Funding you earn now, next payment 03:00 UTC−0.0192%/8h= −21.1% APRpaid last 24h −0.066%
Price spread now: MEXC against GMX−0.042%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 MEXC is 0.042% cheaper against GMX than usual: you would sell low and buy high (−$4 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] | 1.1742 | L +0.0292% / S −0.2341% | pay 0.0037% / 1h | 36m 16s | $3K | — | 100x |
| Short | MEXC ZRO_USDT | 1.1737 | 0.0100 | get 0.0050% / 4h | 1h 36m | $19.1M | $2.7M | 125x |
GMX ZRO/USD [ETH-USDC]
MEXC ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$40.38
- Price spread: −0.042% → 0.000%
- −$4.25
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$56.63
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 0.43 bp | 5.3 bp −$5 | 44.0 bp −$440 | 84.8 bp −$8,480 | 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 | −0.0528% | 1h | 1.1710 | −0.268% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.0013% | 4h | 1.1734 | −0.068% | $17.9M | $14.1M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1708 | −0.287% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0032% | 4h | 1.1710 | −0.272% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1738 | −0.034% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1756 | +0.120% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1740 | −0.017% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1729 | −0.113% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1707 | −0.300% | $136K | $175K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1738 | −0.033% | $22.0M | $29.9M | 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 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1742 | 0.000% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDTshort | +0.0100% | 4h | 1.1737 | −0.042% | $19.1M | $2.7M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1729 | −0.111% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1733 | −0.077% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1726 | −0.136% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1706 | −0.307% | $95K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1694 | −0.407% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1680 | −0.528% | $39K | $674K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1724 | −0.153% | $100K | $850K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1725 | −0.142% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0113% | 4h | 1.1700 | −0.358% | $1.1M | $249K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0197% | 1h | 1.1751 | +0.077% | $258K | $407K | 25x | as long as short |
| Nado ZRO-PERP | +0.0201% | 1h | 1.1711 | −0.265% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0292% / S −0.2341% | 1h | 1.1742 | long leg | $3K | — | 100x | |
| Extended ZRO-USD | +0.0584% | 1h | 1.1740 | −0.017% | $784K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1730 | −0.102% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
Extended ZRO-USD
Injective ZRO/USDC PERP