Spread before costs (cost unknown: a leg has no order-book sample)+0.350%
7d average—if it closes, per $10,000$35funding while held, a day+$20.35
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni RENDERUSDT | 1.7937 | 0.0100 | pay 0.0013% / 1h | 6m 17s | $48K | $260K | 50x |
| Short | GMX RENDER/USD [ETH-USDC] | 1.8000 | L +0.0335% / S −0.0778% | get 0.0097% / 1h | 6m 17s | $13K | — | 100x |
ApeX Omni RENDERUSDT
GMX RENDER/USD [ETH-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $35.03
- Funding while held
- $20.35
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $33.38
- Spread needed to break even
- 0.220%
Slippage unknown: ApeX Omni: live order book, 47 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0678%
- Per $10,000 a day
- +$20.35
- Average in range /8h
- —
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 ApeX Omni live order book, 47 min ago | 9.17 bp | 16.8 bp −$17 | 106.6 bp −$1,066 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni1.7916cheapestInjective1.7930+0.077%
Variational Omni
InjectiveApeX Omni1.7937+0.116%
Phoenix1.7971+0.306%Bybit1.7980+0.356%BingX1.7980+0.356%Phemex1.7980+0.356%Deribit1.7989+0.407%MEXC1.7990+0.412%KuCoin1.7990+0.412%BloFin1.7990+0.412%Binance1.7994+0.435%Extended1.7995+0.438%Gate1.7999+0.462%
Phoenix
Bybit
BingX
Phemex
Deribit
MEXC
KuCoin
BloFin
Binance
Extended
GateGMX1.8000+0.467%
dYdX1.8000+0.468%OKX1.8000+0.468%Bitget1.8001+0.474%Aster1.8002+0.482%Coinbase International1.8010+0.524%Kraken Futures1.8017+0.565%Hyperliquid1.8033+0.652%
dYdX
OKX
Bitget
Aster
Coinbase International
Kraken Futures
HyperliquidRENDER on 22 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | −0.116% | −0.0016% | 4h | $214K | $121K | — | as long as short |
| Injective RENDER/USDC PERP | −0.039% | −0.2233% | 1h | $7K | $113K | 12x | as long as short |
| ApeX Omni RENDERUSDTlong | 0.000% | +0.0100% | 1h | $48K | $260K | 50x | |
| Phoenix RENDER | +0.190% | 0.0000% | 1h | $38K | $476K | 5x | as long as short |
| Bybit RENDERUSDT | +0.240% | +0.0100% | 4h | $11.9M | $19.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.240% | +0.0100% | 4h | — | $4.3M | — | as long as short |
| Phemex RENDERUSDT | +0.240% | +0.0100% | 8h | $1.9M | $4.5M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.290% | −0.0417% | 1h | $14K | $123K | 25x | as long as short |
| MEXC RENDER_USDT | +0.295% | +0.0100% | 4h | $11.4M | $11.6M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.295% | +0.0100% | 4h | $4.7M | $12.7M | 50x | as long as short |
Show all 22 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin RENDER-USDT | +0.295% | +0.0340% | 4h | $586K | $1.5M | 90x | as long as short |
| Binance RENDERUSDT | +0.318% | +0.0100% | 4h | $11.7M | $62.0M | 75x | as long as short |
| Extended RENDER-USD | +0.321% | +0.0104% | 1h | $30K | $206K | 10x | as long as short |
| Gate RENDER_USDT | +0.346% | +0.0100% | 4h | $517K | $1.4M | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC]short | +0.350% | L +0.0335% / S −0.0778% | 1h | $13K | — | 100x | |
| dYdX RENDER-USD | +0.351% | 0.0000% | 1h | $18K | $25K | 5x | as long as short |
| OKX RENDER-USDT-SWAP | +0.351% | +0.0100% | 4h | $3.1M | $12.1M | 20x | as long as short |
| Bitget RENDERUSDT | +0.357% | +0.0100% | 4h | $9.7M | $12.7M | 50x | as long as short |
| Aster RENDERUSDT | +0.365% | +0.0100% | 4h | $257K | $230K | 20x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.407% | +0.0256% | 1h | $155K | $80K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.448% | +0.0307% | 1h | $466K | $1.5M | 50x | as long as short |
| Hyperliquid RENDER | +0.535% | +0.0340% | 1h | $3.8M | $4.5M | 5x | as long as short |