Funding you earn now, next payment 22:00 UTC−0.0442%/8h= −48.4% APRpaid last 24h −0.057%
Price spread now: Bybit against GMX−0.178%7-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 −$13 a day on $10k at the current rate, and Bybit is 0.178% cheaper against GMX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX RENDER/USD [ETH-USDC] | 1.8684 | L +0.0341% / S −0.0785% | pay 0.0043% / 1h | 33m 23s | $14K | — | 100x |
| Short | Bybit RENDERUSDT | 1.8651 | −0.0101 | pay 0.0051% / 4h | 2h 33m | $12.2M | $14.6M | 50x |
GMX RENDER/USD [ETH-USDC]
Bybit RENDERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$92.86
- Price spread: −0.178% → 0.000%
- −$17.78
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$133.64
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 2.68 bp | 20.3 bp −$20 | 46.9 bp −$469 | 456.6 bp −$45.7K | 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 | −0.0440% | 1h | 1.8690 | +0.031% | $6K | $141K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0285% | 1h | 1.8679 | −0.028% | $11K | $30K | 25x | as long as short |
| Variational Omni RENDER | −0.0249% | 4h | 1.8649 | −0.187% | $231K | $263K | — | as long as short |
| Bybit RENDERUSDTshort | −0.0101% | 4h | 1.8651 | −0.178% | $12.2M | $14.6M | 50x | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8719 | +0.188% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8702 | +0.095% | $272K | $195K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8680 | −0.022% | $12.5M | $49.0M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8670 | −0.076% | $3.2M | $8.8M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8694 | +0.052% | $547K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8700 | +0.084% | $12.0M | $10.2M | 200x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
Variational Omni RENDER
dYdX RENDER-USD
Aster RENDERUSDT
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8680 | −0.023% | $5.2M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8681 | −0.017% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8680 | −0.023% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8687 | +0.015% | $45K | $265K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8700 | +0.084% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8678 | −0.035% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8683 | −0.007% | $40K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8680 | −0.023% | $601K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC]long | L +0.0341% / S −0.0785% | 1h | 1.8684 | long leg | $14K | — | 100x | |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8640 | −0.237% | $154K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0743% | 1h | 1.8705 | +0.111% | $489K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0830% | 1h | 1.8716 | +0.170% | $4.3M | $4.3M | 5x | as long as short |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER