Funding you earn now, next payment 03:00 UTC+0.0355%/8h= +38.9% APRnext payment +$0.44 per $10,000 · paid last 24h −0.001%
Price spread now: Coinbase International against GMX+0.112%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
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.112% dearer against GMX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX RENDER/USD [ETH-USDC] | 1.8429 | L +0.0365% / S −0.0912% | pay 0.0046% / 1h | 49m 00s | $15K | — | 100x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8450 | 0.0720 | get 0.0090% / 1h | 49m 00s | $151K | $56K | 50x |
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $74.51
- Price spread: +0.112% → 0.000%
- $11.2
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $63.71
- Costs to cover
- 0.220%
- Break-even
- 1.0 days
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 9 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 Coinbase International live order book, 9 min ago | 18.82 bp | 80.5 bp −$81 | 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: 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 | −0.0223% | 1h | 1.8490 | +0.329% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8447 | +0.094% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8429 | −0.002% | $11K | $30K | 25x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8447 | +0.097% | $12.3M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8430 | +0.003% | $11.8M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8450 | +0.112% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8422 | −0.040% | $548K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8430 | +0.003% | $12.7M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8440 | +0.058% | $5.0M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8445 | +0.085% | $10.0M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8440 | +0.058% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8492 | +0.339% | $263K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8514 | +0.459% | $41K | $253K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8430 | +0.003% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8443 | +0.072% | $26K | $200K | 10x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8523 | +0.508% | $48K | $315K | 5x | as long as short |
| Aster RENDERUSDT | +0.0327% | 4h | 1.8435 | +0.029% | $267K | $147K | 20x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8470 | +0.221% | $584K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC]long | L +0.0365% / S −0.0912% | 1h | 1.8429 | long leg | $15K | — | 100x | |
| Hyperliquid RENDER | +0.0585% | 1h | 1.8464 | +0.188% | $4.2M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0720% | 1h | 1.8450 | +0.112% | $151K | $56K | 50x | |
| Kraken Futures PF_RENDERUSD | +0.1274% | 1h | 1.8456 | +0.145% | $479K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Aster RENDERUSDT
BloFin RENDER-USDT
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD