Funding you earn now, next payment 00:00 UTC−0.0191%/8h= −21.0% APRpaid last 24h −0.071%
Price spread now: Binance against GMX−0.033%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 −$6 a day on $10k at the current rate, and Binance is 0.033% cheaper against GMX than usual: you would sell low and buy high (−$3 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 ZRO/USD [ETH-USDC] | 1.1784 | L +0.0291% / S −0.2341% | pay 0.0036% / 1h | 4m 06s | $3K | — | 100x |
| Short | Binance ZROUSDT | 1.1780 | 0.0100 | get 0.0050% / 4h | 4m 06s | $22.1M | $30.7M | 75x |
GMX ZRO/USD [ETH-USDC]
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$40.21
- Price spread: −0.033% → 0.000%
- −$3.27
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.48
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 7 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 Binance live order book, 7 min ago | 0.43 bp | 12.7 bp −$13 | 24.2 bp −$242 | 202.0 bp −$20.2K | 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.
ZRO on 26 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 | −0.0248% | 1h | 1.1779 | −0.043% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1783 | −0.008% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0089% | 1h | 1.1772 | −0.102% | $21K | $3K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0091% | 4h | 1.1737 | −0.398% | $1.1M | $256K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1785 | +0.012% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1787 | +0.026% | $37.3M | $6.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1785 | +0.007% | $157K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1775 | −0.076% | $136K | $173K | 5x | as long as short |
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1780 | −0.033% | $22.1M | $30.7M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1774 | −0.084% | $18.0M | $14.4M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1783 | −0.008% | $3.2M | $8.1M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1770 | −0.118% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1780 | −0.033% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1767 | −0.144% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1776 | −0.067% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1779 | −0.042% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1791 | +0.060% | $98K | $204K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1735 | −0.416% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1750 | −0.288% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1790 | +0.052% | $94K | $823K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1775 | −0.074% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0132% | 1h | 1.1798 | +0.120% | $253K | $419K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0291% / S −0.2341% | 1h | 1.1784 | long leg | $3K | — | 100x | |
| Nado ZRO-PERP | +0.0296% | 1h | 1.1778 | −0.052% | $1.3M | $123K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1790 | +0.052% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1880% | 1h | 1.1778 | −0.048% | $784K | $589K | 10x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD