Funding you earn now, next payment 03:00 UTC−0.0497%/8h= −54.4% APRnext payment −$0.62 per $10,000 · paid last 24h +0.040%
Price spread now: GMX against Kraken Futures−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 −$15 a day on $10k at the current rate, and GMX is 0.138% cheaper against Kraken Futures 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 | Kraken Futures PF_RENDERUSD | 1.8985 | 0.1409 | pay 0.0176% / 1h | 33m 38s | $491K | $1.1M | 50x |
| Short | GMX RENDER/USD [ETH-USDC] | 1.8959 | L +0.0369% / S −0.0912% | get 0.0114% / 1h | 33m 38s | $16K | — | 100x |
Kraken Futures PF_RENDERUSD
GMX RENDER/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kraken Futures. 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
- −$104.35
- Price spread: −0.138% → 0.000%
- −$13.8
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$140.16
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 5 min ago; GMX: 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 Kraken Futures live order book, 5 min ago | 14.08 bp | 35.5 bp −$36 | 70.6 bp −$706 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX RENDER-USD | 0.0000% | 1h | 1.8996 | +0.061% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8949 | −0.189% | $11K | $30K | 25x | as long as short |
| Injective RENDER/USDC PERP | +0.0036% | 1h | 1.8870 | −0.605% | $6K | $188K | 12x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.9030 | +0.236% | $12.7M | $46.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.9020 | +0.185% | $12.1M | $12.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.9030 | +0.238% | $3.2M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.9003 | +0.096% | $608K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8990 | +0.027% | $11.4M | $10.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.9040 | +0.291% | $5.2M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.9033 | +0.254% | $10.4M | $10.5M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Injective RENDER/USDC PERP
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.9010 | +0.133% | — | $3.5M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8841 | −0.756% | $232K | $276K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8889 | −0.505% | $43K | $254K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8970 | −0.078% | $1.9M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.9006 | +0.111% | $28K | $198K | 10x | as long as short |
| Aster RENDERUSDT | +0.0169% | 4h | 1.8975 | −0.051% | $275K | $140K | 20x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8873 | −0.589% | $48K | $246K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8880 | −0.552% | $581K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC]short | L +0.0369% / S −0.0912% | 1h | 1.8959 | −0.138% | $16K | — | 100x | |
| Coinbase International RENDER-PERP-INTX | +0.0456% | 1h | 1.9030 | +0.238% | $156K | $58K | 50x | as long as short |
| Hyperliquid RENDER | +0.0954% | 1h | 1.9003 | +0.096% | $4.3M | $3.2M | 5x | as long as short |
| Kraken Futures PF_RENDERUSDlong | +0.1409% | 1h | 1.8985 | long leg | $491K | $1.1M | 50x |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
Hyperliquid RENDER