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

RENDER

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Alert: funding
Alert: spread
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
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 feesneeds 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX RENDER/USD [ETH-USDC]1.8674L +0.0341% / S −0.0785%pay 0.0043% / 1h39m 17s$14K100x
ShortKuCoin RENDERUSDTM1.86700.0100get 0.0050% / 4h2h 39m$5.2M$13.0M50x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell KuCoin live order book, 4 min ago5.37 bp21.1 bp −$2163.6 bp −$636doesn'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
Injective RENDER/USDC PERP−0.0440%1h1.8640−0.180%$6K$141K12xas long as short
Variational Omni RENDER−0.0257%4h1.8615−0.314%$225K$258Kas long as short
Bybit RENDERUSDT−0.0135%4h1.8645−0.154%$12.2M$14.6M50xas long as short
dYdX RENDER-USD0.0000%1h1.8679+0.030%$19K$21K5xas long as short
Deribit RENDER_USDC-PERPETUAL0.0000%1h1.8682+0.045%$11K$30K25xas long as short
Aster RENDERUSDT+0.0100%4h1.8690+0.087%$272K$189K20xas long as short
Binance RENDERUSDT+0.0100%4h1.8680+0.034%$12.5M$49.1M75xas long as short
OKX RENDER-USDT-SWAP+0.0100%4h1.8680+0.034%$3.2M$8.8M20xas long as short
Gate RENDER_USDT+0.0100%4h1.8672−0.009%$546K$1.1M50xas long as short
MEXC RENDER_USDT+0.0100%4h1.8670−0.020%$12.0M$10.2M200xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RENDERUSDTMshort+0.0100%4h1.8670−0.020%$5.2M$13.0M50x
Bitget RENDERUSDT+0.0100%4h1.8678+0.023%$10.0M$10.3M50xas long as short
BingX RENDER-USDT+0.0100%4h1.8670−0.020%$4.3Mas long as short
ApeX Omni RENDERUSDT+0.0100%1h1.8646−0.148%$44K$265K50xas long as short
Phemex RENDERUSDT+0.0100%8h1.8670−0.020%$1.9M$4.0M50xas long as short
Extended RENDER-USD+0.0104%1h1.8677+0.020%$31K$178K10xas long as short
Phoenix RENDER+0.0173%1h1.8635−0.207%$40K$336K5xas long as short
BloFin RENDER-USDT+0.0340%4h1.8650−0.127%$601K$1.4M90xas long as short
GMX RENDER/USD [ETH-USDC]longL +0.0341% / S −0.0785%1h1.8674long leg$14K100x
Coinbase International RENDER-PERP-INTX+0.0520%1h1.8640−0.180%$154K$68K50xas long as short
Kraken Futures PF_RENDERUSD+0.0743%1h1.8704+0.163%$489K$1.1M50xas long as short
Hyperliquid RENDER+0.0958%1h1.8704+0.162%$4.3M$4.3M5xas long as short