Funding you earn now, next payment 00:00 UTC−0.0191%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h −0.071%
Price spread now: Pacifica against GMX−0.089%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 −$6 a day on $10k at the current rate, and Pacifica is 0.089% cheaper against GMX than usual: you would sell low and buy high (−$9 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] | 1.1770 | L +0.0291% / S −0.2341% | pay 0.0036% / 1h | 7m 47s | $3K | — | 100x |
| Short | Pacifica ZRO | 1.1760 | 0.0100 | get 0.0013% / 1h | 7m 47s | $136K | $173K | 5x |
GMX ZRO/USD [ETH-USDC]
Pacifica ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$40.21
- Price spread: −0.089% → 0.000%
- −$8.85
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$69.07
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Pacifica: 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 Pacifica live order book, 5 min ago | 6.39 bp | 17.7 bp −$18 | 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 | −0.0240% | 1h | 1.1765 | −0.043% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1768 | −0.021% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0096% | 1h | 1.1754 | −0.141% | $21K | $3K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1765 | −0.042% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1765 | −0.046% | $37.3M | $6.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1775 | +0.035% | $157K | $153K | 10x | as long as short |
| Pacifica ZROshort | +0.0100% | 1h | 1.1760 | −0.089% | $136K | $173K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1750 | −0.174% | $22.1M | $30.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1756 | −0.123% | $17.9M | $14.4M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1758 | −0.106% | $3.2M | $8.1M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1760 | −0.089% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1761 | −0.080% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1757 | −0.114% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1763 | −0.063% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1761 | −0.080% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1772 | +0.013% | $98K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1719 | −0.439% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.343% | $37K | $687K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1773 | +0.022% | $94K | $823K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1768 | −0.023% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0133% | 1h | 1.1778 | +0.063% | $253K | $419K | 25x | as long as short |
| BloFin ZRO-USDT | +0.0134% | 4h | 1.1740 | −0.258% | $1.1M | $256K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0291% / S −0.2341% | 1h | 1.1770 | long leg | $3K | — | 100x | |
| Nado ZRO-PERP | +0.0305% | 1h | 1.1762 | −0.073% | $1.3M | $124K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1790 | +0.166% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1936% | 1h | 1.1760 | −0.090% | $784K | $589K | 10x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
BloFin ZRO-USDT
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD