Funding you earn now, next payment 08:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.067%
Price spread now: KuCoin against GMX+0.105%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 pays, funding is against you. KuCoin is 0.105% dearer against GMX than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX RENDER/USD [ETH-USDC] | 1.7961 | L +0.0360% / S −0.0906% | pay 0.0045% / 1h | 19m 52s | $15K | — | 100x |
| Short | KuCoin RENDERUSDTM | 1.7980 | 0.0100 | get 0.0050% / 4h | 19m 52s | $4.8M | $10.0M | 50x |
GMX RENDER/USD [ETH-USDC]
KuCoin RENDERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$54.59
- Price spread: +0.105% → 0.000%
- $10.51
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$68.08
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago | 2.78 bp | 25.5 bp −$25 | 67.6 bp −$676 | 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: 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 | −0.0131% | 1h | 1.7960 | −0.006% | $11K | $194K | 12x | as long as short |
| dYdX RENDER-USD | +0.0012% | 1h | 1.7936 | −0.138% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0084% | 1h | 1.7960 | −0.006% | $18K | $37K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.7978 | +0.095% | $276K | $189K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.7980 | +0.105% | $11.6M | $45.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.7970 | +0.049% | $11.8M | $12.5M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.7990 | +0.161% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.7957 | −0.023% | $512K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.7970 | +0.049% | $10.9M | $11.8M | 200x | as long as short |
| KuCoin RENDERUSDTMshort | +0.0100% | 4h | 1.7980 | +0.105% | $4.8M | $10.0M | 50x |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.7984 | +0.127% | $9.7M | $10.6M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.7970 | +0.049% | — | $5.1M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.7932 | −0.163% | $254K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.7956 | −0.029% | $39K | $248K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.7960 | −0.006% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.7968 | +0.036% | $26K | $254K | 10x | as long as short |
| Phoenix RENDER | +0.0266% | 1h | 1.7999 | +0.211% | $46K | $339K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.7970 | +0.049% | $602K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC]long | L +0.0360% / S −0.0906% | 1h | 1.7961 | long leg | $15K | — | 100x | |
| Hyperliquid RENDER | +0.0399% | 1h | 1.8002 | +0.228% | $4.1M | $3.4M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0512% | 1h | 1.8060 | +0.551% | $149K | $61K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0739% | 1h | 1.7963 | +0.011% | $417K | $1.4M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD