Funding you earn now, next payment 03:00 UTC+0.0812%/8h= +88.9% APRpaid last 24h +0.152%
Price spread now: GMX against KuCoin+0.169%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
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and GMX is 0.169% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RENDERUSDTM | 1.8900 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $5.2M | $11.9M | 50x |
| Short | GMX RENDER/USD [ETH-USDC] | 1.8932 | L +0.0369% / S −0.0912% | get 0.0114% / 1h | 16m 51s | $16K | — | 100x |
KuCoin RENDERUSDTM
GMX RENDER/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against KuCoin. 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
- $170.57
- Price spread: +0.169% → 0.000%
- $16.87
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $163.44
- Costs to cover
- 0.240%
- Break-even
- 0.3 days
Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 2.64 bp | 41.8 bp −$42 | 70.1 bp −$701 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | 0.0000% | 1h | 1.8936 | +0.192% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8928 | +0.148% | $11K | $30K | 25x | as long as short |
| Injective RENDER/USDC PERP | +0.0036% | 1h | 1.8920 | +0.106% | $6K | $188K | 12x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8917 | +0.091% | $12.6M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8911 | +0.058% | $12.1M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8930 | +0.159% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8897 | −0.016% | $584K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8900 | 0.000% | $14.1M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTMlong | +0.0100% | 4h | 1.8900 | long leg | $5.2M | $11.9M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8901 | +0.005% | $10.4M | $10.7M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Injective RENDER/USDC PERP
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8920 | +0.106% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8877 | −0.124% | $269K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8892 | −0.042% | $43K | $254K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8950 | +0.265% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8895 | −0.028% | $28K | $198K | 10x | as long as short |
| Aster RENDERUSDT | +0.0254% | 4h | 1.8983 | +0.441% | $275K | $145K | 20x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8957 | +0.302% | $49K | $246K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8930 | +0.159% | $593K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC]short | L +0.0369% / S −0.0912% | 1h | 1.8932 | +0.169% | $16K | — | 100x | |
| Coinbase International RENDER-PERP-INTX | +0.0456% | 1h | 1.9130 | +1.217% | $157K | $57K | 50x | as long as short |
| Hyperliquid RENDER | +0.0875% | 1h | 1.8981 | +0.429% | $4.3M | $3.2M | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1411% | 1h | 1.8964 | +0.338% | $491K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD