Funding you earn now, next payment 05:00 UTC−0.0193%/8h= −21.1% APRnext payment −$0.24 per $10,000 · paid last 24h −0.065%
Price spread now: Polymarket Perps against GMX+0.103%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Polymarket Perps is 0.103% dearer against GMX than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZRO/USD [ETH-USDC] | 1.1762 | L +0.0293% / S −0.2341% | pay 0.0037% / 1h | 59m 13s | $3K | — | 100x |
| Short | Polymarket Perps ZRO-USD | 1.1774 | 0.0100 | get 0.0013% / 1h | 59m 13s | $100K | $851K | 5x |
GMX ZRO/USD [ETH-USDC]
Polymarket Perps ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$40.47
- Price spread: +0.103% → 0.000%
- $10.35
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$50.13
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 19 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 Polymarket Perps live order book, 19 min ago | 1.70 bp | 9.9 bp −$10 | 12.0 bp −$120 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0044% | 1h | 1.1777 | +0.131% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0045% | 4h | 1.1766 | +0.035% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1777 | +0.126% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1775 | +0.109% | $159K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1780 | +0.155% | $137K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1755 | −0.061% | $22.1M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1752 | −0.084% | $18.0M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1757 | −0.041% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1770 | +0.069% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1756 | −0.050% | $19.3M | $2.7M | 125x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1769 | +0.061% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1765 | +0.027% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1763 | +0.010% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1755 | −0.058% | $101K | $219K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1773 | +0.094% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | +0.069% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.0100% | 1h | 1.1774 | +0.103% | $100K | $851K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1765 | +0.027% | $21K | — | 3x | as long as short |
| Hyperliquid ZRO | +0.0127% | 1h | 1.1769 | +0.065% | $37.3M | $5.5M | 5x | as long as short |
| BloFin ZRO-USDT | +0.0143% | 4h | 1.1765 | +0.027% | $1.1M | $250K | 75x | as long as short |
| Nado ZRO-PERP | +0.0151% | 1h | 1.1765 | +0.027% | $1.3M | $124K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0280% | 1h | 1.1783 | +0.183% | $7K | $3K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0293% / S −0.2341% | 1h | 1.1762 | long leg | $3K | — | 100x | |
| Kraken Futures PF_ZROUSD | +0.0461% | 1h | 1.1766 | +0.039% | $259K | $389K | 25x | as long as short |
| Extended ZRO-USD | +0.1088% | 1h | 1.1756 | −0.050% | $784K | $589K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1820 | +0.495% | $12K | $260K | 12x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
Hyperliquid ZRO
BloFin ZRO-USDT
Nado ZRO-PERP
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP