Funding you earn now, next payment 09:00 UTC+0.0919%/8h= +100.7% APRnext payment +$1.15 per $10,000 · paid last 24h +0.378%
Price spread now: GMX against Injective−0.395%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Funding pays, the price is against you. GMX is 0.395% cheaper against Injective than usual: you would sell low and buy high (spread −0.395% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 34 hours of funding at the current rate (+$28 a day). The two prices were read 57 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 | Injective RENDER/USDC PERP | 1.8060 | −0.0013 | get 0.0002% / 1h | 58m 19s | $11K | $194K | 12x |
| Short | GMX RENDER/USD [ETH-USDC] | 1.7989 | L +0.0361% / S −0.0906% | get 0.0113% / 1h | 58m 19s | $15K | — | 100x |
Injective RENDER/USDC PERP
GMX RENDER/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Injective. 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
- $193.08
- Price spread: −0.395% → 0.000%
- −$39.51
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $141.55
- Costs to cover
- 0.120%
- Break-even
- 1.9 days
Slippage unknown: Injective: live order book, 56 min ago; GMX: no order-book sample. 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 Injective live order book, 56 min ago | 66.15 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 PERPlong | −0.0013% | 1h | 1.8060 | long leg | $11K | $194K | 12x | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8080 | +0.111% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0027% | 1h | 1.8070 | +0.055% | $18K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.7978 | −0.453% | $276K | $190K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.7998 | −0.343% | $11.7M | $44.6M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.7994 | −0.365% | $11.8M | $12.1M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8040 | −0.111% | $3.1M | $7.9M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.7976 | −0.465% | $511K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.7960 | −0.554% | $10.5M | $11.4M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.7980 | −0.443% | $4.8M | $9.8M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8015 | −0.249% | $9.8M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.7990 | −0.388% | — | $5.1M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8053 | −0.041% | $256K | $314K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8046 | −0.078% | $40K | $247K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8070 | +0.055% | $1.8M | $3.8M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8095 | +0.194% | $26K | $254K | 10x | as long as short |
| Phoenix RENDER | +0.0266% | 1h | 1.8080 | +0.111% | $46K | $306K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8090 | +0.166% | $601K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC]short | L +0.0361% / S −0.0906% | 1h | 1.7989 | −0.395% | $15K | — | 100x | |
| Kraken Futures PF_RENDERUSD | +0.0424% | 1h | 1.8076 | +0.087% | $423K | $1.4M | 50x | as long as short |
| Hyperliquid RENDER | +0.0455% | 1h | 1.8070 | +0.055% | $4.1M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0624% | 1h | 1.8160 | +0.554% | $149K | $56K | 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
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER
Coinbase International RENDER-PERP-INTX