Funding you earn now, next payment 22:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h −0.049%
Price spread now: KuCoin against GMX−0.020%7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX RENDER/USD [ETH-USDC] | 1.8674 | L +0.0341% / S −0.0785% | pay 0.0043% / 1h | 39m 17s | $14K | — | 100x |
| Short | KuCoin RENDERUSDTM | 1.8670 | 0.0100 | get 0.0050% / 4h | 2h 39m | $5.2M | $13.0M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$50.63
- Price spread: −0.020% → 0.000%
- −$1.97
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$76.6
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 5.37 bp | 21.1 bp −$21 | 63.6 bp −$636 | 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 | −0.0440% | 1h | 1.8640 | −0.180% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0257% | 4h | 1.8615 | −0.314% | $225K | $258K | — | as long as short |
| Bybit RENDERUSDT | −0.0135% | 4h | 1.8645 | −0.154% | $12.2M | $14.6M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8679 | +0.030% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8682 | +0.045% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8690 | +0.087% | $272K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8680 | +0.034% | $12.5M | $49.1M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8680 | +0.034% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8672 | −0.009% | $546K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8670 | −0.020% | $12.0M | $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 RENDERUSDTMshort | +0.0100% | 4h | 1.8670 | −0.020% | $5.2M | $13.0M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8678 | +0.023% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8670 | −0.020% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8646 | −0.148% | $44K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8670 | −0.020% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8677 | +0.020% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8635 | −0.207% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8650 | −0.127% | $601K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC]long | L +0.0341% / S −0.0785% | 1h | 1.8674 | long leg | $14K | — | 100x | |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8640 | −0.180% | $154K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0743% | 1h | 1.8704 | +0.163% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0958% | 1h | 1.8704 | +0.162% | $4.3M | $4.3M | 5x | as long as short |
GMX RENDER/USD [ETH-USDC]
KuCoin RENDERUSDTM
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER