Funding you earn now, next payment 01:00 UTC−0.0365%/8h= −40.0% APRnext payment −$0.46 per $10,000 · paid last 24h +0.108%
Price spread now: dYdX against GMX−0.138%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$11 a day on $10k at the current rate, and dYdX is 0.138% cheaper against GMX than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX RENDER/USD [ETH-USDC] | 1.8733 | L +0.0365% / S −0.0912% | pay 0.0046% / 1h | 58m 20s | $16K | — | 100x |
| Short | dYdX RENDER-USD | 1.8707 | 0 | get 0.0000% / 1h | 58m 20s | $19K | $21K | 5x |
GMX RENDER/USD [ETH-USDC]
dYdX RENDER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$76.74
- Price spread: −0.138% → 0.000%
- −$13.76
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$112.5
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; dYdX: 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 GMX no order-book sample | — | — | — | — | — |
| Sell dYdX no order-book sample | — | — | — | — | — |
GMX and dYdX: 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 | −0.0213% | 1h | 1.8710 | −0.124% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDER | −0.0061% | 4h | 1.8717 | −0.084% | $230K | $293K | — | as long as short |
| Coinbase International RENDER-PERP-INTX | −0.0040% | 1h | 1.8650 | −0.444% | $154K | $64K | 50x | as long as short |
| dYdX RENDER-USDshort | 0.0000% | 1h | 1.8707 | −0.138% | $19K | $21K | 5x | |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8740 | +0.037% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8731 | −0.009% | $270K | $164K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8748 | +0.081% | $12.5M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8720 | −0.070% | $12.1M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8750 | +0.090% | $3.2M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8706 | −0.145% | $538K | $1.0M | 50x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Coinbase International RENDER-PERP-INTX
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8720 | −0.070% | $12.1M | $10.5M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8700 | −0.177% | $5.2M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8745 | +0.063% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8720 | −0.070% | — | $4.1M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8771 | +0.202% | $45K | $268K | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8734 | +0.005% | $31K | $175K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8758 | +0.133% | $48K | $322K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8730 | −0.017% | $595K | $1.3M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC]long | L +0.0365% / S −0.0912% | 1h | 1.8733 | long leg | $16K | — | 100x | |
| Kraken Futures PF_RENDERUSD | +0.0403% | 1h | 1.8772 | +0.207% | $483K | $1.1M | 50x | as long as short |
| Phemex RENDERUSDT | +0.0574% | 8h | 1.8740 | +0.037% | $1.9M | $4.0M | 50x | as long as short |
| Hyperliquid RENDER | +0.1208% | 1h | 1.8763 | +0.162% | $4.4M | $3.4M | 5x | as long as short |
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Kraken Futures PF_RENDERUSD
Phemex RENDERUSDT
Hyperliquid RENDER