Funding you earn now, next payment 07:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.060%
Price spread now: Gate against GMX−0.100%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 Gate is 0.100% cheaper against GMX than usual: you would sell low and buy high (−$10 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] | 1.1712 | L +0.0293% / S −0.2341% | pay 0.0037% / 1h | 42m 48s | $3K | — | 100x |
| Short | Gate ZRO_USDT | 1.1700 | 0.0100 | get 0.0050% / 4h | 1h 42m | $1.3M | $1.4M | 75x |
GMX ZRO/USD [ETH-USDC]
Gate ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$40.45
- Price spread: −0.100% → 0.000%
- −$10.04
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$77.5
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago | 8.57 bp | 27.1 bp −$27 | 62.5 bp −$625 | 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 | −0.0032% | 1h | 1.1716 | +0.035% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | +0.0065% | 1h | 1.1698 | −0.117% | $21K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0086% | 4h | 1.1706 | −0.049% | $1.0M | $202K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0090% | 4h | 1.1701 | −0.092% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1707 | −0.038% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1694 | −0.152% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1697 | −0.127% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1687 | −0.210% | $138K | $174K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1687 | −0.209% | $21.8M | $29.3M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1690 | −0.186% | $17.9M | $13.5M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
BloFin ZRO-USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
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 | 1.1685 | −0.228% | $3.2M | $7.7M | 20x | as long as short |
| Gate ZRO_USDTshort | +0.0100% | 4h | 1.1700 | −0.100% | $1.3M | $1.4M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1684 | −0.237% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1690 | −0.186% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1694 | −0.152% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1691 | −0.177% | — | $16.6M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1666 | −0.387% | $2.3M | $812K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1710 | −0.015% | $39K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1714 | +0.019% | $99K | $819K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1700 | −0.100% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0111% | 1h | 1.1705 | −0.058% | $95K | $220K | 20x | as long as short |
| Nado ZRO-PERP | +0.0198% | 1h | 1.1712 | +0.005% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0293% / S −0.2341% | 1h | 1.1712 | long leg | $3K | — | 100x | |
| Kraken Futures PF_ZROUSD | +0.0514% | 1h | 1.1706 | −0.046% | $254K | $307K | 25x | as long as short |
| Extended ZRO-USD | +0.0728% | 1h | 1.1699 | −0.110% | $799K | $626K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1317% | 1h | 1.1750 | +0.327% | $12K | $261K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Backpack ZRO_USDC_PERP
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP