Funding you earn now, next payment 00:00 UTC+0.0912%/8h= +99.9% APRnext payment +$1.14 per $10,000 · paid last 24h +0.182%
Price spread now: GMX against Deribit+0.014%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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$27 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit RENDER_USDC-PERPETUAL | 1.8591 | 0 | get 0.0000% / 1h | 52m 23s | $11K | $30K | 25x |
| Short | GMX RENDER/USD [ETH-USDC] | 1.8594 | L +0.0363% / S −0.0912% | get 0.0114% / 1h | 52m 23s | $16K | — | 100x |
Deribit RENDER_USDC-PERPETUAL
GMX RENDER/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. 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
- $191.57
- Price spread: +0.014% → 0.000%
- $1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $173.94
- Costs to cover
- 0.190%
- Break-even
- 0.6 days
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Deribit and 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 | −0.0184% | 4h | 1.8577 | −0.073% | $225K | $297K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8597 | +0.030% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUALlong | 0.0000% | 1h | 1.8591 | long leg | $11K | $30K | 25x | |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8610 | +0.102% | $269K | $173K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8601 | +0.052% | $12.3M | $47.2M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8578 | −0.070% | $12.0M | $13.5M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8590 | −0.005% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8591 | 0.000% | $538K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8610 | +0.102% | $12.1M | $10.4M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8590 | −0.005% | $5.1M | $12.5M | 50x | as long as short |
Variational Omni RENDER
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC 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 | 1.8597 | +0.032% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8590 | −0.005% | — | $4.2M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8597 | +0.032% | $43K | $266K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8600 | +0.048% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8592 | +0.008% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0110% | 1h | 1.8590 | −0.005% | $6K | $187K | 12x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8617 | +0.140% | $47K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8440 | −0.812% | $152K | $65K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8620 | +0.156% | $591K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC]short | L +0.0363% / S −0.0912% | 1h | 1.8594 | +0.014% | $16K | — | 100x | |
| Kraken Futures PF_RENDERUSD | +0.0596% | 1h | 1.8612 | +0.116% | $482K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.1746% | 1h | 1.8652 | +0.328% | $4.3M | $3.5M | 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