RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0283%/8h= −31.0% APRnext payment −$0.35 per $10,000 · paid last 24h −0.076%

Price spread now: ApeX Omni against GMX+0.616%7-day average — · you sell dearer than you buy

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

Long on GMX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 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. ApeX Omni is 0.616% dearer against GMX than usual: you sell high and buy low (spread +0.616% now, against zero (this spread has no 7-day history yet)): +$62 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX RENDER/USD [ETH-USDC]	1.8000	L +0.0383% / S −0.1030%	pay 0.0048% / 1h	50m 28s	$17K	—	100x
Short	ApeX Omni RENDERUSDT	1.8111	0.0100	get 0.0013% / 1h	50m 28s	$37K	$232K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Position, each leg$Hold fordaysFee GMXbpFee ApeX OmnibpOrdersPrice spread, now +0.616%Rate

Funding earned: −$59.42
Price spread: +0.616% → 0.000%: $61.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.77
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 54 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 ApeX Omni live order book, 54 min ago	6.90 bp	15.6 bp −$16	120.4 bp −$1,204	doesn't fit	doesn'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 exchanges

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 PERP	−0.0747%	1h	1.8070	+0.389%	$11K	$194K	12x	as long as short
dYdX RENDER-USD	0.0000%	1h	1.8009	+0.048%	$28K	$21K	5x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8003	+0.016%	$22K	$23K	25x	as long as short
Hyperliquid RENDER	+0.0100%	1h	1.8020	+0.111%	$4.1M	$2.4M	5x	as long as short
Aster RENDERUSDT	+0.0100%	4h	1.8047	+0.264%	$260K	$160K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8040	+0.222%	$11.6M	$39.9M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	1.8024	+0.133%	$11.8M	$10.2M	50x	as long as short
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8040	+0.222%	$3.0M	$7.2M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.7996	−0.022%	$510K	$1.0M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8000	0.000%	$10.7M	$11.2M	200x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RENDERUSDTM	+0.0100%	4h	1.8010	+0.055%	$4.8M	$8.3M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8011	+0.061%	$9.7M	$9.6M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	1.8010	+0.055%	—	$4.9M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.7980	−0.110%	$260K	$297K	—	as long as short
ApeX Omni RENDERUSDTshort	+0.0100%	1h	1.8111	+0.616%	$37K	$232K	50x
Phemex RENDERUSDT	+0.0100%	8h	1.8000	0.000%	$1.8M	$3.5M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8006	+0.032%	$29K	$200K	10x	as long as short
Coinbase International RENDER-PERP-INTX	+0.0232%	1h	1.7960	−0.222%	$148K	$43K	50x	as long as short
Phoenix RENDER	+0.0265%	1h	1.8050	+0.278%	$45K	$276K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8040	+0.222%	$596K	$1.2M	90x	as long as short
GMX RENDER/USD [ETH-USDC]long	L +0.0383% / S −0.1030%	1h	1.8000	long leg	$17K	—	100x
Kraken Futures PF_RENDERUSD	+0.0450%	1h	1.8013	+0.071%	$424K	$1.2M	50x	as long as short