENDERUSDT+0.0100%4h1.8944+0.017%$12.7M$46.9M75xas long as short
Bybit RENDERUSDT+0.0100%4h1.8910−0.163%$12.1M$13.1M50xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8950+0.048%$3.2M$8.3M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8952+0.059%$589K$1.2M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8940−0.004%$14.1M$11.1M200xas long as short
KuCoin RENDERUSDTM+0.0100%4h1.8960+0.101%$5.2M$11.8M50xas long as short
Bitget RENDERUSDT+0.0100%4h1.8948+0.038%$10.4M$10.7M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RENDER-USDT+0.0100%4h1.8950+0.048%$3.5Mas long as short
Variational Omni RENDER+0.0100%4h1.8901−0.210%$269K$313Kas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8976+0.186%$44K$254K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8940−0.004%$1.9M$4.0M50xas long as short
Extended RENDER-USDshort+0.0104%1h1.8939−0.011%$28K$198K10x
Aster RENDERUSDT+0.0223%4h1.9000+0.312%$275K$145K20xas long as short
Phoenix RENDER+0.0259%1h1.8881−0.316%$48K$246K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8950+0.048%$594K$1.1M90xas long as short
GMX RENDER/USD [ETH-USDC]longL +0.0369% / S −0.0912%1h1.8941long leg$16K100x
Coinbase International RENDER-PERP-INTX+0.0456%1h1.9130+0.999%$157K$58K50xas long as short
Hyperliquid RENDER+0.0894%1h1.9014+0.386%$4.3M$3.2M5xas long as short
Kraken Futures PF_RENDERUSD+0.1411%1h1.8966+0.131%$491K$1.1M50xas long as short