Spread before costs (cost unknown: a leg has no order-book sample)−0.327%
7d average—if it closes, per $10,000$33funding while held, a day−$77.03
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX RENDER/USD [ETH-USDC] | 1.7989 | L +0.0335% / S −0.0778% | pay 0.0042% / 1h | 7m 33s | $13K | — | 100x |
| Short | Injective RENDER/USDC PERP | 1.7930 | −0.2233 | pay 0.0279% / 1h | 7m 33s | $7K | $113K | 12x |
GMX RENDER/USD [ETH-USDC]
Injective RENDER/USDC PERPPrice 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
- −$32.74
- Funding while held
- −$77.03
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$121.79
- Spread needed to break even
- 0.120%
Slippage unknown: GMX: no order-book sample; Injective: live order book, 18 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.2568%
- Per $10,000 a day
- −$77.03
- 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 Injective live order book, 18 min ago | 22.26 bp | doesn't fit | 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.Phoenix1.7863cheapestVariational Omni1.7916+0.298%
Phoenix
Variational OmniInjective1.7930+0.375%
ApeX Omni1.7937+0.414%Bybit1.7976+0.633%Extended1.7979+0.650%KuCoin1.7980+0.655%Phemex1.7980+0.655%Deribit1.7985+0.683%
ApeX Omni
Bybit
Extended
KuCoin
Phemex
DeribitGMX1.7989+0.705%
Binance1.7990+0.711%MEXC1.7990+0.711%BingX1.7990+0.711%BloFin1.7990+0.711%Bitget1.7992+0.722%Gate1.7995+0.739%dYdX1.8000+0.767%OKX1.8000+0.767%Aster1.8000+0.769%Kraken Futures1.8010+0.822%Coinbase International1.8010+0.823%Hyperliquid1.8026+0.913%
Binance
MEXC
BingX
BloFin
Bitget
Gate
dYdX
OKX
Aster
Kraken Futures
Coinbase International
HyperliquidRENDER on 22 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix RENDER | −0.700% | 0.0000% | 1h | $38K | $476K | 5x | as long as short |
| Variational Omni RENDER | −0.404% | −0.0016% | 4h | $214K | $121K | — | as long as short |
| Injective RENDER/USDC PERPshort | −0.327% | −0.2233% | 1h | $7K | $113K | 12x | |
| ApeX Omni RENDERUSDT | −0.289% | +0.0100% | 1h | $48K | $260K | 50x | as long as short |
| Bybit RENDERUSDT | −0.072% | +0.0100% | 4h | $11.9M | $19.4M | 50x | as long as short |
| Extended RENDER-USD | −0.055% | +0.0104% | 1h | $30K | $206K | 10x | as long as short |
| KuCoin RENDERUSDTM | −0.049% | +0.0100% | 4h | $4.7M | $12.7M | 50x | as long as short |
| Phemex RENDERUSDT | −0.049% | +0.0100% | 8h | $1.9M | $4.5M | 50x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.022% | −0.0306% | 1h | $14K | $123K | 25x | as long as short |
| GMX RENDER/USD [ETH-USDC]long | 0.000% | L +0.0335% / S −0.0778% | 1h | $13K | — | 100x |
Show all 22 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance RENDERUSDT | +0.006% | +0.0100% | 4h | $11.7M | $62.0M | 75x | as long as short |
| MEXC RENDER_USDT | +0.006% | +0.0100% | 4h | $11.4M | $11.6M | 200x | as long as short |
| BingX RENDER-USDT | +0.006% | +0.0100% | 4h | — | $4.3M | — | as long as short |
| BloFin RENDER-USDT | +0.006% | +0.0340% | 4h | $590K | $1.5M | 90x | as long as short |
| Bitget RENDERUSDT | +0.017% | +0.0100% | 4h | $9.7M | $12.7M | 50x | as long as short |
| Gate RENDER_USDT | +0.034% | +0.0100% | 4h | $517K | $1.4M | 50x | as long as short |
| dYdX RENDER-USD | +0.062% | 0.0000% | 1h | $18K | $25K | 5x | as long as short |
| OKX RENDER-USDT-SWAP | +0.062% | +0.0100% | 4h | $3.1M | $12.1M | 20x | as long as short |
| Aster RENDERUSDT | +0.064% | +0.0100% | 4h | $257K | $224K | 20x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.117% | +0.0307% | 1h | $466K | $1.5M | 50x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.117% | +0.0256% | 1h | $155K | $80K | 50x | as long as short |
| Hyperliquid RENDER | +0.206% | +0.0338% | 1h | $3.8M | $4.5M | 5x | as long as short |