RENDER

Alert

Funding spread now, next payment 16:00 UTC+0.0033%/8h

next payment, per $10,000+$0.04paid, last 24h−0.015%paid, last 3 days+0.445%to open and closeno order book

Long on GMX Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX RENDER/USD [ETH-USDC]	1.8028	L +0.0335% / S −0.0778%	pay 0.0042% / 1h	29m 35s	$13K	—	100x
Short	Coinbase International RENDER-PERP-INTX	1.8080	0.0368	get 0.0046% / 1h	29m 35s	$155K	$58K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Coinbase InternationalbpOrdersRate

Funding earned: $6.98
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.02
Break-even: 22.1 days

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 15 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.286%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 15 min ago	27.72 bp	64.9 bp −$65	doesn't fit	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 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit RENDER_USDC-PERPETUAL	−0.0416%	1h	$10K	$127K	25x	as long as short
Phemex RENDERUSDT	−0.0411%	8h	$1.9M	$4.4M	50x	as long as short
Kraken Futures PF_RENDERUSD	−0.0057%	1h	$468K	$1.4M	50x	as long as short
Phoenix RENDER	−0.0045%	1h	$38K	$493K	5x	as long as short
Gate RENDER_USDT	−0.0044%	4h	$526K	$1.2M	50x	as long as short
Variational Omni RENDER	−0.0002%	4h	$215K	$120K	—	as long as short
dYdX RENDER-USD	0.0000%	1h	$18K	$23K	5x	as long as short
Aster RENDERUSDT	+0.0100%	4h	$261K	$219K	20x	as long as short
Binance RENDERUSDT	+0.0100%	4h	$11.8M	$59.4M	75x	as long as short
Bybit RENDERUSDT	+0.0100%	4h	$11.7M	$18.1M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX RENDER-USDT-SWAP	+0.0100%	4h	$3.1M	$11.5M	20x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	$10.5M	$12.6M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	$4.6M	$13.1M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	$9.5M	$12.4M	50x	as long as short
BingX RENDER-USDT	+0.0100%	4h	—	$4.2M	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	$46K	$259K	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	$30K	$181K	10x	as long as short
GMX RENDER/USD [ETH-USDC]long	L +0.0335% / S −0.0778%	1h	$13K	—	100x
Injective RENDER/USDC PERP	+0.0339%	1h	$6K	$113K	12x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	$587K	$1.5M	90x	as long as short
Coinbase International RENDER-PERP-INTXshort	+0.0368%	1h	$155K	$58K	50x
Hyperliquid RENDER	+0.0555%	1h	$3.8M	$4.5M	5x	as long as short