Spread before costs (cost unknown: a leg has no order-book sample)−0.035%
7d average—if it closes, per $10,000$3funding while held, a day−$17.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX RENDER/USD [ETH-USDC] | 1.8016 | L +0.0335% / S −0.0778% | pay 0.0042% / 1h | 32m 13s | $13K | — | 100x |
| Short | Deribit RENDER_USDC-PERPETUAL | 1.8010 | −0.0249 | pay 0.0031% / 1h | 32m 13s | $10K | $127K | 25x |
GMX RENDER/USD [ETH-USDC]
Deribit RENDER_USDC-PERPETUALPrice 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
- −$3.49
- Funding while held
- −$17.53
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$40.02
- Spread needed to break even
- 0.190%
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 58 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0584%
- Per $10,000 a day
- −$17.53
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 58 min ago | 5.69 bp | 14.5 bp −$14 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective1.7840cheapestPhemex1.7970+0.729%Gate1.7976+0.762%BloFin1.7990+0.841%Bybit1.8000+0.897%KuCoin1.8000+0.897%BingX1.8000+0.897%Bitget1.8001+0.902%Variational Omni1.8004+0.921%Extended1.8006+0.933%Binance1.8009+0.946%MEXC1.8010+0.953%
Injective
Phemex
Gate
BloFin
Bybit
KuCoin
BingX
Bitget
Variational Omni
Extended
Binance
MEXCDeribit1.8010+0.953%
dYdX1.8012+0.963%
dYdXGMX1.8016+0.988%
Aster1.8017+0.995%OKX1.8020+1.009%Kraken Futures1.8023+1.027%Hyperliquid1.8029+1.059%Phoenix1.8039+1.115%ApeX Omni1.8059+1.228%Coinbase International1.8080+1.345%
Aster
OKX
Kraken Futures
Hyperliquid
Phoenix
ApeX Omni
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 | −0.978% | +0.0339% | 1h | $6K | $113K | 12x | as long as short |
| Phemex RENDERUSDT | −0.257% | −0.0430% | 8h | $1.9M | $4.4M | 50x | as long as short |
| Gate RENDER_USDT | −0.224% | +0.0036% | 4h | $527K | $1.2M | 50x | as long as short |
| BloFin RENDER-USDT | −0.146% | +0.0340% | 4h | $585K | $1.5M | 90x | as long as short |
| Bybit RENDERUSDT | −0.090% | +0.0100% | 4h | $11.8M | $18.3M | 50x | as long as short |
| KuCoin RENDERUSDTM | −0.090% | +0.0100% | 4h | $4.6M | $13.2M | 50x | as long as short |
| BingX RENDER-USDT | −0.090% | +0.0100% | 4h | — | $4.2M | — | as long as short |
| Bitget RENDERUSDT | −0.085% | +0.0100% | 4h | $9.5M | $12.5M | 50x | as long as short |
| Variational Omni RENDER | −0.066% | +0.0016% | 4h | $216K | $120K | — | as long as short |
| Extended RENDER-USD | −0.054% | +0.0104% | 1h | $30K | $192K | 10x | as long as short |
Show all 22 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance RENDERUSDT | −0.042% | +0.0100% | 4h | $11.8M | $60.1M | 75x | as long as short |
| MEXC RENDER_USDT | −0.035% | +0.0100% | 4h | $10.5M | $12.6M | 200x | as long as short |
| Deribit RENDER_USDC-PERPETUALshort | −0.035% | −0.0249% | 1h | $10K | $127K | 25x | |
| dYdX RENDER-USD | −0.025% | 0.0000% | 1h | $18K | $23K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC]long | 0.000% | L +0.0335% / S −0.0778% | 1h | $13K | — | 100x | |
| Aster RENDERUSDT | +0.006% | +0.0100% | 4h | $261K | $230K | 20x | as long as short |
| OKX RENDER-USDT-SWAP | +0.021% | +0.0100% | 4h | $3.1M | $11.6M | 20x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.039% | −0.0057% | 1h | $464K | $1.5M | 50x | as long as short |
| Hyperliquid RENDER | +0.071% | +0.0587% | 1h | $3.8M | $4.5M | 5x | as long as short |
| Phoenix RENDER | +0.126% | −0.0045% | 1h | $38K | $493K | 5x | as long as short |
| ApeX Omni RENDERUSDT | +0.237% | +0.0100% | 1h | $46K | $260K | 50x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.354% | +0.0368% | 1h | $155K | $70K | 50x | as long as short |