Funding you earn now, next payment 23:00 UTC−0.0262%/8h= −28.7% APRpaid last 24h −0.050%
Price spread now: KuCoin against GMX−0.133%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 −$8 a day on $10k at the current rate, and KuCoin is 0.133% cheaper against GMX than usual: you would sell low and buy high (−$13 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] | 1.8414 | L +0.0362% / S −0.0912% | pay 0.0045% / 1h | 25m 47s | $15K | — | 100x |
| Short | KuCoin RENDERUSDTM | 1.8390 | 0.0100 | get 0.0050% / 4h | 1h 25m | $5.0M | $12.8M | 50x |
GMX RENDER/USD [ETH-USDC]
KuCoin RENDERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$55.12
- Price spread: −0.133% → 0.000%
- −$13.27
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$92.38
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago | 2.72 bp | 14.1 bp −$14 | 50.2 bp −$502 | 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 | −0.0576% | 1h | 1.8380 | −0.187% | $6K | $187K | 12x | as long as short |
| Variational Omni RENDER | −0.0300% | 4h | 1.8383 | −0.172% | $221K | $296K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8424 | +0.051% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8413 | −0.008% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8425 | +0.056% | $263K | $173K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8420 | +0.029% | $12.2M | $48.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8400 | −0.078% | $12.0M | $13.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8420 | +0.030% | $3.1M | $8.4M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8409 | −0.029% | $536K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8400 | −0.078% | $11.8M | $10.5M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTMshort | +0.0100% | 4h | 1.8390 | −0.133% | $5.0M | $12.8M | 50x | |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8418 | +0.019% | $9.9M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8420 | +0.030% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8403 | −0.062% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8410 | −0.024% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8397 | −0.095% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0131% | 1h | 1.8419 | +0.025% | $40K | $325K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8400 | −0.078% | $593K | $1.3M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8670 | +1.388% | $154K | $67K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC]long | L +0.0362% / S −0.0912% | 1h | 1.8414 | long leg | $15K | — | 100x | |
| Kraken Futures PF_RENDERUSD | +0.0580% | 1h | 1.8435 | +0.111% | $466K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0629% | 1h | 1.8452 | +0.204% | $4.2M | $3.6M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER