Spread before costs (cost unknown: a leg has no order-book sample)+0.034%
7d average—if it closes, per $10,000$3funding while held, a day+$13.15
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RENDER-USDT | 1.7930 | 0.0340 | pay 0.0170% / 4h | 2h 36m | $587K | $1.4M | 90x |
| Short | GMX RENDER/USD [ETH-USDC] | 1.7936 | L +0.0335% / S −0.0778% | get 0.0097% / 1h | 36m 36s | $13K | — | 100x |
BloFin RENDER-USDT
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
- $3.35
- Funding while held
- $13.15
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$7.5
- Spread needed to break even
- 0.240%
Slippage unknown: BloFin: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0438%
- Per $10,000 a day
- +$13.15
- 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 BloFin live order book, 2 min ago | 2.79 bp | 12.8 bp −$13 | 24.1 bp −$241 | 96.1 bp −$9,608 | 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.Injective1.7810cheapestVariational Omni1.7836+0.146%Bybit1.7890+0.449%Gate1.7892+0.460%MEXC1.7900+0.505%Bitget1.7900+0.505%BingX1.7900+0.505%Extended1.7907+0.547%Binance1.7910+0.561%OKX1.7910+0.561%KuCoin1.7910+0.561%dYdX1.7921+0.625%Deribit1.7924+0.640%Aster1.7929+0.666%Phemex1.7930+0.674%
Injective
Variational Omni
Bybit
Gate
MEXC
Bitget
BingX
Extended
Binance
OKX
KuCoin
dYdX
Deribit
Aster
PhemexBloFin1.7930+0.674%
ApeX Omni1.7934+0.696%
ApeX OmniGMX1.7936+0.708%
Phoenix1.7939+0.724%Kraken Futures1.7951+0.794%Hyperliquid1.7952+0.797%Coinbase International1.7960+0.842%
Phoenix
Kraken Futures
Hyperliquid
Coinbase InternationalRENDER on 22 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.669% | −0.2464% | 1h | $6K | $79K | 12x | as long as short |
| Variational Omni RENDER | −0.524% | −0.0051% | 4h | $291K | $169K | — | as long as short |
| Bybit RENDERUSDT | −0.223% | +0.0100% | 4h | $11.7M | $15.2M | 50x | as long as short |
| Gate RENDER_USDT | −0.212% | −0.0130% | 4h | $529K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | −0.167% | +0.0100% | 4h | $10.9M | $11.2M | 200x | as long as short |
| Bitget RENDERUSDT | −0.167% | +0.0100% | 4h | $9.5M | $10.8M | 50x | as long as short |
| BingX RENDER-USDT | −0.167% | +0.0100% | 4h | — | $4.1M | — | as long as short |
| Extended RENDER-USD | −0.126% | +0.0104% | 1h | $30K | $179K | 10x | as long as short |
| Binance RENDERUSDT | −0.112% | +0.0100% | 4h | $11.7M | $50.1M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | −0.112% | +0.0100% | 4h | $3.1M | $9.0M | 20x | as long as short |
Show all 22 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | −0.112% | +0.0100% | 4h | $4.5M | $12.6M | 50x | as long as short |
| dYdX RENDER-USD | −0.049% | 0.0000% | 1h | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.033% | −0.0252% | 1h | $10K | $127K | 25x | as long as short |
| Aster RENDERUSDT | −0.008% | +0.0100% | 4h | $259K | $181K | 20x | as long as short |
| Phemex RENDERUSDT | 0.000% | +0.0001% | 8h | $1.9M | $4.1M | 50x | as long as short |
| BloFin RENDER-USDTlong | 0.000% | +0.0340% | 4h | $587K | $1.4M | 90x | |
| ApeX Omni RENDERUSDT | +0.022% | +0.0100% | 1h | $46K | $258K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC]short | +0.034% | L +0.0335% / S −0.0778% | 1h | $13K | — | 100x | |
| Phoenix RENDER | +0.050% | +0.0044% | 1h | $39K | $400K | 5x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.119% | +0.0057% | 1h | $464K | $1.2M | 50x | as long as short |
| Hyperliquid RENDER | +0.123% | +0.0789% | 1h | $4.0M | $4.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.167% | +0.0408% | 1h | $154K | $54K | 50x | as long as short |