RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1527%/8h= +167.3% APRnext payment +$1.91 per $10,000 · paid last 24h +0.362%

Price spread now: GMX against Injective−0.388%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on GMX

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

Funding pays, the price is against you. GMX is 0.388% cheaper against Injective than usual: you would sell low and buy high (spread −0.388% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 20 hours of funding at the current rate (+$46 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective RENDER/USDC PERP	1.8240	−0.0572	get 0.0071% / 1h	8m 48s	$11K	$194K	12x
Short	GMX RENDER/USD [ETH-USDC]	1.8169	L +0.0372% / S −0.0956%	get 0.0119% / 1h	8m 48s	$16K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now −0.388%Rate

Funding earned: $320.77
Price spread: −0.388% → 0.000%: −$38.82
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: $269.94
Costs to cover: 0.120%
Break-even: 1.1 days

Slippage unknown: Injective: live order book, 60 min ago; GMX: 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 Injective live order book, 60 min ago	43.29 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 PERPlong	−0.0572%	1h	1.8240	long leg	$11K	$194K	12x
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8182	−0.318%	$16K	$35K	25x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8208	−0.174%	$267K	$155K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8190	−0.274%	$11.8M	$47.1M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8180	−0.329%	$11.6M	$13.1M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8200	−0.219%	$3.1M	$8.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8186	−0.296%	$532K	$1.3M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8170	−0.384%	$12.3M	$11.2M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8200	−0.219%	$4.9M	$11.2M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8192	−0.263%	$9.9M	$10.6M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RENDER-USDT	+0.0100%	4h	1.8190	−0.274%	—	$3.4M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.8222	−0.101%	$259K	$313K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8264	+0.132%	$40K	$250K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8180	−0.329%	$1.8M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8179	−0.332%	$26K	$197K	10x	as long as short
dYdX RENDER-USD	+0.0178%	1h	1.8201	−0.215%	$18K	$32K	5x	as long as short
Phoenix RENDER	+0.0303%	1h	1.8256	+0.088%	$47K	$326K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8220	−0.110%	$562K	$1.1M	90x	as long as short
GMX RENDER/USD [ETH-USDC]short	L +0.0372% / S −0.0956%	1h	1.8169	−0.388%	$16K	—	100x
Hyperliquid RENDER	+0.0570%	1h	1.8209	−0.170%	$4.1M	$3.3M	5x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0616%	1h	1.8430	+1.042%	$153K	$58K	50x	as long as short
Kraken Futures PF_RENDERUSD	+0.1053%	1h	1.8198	−0.229%	$491K	$1.2M	50x	as long as short