Spread before costs (cost unknown: a leg has no order-book sample)−0.082%
7d average—if it closes, per $10,000$8funding while held, a day−$7.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX RENDER/USD [ETH-USDC] | 1.7642 | L +0.0333% / S −0.0778% | pay 0.0042% / 1h | 27m 53s | $13K | — | 100x |
| Short | Gate RENDER_USDT | 1.7628 | 0.0100 | get 0.0050% / 4h | 27m 53s | $508K | $1.4M | 50x |
GMX RENDER/USD [ETH-USDC]
Gate RENDER_USDTPrice 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
- −$8.2
- Funding while held
- −$7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$42.2
- Spread needed to break even
- 0.270%
Slippage unknown: GMX: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0233%
- Per $10,000 a day
- −$7.00
- 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 Gate live order book, 1 min ago | 8.80 bp | 40.8 bp −$41 | 151.1 bp −$1,511 | 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.Bybit1.7590cheapestApeX Omni1.7594+0.023%MEXC1.7600+0.057%Binance1.7602+0.069%Bitget1.7606+0.091%Variational Omni1.7613+0.133%Extended1.7616+0.151%OKX1.7620+0.171%KuCoin1.7620+0.171%BingX1.7620+0.171%Phemex1.7620+0.171%Deribit1.7623+0.188%Phoenix1.7627+0.210%
Bybit
ApeX Omni
MEXC
Binance
Bitget
Variational Omni
Extended
OKX
KuCoin
BingX
Phemex
Deribit
PhoenixGate1.7628+0.216%
Aster1.7640+0.284%Injective1.7640+0.284%
Aster
InjectiveGMX1.7642+0.298%
Kraken Futures1.7646+0.316%Hyperliquid1.7649+0.335%dYdX1.7658+0.388%BloFin1.7670+0.455%Coinbase International1.7690+0.569%
Kraken Futures
Hyperliquid
dYdX
BloFin
Coinbase InternationalRENDER on 22 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit RENDERUSDT | −0.297% | +0.0100% | 4h | $11.5M | $19.6M | 50x | as long as short |
| ApeX Omni RENDERUSDT | −0.275% | +0.0100% | 1h | $45K | $260K | 50x | as long as short |
| MEXC RENDER_USDT | −0.241% | +0.0100% | 4h | $10.2M | $12.2M | 200x | as long as short |
| Binance RENDERUSDT | −0.228% | +0.0100% | 4h | $11.3M | $63.0M | 75x | as long as short |
| Bitget RENDERUSDT | −0.207% | +0.0100% | 4h | $9.4M | $12.9M | 50x | as long as short |
| Variational Omni RENDER | −0.165% | +0.0036% | 4h | $211K | $121K | — | as long as short |
| Extended RENDER-USD | −0.147% | +0.0104% | 1h | $29K | $192K | 10x | as long as short |
| OKX RENDER-USDT-SWAP | −0.127% | +0.0100% | 4h | $3.0M | $12.0M | 20x | as long as short |
| KuCoin RENDERUSDTM | −0.127% | +0.0100% | 4h | $4.5M | $13.0M | 50x | as long as short |
| BingX RENDER-USDT | −0.127% | +0.0100% | 4h | — | $4.3M | — | as long as short |
Show all 22 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex RENDERUSDT | −0.127% | +0.0100% | 8h | $1.9M | $4.6M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.110% | −0.0430% | 1h | $10K | $127K | 25x | as long as short |
| Phoenix RENDER | −0.088% | −0.0045% | 1h | $38K | $488K | 5x | as long as short |
| Gate RENDER_USDTshort | −0.082% | +0.0100% | 4h | $508K | $1.4M | 50x | |
| Aster RENDERUSDT | −0.014% | +0.0100% | 4h | $253K | $230K | 20x | as long as short |
| Injective RENDER/USDC PERP | −0.014% | −0.2211% | 1h | $6K | $113K | 12x | as long as short |
| GMX RENDER/USD [ETH-USDC]long | 0.000% | L +0.0333% / S −0.0778% | 1h | $13K | — | 100x | |
| Kraken Futures PF_RENDERUSD | +0.017% | +0.0146% | 1h | $454K | $1.5M | 50x | as long as short |
| Hyperliquid RENDER | +0.037% | +0.0515% | 1h | $3.7M | $4.6M | 5x | as long as short |
| dYdX RENDER-USD | +0.089% | +0.1177% | 1h | $18K | $25K | 5x | as long as short |
| BloFin RENDER-USDT | +0.156% | +0.0340% | 4h | $586K | $1.5M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.269% | +0.0344% | 1h | $152K | $78K | 50x | as long as short |