ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h −0.034%

Price spread now: Hyperliquid against GMX+0.092%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.092% dearer against GMX than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ZRO/USD [ETH-USDC]	1.1654	L +0.0292% / S −0.2341%	pay 0.0036% / 1h	9m 13s	$3K	—	100x
Short	Hyperliquid ZRO	1.1665	0.0100	get 0.0013% / 1h	9m 13s	$36.9M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee HyperliquidbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$40.22
Price spread: +0.092% → 0.000%: $9.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$51.98
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 4 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 Hyperliquid live order book, 4 min ago	0.85 bp	12.3 bp −$12	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 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	1.1634	−0.173%	$7K	$3K	5x	as long as short
Bybit ZROUSDT	−0.0045%	4h	1.1634	−0.174%	$17.8M	$13.9M	50x	as long as short
dYdX ZRO-USD	+0.0003%	1h	1.1661	+0.057%	$21K	$3K	5x	as long as short
Gate ZRO_USDT	+0.0006%	4h	1.1640	−0.122%	$1.3M	$1.5M	75x	as long as short
Orderly PERP_ZRO_USDC	+0.0031%	4h	1.1651	−0.028%	$20K	$5K	10x	as long as short
Lighter ZRO	+0.0096%	1h	1.1670	+0.134%	$4.3M	$1.2M	5x	as long as short
Hyperliquid ZROshort	+0.0100%	1h	1.1665	+0.092%	$36.9M	$5.4M	5x
Aster ZROUSDT	+0.0100%	4h	1.1659	+0.044%	$157K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1656	+0.019%	$136K	$167K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1646	−0.068%	$21.8M	$29.7M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1651	−0.028%	$3.2M	$7.9M	20x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1650	−0.036%	$19.0M	$2.8M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1659	+0.041%	$2.3M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1651	−0.028%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1647	−0.062%	—	$16.5M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1655	+0.007%	$96K	$211K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1662	+0.071%	$2.3M	$815K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1680	+0.221%	$39K	$674K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1656	+0.015%	$91K	$838K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1645	−0.076%	$21K	—	3x	as long as short
Nado ZRO-PERP	+0.0231%	1h	1.1654	−0.003%	$1.3M	$124K	5x	as long as short
GMX ZRO/USD [ETH-USDC]long	L +0.0292% / S −0.2341%	1h	1.1654	long leg	$3K	—	100x
Kraken Futures PF_ZROUSD	+0.0373%	1h	1.1669	+0.123%	$250K	$400K	25x	as long as short
Extended ZRO-USD	+0.0976%	1h	1.1652	−0.021%	$780K	$591K	10x	as long as short
Injective ZRO/USDC PERP	+0.1213%	1h	1.1730	+0.650%	$12K	$260K	12x	as long as short