Funding you earn now, next payment 00:00 UTC+0.1708%/8h= +187.1% APRnext payment +$2.14 per $10,000 · paid last 24h +0.010%
Price spread now: Extended against GMX−0.022%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
=Funding pays, the price is against you. Extended is 0.022% cheaper against GMX than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$51 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZRO/USD [ETH-USDC] | 1.1853 | L +0.0292% / S −0.2341% | pay 0.0036% / 1h | 52m 38s | $3K | — | 100x |
| Short | Extended ZRO-USD | 1.1851 | 0.2000 | get 0.0250% / 1h | 52m 38s | $784K | $558K | 10x |
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $358.76
- Price spread: −0.022% → 0.000%
- −$2.18
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $339.57
- Costs to cover
- 0.170%
- Break-even
- 0.4 days
Slippage unknown: GMX: no order-book sample; Extended: live order book, 25 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 Extended live order book, 25 min ago | 13.07 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | 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 | −0.0168% | 1h | 1.1842 | −0.092% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0016% | 4h | 1.1855 | +0.016% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0058% | 4h | 1.1858 | +0.041% | $1.1M | $258K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1858 | +0.043% | $4.4M | $1.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1863 | +0.080% | $159K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1852 | −0.009% | $138K | $181K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1849 | −0.033% | $22.2M | $31.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1843 | −0.086% | $18.1M | $14.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1854 | +0.007% | $3.2M | $8.3M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1860 | +0.058% | $1.4M | $1.8M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1849 | −0.035% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1862 | +0.075% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1858 | +0.041% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1851 | −0.018% | — | $10.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1854 | +0.011% | $2.3M | $850K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1870 | +0.142% | $37K | $687K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1864 | +0.092% | $89K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1855 | +0.016% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0132% | 1h | 1.1872 | +0.159% | $255K | $434K | 25x | as long as short |
| dYdX ZRO-USD | +0.0150% | 1h | 1.1858 | +0.040% | $21K | $2K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0184% | 1h | 1.1863 | +0.083% | $101K | $207K | 20x | as long as short |
| Hyperliquid ZRO | +0.0218% | 1h | 1.1865 | +0.100% | $37.7M | $6.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0281% | 1h | 1.1854 | +0.005% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0292% / S −0.2341% | 1h | 1.1853 | long leg | $3K | — | 100x | |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1920 | +0.564% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USDshort | +0.2000% | 1h | 1.1851 | −0.022% | $784K | $558K | 10x |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
Hyperliquid ZRO
Nado ZRO-PERP
Injective ZRO/USDC PERP