Funding you earn now, next payment 02:00 UTC+0.2241%/8h= +245.4% APRpaid last 24h +0.963%
Price spread now: GMX against Bitget+0.020%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$67 a day on $10k at the current rate, and GMX is 0.020% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZROUSDT | 1.1667 | 0.0100 | pay 0.0050% / 4h | 2h 06m | $2.7M | $2.4M | 75x |
| Short | GMX ZRO/USD [ETH-USDC] | 1.1669 | L +0.0292% / S −0.2341% | get 0.0293% / 1h | 6m 53s | $3K | — | 100x |
Bitget ZROUSDT
GMX ZRO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bitget. 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
- $470.65
- Price spread: +0.020% → 0.000%
- $2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $448.69
- Costs to cover
- 0.240%
- Break-even
- 0.3 days
Slippage unknown: Bitget: live order book, 6 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 Bitget live order book, 6 min ago | 3.85 bp | 18.0 bp −$18 | 39.0 bp −$390 | 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.
ZRO on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0224% | 1h | 1.1665 | −0.018% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.0022% | 4h | 1.1657 | −0.086% | $17.9M | $13.9M | 50x | as long as short |
| dYdX ZRO-USD | +0.0003% | 1h | 1.1685 | +0.157% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0016% | 4h | 1.1650 | −0.146% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0031% | 4h | 1.1663 | −0.034% | $20K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1683 | +0.141% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1681 | +0.120% | $37.0M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1676 | +0.077% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1673 | +0.053% | $136K | $167K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1662 | −0.040% | $21.8M | $29.7M | 75x | as long as short |
01 Exchange ZROUSD
Bybit ZROUSDT
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1660 | −0.060% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1665 | −0.017% | $19.0M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1673 | +0.051% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDTlong | +0.0100% | 4h | 1.1667 | long leg | $2.7M | $2.4M | 75x | |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1656 | −0.094% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1672 | +0.043% | $98K | $212K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1662 | −0.039% | $2.3M | $815K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1660 | −0.060% | $39K | $674K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1664 | −0.026% | $91K | $836K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1660 | −0.060% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0231% | 1h | 1.1662 | −0.039% | $1.3M | $123K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]short | L +0.0292% / S −0.2341% | 1h | 1.1669 | +0.020% | $3K | — | 100x | |
| Kraken Futures PF_ZROUSD | +0.0373% | 1h | 1.1674 | +0.056% | $250K | $399K | 25x | as long as short |
| Extended ZRO-USD | +0.0976% | 1h | 1.1658 | −0.077% | $780K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1720 | +0.454% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP