Funding you earn now, next payment 07:00 UTC+0.0020%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.077%
Price spread now: GMX against ApeX Omni−0.716%68s7-day average +0.166% · 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)+0.293%+$29 on $10k
+Price spread, last 4 days (all we have)+1.482%+$148 · spread now −0.716%, 7d avg +0.166%
=Funding pays, the price is against you. GMX is 0.882% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.716% now, against its 7-day average of +0.166%). If the spread goes back, that is −$88 on $10k: about 5 months of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.293% in total) that is about 10 days. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZECUSDT | 1,485 | 0.0100 | pay 0.0013% / 1h | 36m 23s | $409K | $934K | 50x |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,474.4 | L +0.0128% / S −0.0120% | get 0.0015% / 1h | 36m 23s | $427K | — | 100x |
ApeX Omni ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against ApeX Omni. 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
- $4.11
- Price spread: −0.716% → +0.166%
- −$88.2
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$106.09
- Costs to cover
- 0.220%
- Break-even
- 187.5 days
Slippage unknown: ApeX Omni: live order book, 8 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 ApeX Omni live order book, 8 min ago | 4.76 bp | 10.5 bp −$11 | 32.7 bp −$327 | 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.
ZEC on 51 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 ZEC/USDC PERP | −0.3684% | 1h | 1,477.1 | −0.534% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0125% | 8h | 1,476.2 | −0.593% | $30.4M | $73.6M | 75x | as long as short |
| Bulk ZEC-USD | −0.0118% | 1h | 1,480.8 | −0.284% | $895K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,476 | −0.606% | $17.9M | $47.1M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,476.4 | −0.582% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,475 | −0.673% | $410K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,477.9 | −0.480% | $1.5M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,474.1 | −0.739% | $64K | $301K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.7 | −0.695% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0076% | 8h | 1,474.5 | −0.712% | $297K | $1.1M | 20x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Bulk ZEC-USD
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,475 | −0.679% | $161K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,474.5 | −0.707% | $13K | $866K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,475 | −0.679% | $2.7M | $7.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.1 | −0.735% | $13.8M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.3 | −0.656% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.6 | −0.700% | $687.3M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,474.3 | −0.722% | $265.1M | $631.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,474.4 | −0.714% | $178.5M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,481.9 | −0.211% | $403K | $510K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,474.7 | −0.698% | $54.0M | $182.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.8 | −0.692% | $232.8M | $781.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.7 | −0.700% | $100.9M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.5 | −0.711% | $158.8M | $288.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,474.9 | −0.686% | — | $115.2M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,476.6 | −0.572% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,484.9 | −0.011% | $48.5M | $33.9M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,479 | −0.408% | $565K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,484.3 | −0.049% | $3.0M | $488K | 10x | as long as short |
| ApeX Omni ZECUSDTlong | +0.0100% | 1h | 1,485 | long leg | $409K | $934K | 50x | |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.7 | −0.563% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474.2 | −0.730% | $356K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.8 | −0.690% | $162K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,478 | −0.475% | $451K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,478.3 | −0.456% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,476 | −0.609% | $251K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475.8 | −0.620% | $2.6M | $19.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,476.5 | −0.572% | $3.9M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,475.5 | −0.641% | $61K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.9 | −0.685% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,476.1 | −0.602% | $42K | $152K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | L +0.0128% / S −0.0120% | 1h | 1,474.4 | −0.716% | $427K | — | 100x | |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,474.7 | −0.695% | $922K | $1.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0129% | 1h | 1,479.5 | −0.371% | $47K | $64K | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,478.6 | −0.432% | $4.7M | $1.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0144% | 1h | 1,475.5 | −0.643% | $8K | $7K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0172% | 1h | 1,476.8 | −0.554% | $674K | $1.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,477.1 | −0.533% | $636K | $8.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0222% | 1h | 1,476.1 | −0.602% | $766.9M | $441.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0264% | 1h | 1,476.6 | −0.568% | $2.1M | $7.4M | 10x | as long as short |
| Lighter ZEC | +0.0288% | 1h | 1,476.9 | −0.548% | $19.4M | $45.7M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,477.8 | −0.486% | $3.6M | $10.0M | 50x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Aftermath Perps ZECUSD
Phoenix ZEC
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Hyperliquid ZEC
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX