Funding you earn now, next payment 01:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.049%
Price spread now: Nado against GMX−0.085%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
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.085% cheaper against GMX than usual: you would sell low and buy high (−$8 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] | 1.1802 | L +0.0292% / S −0.2341% | pay 0.0036% / 1h | 59m 13s | $3K | — | 100x |
| Short | Nado ZRO-PERP | 1.1792 | 0.0170 | get 0.0021% / 1h | 59m 13s | $1.3M | $123K | 5x |
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$25.5
- Price spread: −0.085% → 0.000%
- −$8.49
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$52.99
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Nado: 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 Nado live order book, 4 min ago | 1.27 bp | 12.2 bp −$12 | 31.8 bp −$318 | 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 | −0.0504% | 1h | 1.1773 | −0.244% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0011% | 4h | 1.1791 | −0.090% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0083% | 4h | 1.1782 | −0.166% | $1.1M | $256K | 75x | as long as short |
| dYdX ZRO-USD | +0.0085% | 1h | 1.1787 | −0.125% | $21K | $3K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1802 | +0.007% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1791 | −0.090% | $37.4M | $6.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1798 | −0.034% | $158K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1787 | −0.124% | $137K | $172K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1788 | −0.114% | $22.2M | $30.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1787 | −0.124% | $18.0M | $14.3M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
dYdX ZRO-USD
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 | 1.1788 | −0.115% | $3.2M | $8.1M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1790 | −0.098% | $1.4M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1790 | −0.098% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1785 | −0.141% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1789 | −0.107% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1792 | −0.082% | — | $10.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1767 | −0.290% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1780 | −0.183% | $37K | $687K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1801 | −0.005% | $96K | $826K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1785 | −0.143% | $21K | — | 3x | as long as short |
| Nado ZRO-PERPshort | +0.0170% | 1h | 1.1792 | −0.085% | $1.3M | $123K | 5x | |
| GMX ZRO/USD [ETH-USDC]long | L +0.0292% / S −0.2341% | 1h | 1.1802 | long leg | $3K | — | 100x | |
| Kraken Futures PF_ZROUSD | +0.0301% | 1h | 1.1806 | +0.037% | $253K | $416K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0430% | 1h | 1.1799 | −0.022% | $98K | $204K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1760 | −0.353% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1704% | 1h | 1.1788 | −0.119% | $784K | $589K | 10x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
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
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP
Extended ZRO-USD