Spread before costs (cost unknown: a leg has no order-book sample)−0.028%
7d average—if it closes, per $10,000$3funding while held, a day+$22.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex RENDERUSDT | 1.7930 | 0.0013 | pay 0.0013% / 8h | 6h 35m | $1.9M | $4.1M | 50x |
| Short | GMX RENDER/USD [ETH-USDC] | 1.7925 | L +0.0335% / S −0.0778% | get 0.0097% / 1h | 35m 57s | $13K | — | 100x |
Phemex RENDERUSDT
GMX RENDER/USD [ETH-USDC]Price 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
- −$2.81
- Funding while held
- $22.95
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$3.86
- Spread needed to break even
- 0.240%
Slippage unknown: Phemex: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0765%
- Per $10,000 a day
- +$22.95
- 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 Phemex live order book, 4 min ago | 8.39 bp | 26.7 bp −$27 | 103.1 bp −$1,031 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective1.7810cheapestVariational Omni1.7836+0.146%Gate1.7900+0.505%Extended1.7917+0.603%Bybit1.7920+0.618%BingX1.7920+0.618%dYdX1.7921+0.625%Deribit1.7924+0.640%
Injective
Variational Omni
Gate
Extended
Bybit
BingX
dYdX
DeribitGMX1.7925+0.645%
Bitget1.7925+0.646%Aster1.7930+0.673%MEXC1.7930+0.674%KuCoin1.7930+0.674%
Bitget
Aster
MEXC
KuCoinPhemex1.7930+0.674%
BloFin1.7930+0.674%ApeX Omni1.7934+0.696%Phoenix1.7939+0.724%Binance1.7940+0.730%OKX1.7940+0.730%Kraken Futures1.7950+0.788%Coinbase International1.7960+0.842%Hyperliquid1.7973+0.915%
BloFin
ApeX Omni
Phoenix
Binance
OKX
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 | |
|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.669% | −0.2464% | 1h | $6K | $79K | 12x | as long as short |
| Variational Omni RENDER | −0.524% | −0.0051% | 4h | $291K | $169K | — | as long as short |
| Gate RENDER_USDT | −0.167% | −0.0130% | 4h | $529K | $1.1M | 50x | as long as short |
| Extended RENDER-USD | −0.070% | +0.0104% | 1h | $30K | $179K | 10x | as long as short |
| Bybit RENDERUSDT | −0.056% | +0.0100% | 4h | $11.8M | $15.1M | 50x | as long as short |
| BingX RENDER-USDT | −0.056% | +0.0100% | 4h | — | $4.1M | — | as long as short |
| dYdX RENDER-USD | −0.049% | 0.0000% | 1h | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.033% | −0.0029% | 1h | $10K | $127K | 25x | as long as short |
| GMX RENDER/USD [ETH-USDC]short | −0.028% | L +0.0335% / S −0.0778% | 1h | $13K | — | 100x | |
| Bitget RENDERUSDT | −0.028% | +0.0100% | 4h | $9.5M | $10.8M | 50x | as long as short |
Show all 22 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster RENDERUSDT | −0.001% | +0.0100% | 4h | $259K | $181K | 20x | as long as short |
| MEXC RENDER_USDT | 0.000% | +0.0100% | 4h | $11.0M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | 0.000% | +0.0100% | 4h | $4.5M | $12.6M | 50x | as long as short |
| Phemex RENDERUSDTlong | 0.000% | +0.0013% | 8h | $1.9M | $4.1M | 50x | |
| BloFin RENDER-USDT | 0.000% | +0.0340% | 4h | $587K | $1.4M | 90x | as long as short |
| ApeX Omni RENDERUSDT | +0.022% | +0.0100% | 1h | $46K | $258K | 50x | as long as short |
| Phoenix RENDER | +0.050% | +0.0044% | 1h | $39K | $400K | 5x | as long as short |
| Binance RENDERUSDT | +0.056% | +0.0100% | 4h | $11.7M | $50.0M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.056% | +0.0100% | 4h | $3.1M | $9.0M | 20x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.114% | +0.0057% | 1h | $464K | $1.1M | 50x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.167% | +0.0408% | 1h | $154K | $54K | 50x | as long as short |
| Hyperliquid RENDER | +0.240% | +0.0793% | 1h | $4.0M | $4.2M | 5x | as long as short |