Funding you earn now, next payment 05:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.012%
Price spread now: BloFin against GMX−0.117%51s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.117% cheaper against GMX than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX RENDER/USD [ETH-USDC] | 1.8502 | L +0.0374% / S −0.0956% | pay 0.0047% / 1h | 53m 40s | $16K | — | 100x |
| Short | BloFin RENDER-USDT | 1.8480 | 0.0340 | get 0.0170% / 4h | 3h 53m | $573K | $1.1M | 90x |
GMX RENDER/USD [ETH-USDC]
BloFin RENDER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$7.12
- Price spread: −0.117% → 0.000%
- −$11.66
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$42.78
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago | 2.71 bp | 8.7 bp −$9 | 16.0 bp −$160 | 70.1 bp −$7,006 | 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 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 PERP | −0.0572% | 1h | 1.8420 | −0.441% | $12K | $194K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8494 | −0.039% | $19K | $23K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8493 | −0.046% | $12K | $31K | 25x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8500 | −0.009% | $12.1M | $47.3M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8490 | −0.063% | $11.9M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8520 | +0.100% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8490 | −0.063% | $541K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8490 | −0.063% | $12.5M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8510 | +0.046% | $4.9M | $11.5M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8503 | +0.008% | $10.1M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
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 | 1.8500 | −0.009% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8437 | −0.350% | $262K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8476 | −0.138% | $41K | $251K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8490 | −0.063% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8490 | −0.065% | $30K | $205K | 10x | as long as short |
| Aster RENDERUSDT | +0.0121% | 4h | 1.8510 | +0.046% | $271K | $153K | 20x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8432 | −0.376% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDTshort | +0.0340% | 4h | 1.8480 | −0.117% | $573K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC]long | L +0.0374% / S −0.0956% | 1h | 1.8502 | long leg | $16K | — | 100x | |
| Hyperliquid RENDER | +0.0527% | 1h | 1.8525 | +0.127% | $4.2M | $3.3M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8430 | −0.387% | $153K | $59K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1035% | 1h | 1.8521 | +0.105% | $482K | $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
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD