Funding you earn now, next payment 00:00 UTC−0.0263%/8h= −28.9% APRpaid last 24h −0.052%
Price spread now: MEXC against GMX+0.051%7-day average — · you sell dearer than you buy
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 pays, funding is against you. MEXC is 0.051% dearer against GMX than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 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 | 35m 21s | $15K | — | 100x |
| Short | MEXC RENDER_USDT | 1.8550 | 0.0100 | get 0.0050% / 4h | 35m 21s | $12.3M | $10.5M | 200x |
GMX RENDER/USD [ETH-USDC]
MEXC RENDER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$55.33
- Price spread: +0.051% → 0.000%
- $5.13
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$62.19
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 2.69 bp | 2.7 bp −$3 | 6.9 bp −$69 | 32.4 bp −$3,245 | 184.3 bp −$92.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | −0.0093% | 4h | 1.8543 | +0.013% | $224K | $296K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8548 | +0.038% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8576 | +0.192% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8568 | +0.147% | $268K | $166K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8544 | +0.021% | $12.4M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8520 | −0.110% | $12.0M | $13.5M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8540 | −0.003% | $3.1M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8545 | +0.024% | $536K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDTshort | +0.0100% | 4h | 1.8550 | +0.051% | $12.3M | $10.5M | 200x | |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8530 | −0.057% | $5.1M | $12.4M | 50x | as long as short |
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
KuCoin RENDERUSDTMShow 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 | 1.8550 | +0.051% | — | $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 | 1.8570 | +0.159% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8546 | +0.032% | $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 | 1.8590 | +0.267% | $597K | $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 | +0.0596% | 1h | 1.8599 | +0.314% | $483K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1764% | 1h | 1.8595 | +0.294% | $4.3M | $3.4M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
BloFin RENDER-USDT
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER