Funding you earn now, next payment 22:00 UTC−0.0192%/8h= −21.1% APRpaid last 24h −0.073%
Price spread now: Variational Omni against GMX−0.453%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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.453% cheaper against GMX than usual: you would sell low and buy high (−$45 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] | 1.1850 | L +0.0292% / S −0.2341% | pay 0.0037% / 1h | 35m 02s | $3K | — | 100x |
| Short | Variational Omni ZRO | 1.1797 | 0.0100 | get 0.0050% / 4h | 2h 35m | $2.3M | $864K | — |
GMX ZRO/USD [ETH-USDC]
Variational Omni ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$40.41
- Price spread: −0.453% → 0.000%
- −$45.27
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$97.68
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago | 4.03 bp | doesn't fit | 48.7 bp −$487 | 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 | −0.0400% | 1h | 1.1825 | −0.216% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0056% | 4h | 1.1838 | −0.103% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1826 | −0.204% | $21K | $2K | 5x | as long as short |
| Bybit ZROUSDT | +0.0039% | 4h | 1.1827 | −0.196% | $18.1M | $15.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0043% | 4h | 1.1831 | −0.162% | $3.2M | $9.1M | 20x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1842 | −0.070% | $4.6M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1847 | −0.027% | $37.6M | $6.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1846 | −0.038% | $158K | $161K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1825 | −0.216% | $144K | $195K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1837 | −0.110% | $22.4M | $33.9M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1830 | −0.171% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1838 | −0.103% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1834 | −0.137% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1835 | −0.129% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1835 | −0.129% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1849 | −0.010% | $93K | $204K | 20x | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1797 | −0.453% | $2.3M | $864K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1830 | −0.171% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1842 | −0.069% | $87K | $990K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1831 | −0.158% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0125% | 4h | 1.1837 | −0.112% | $1.1M | $266K | 75x | as long as short |
| Nado ZRO-PERP | +0.0158% | 1h | 1.1829 | −0.176% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0292% / S −0.2341% | 1h | 1.1850 | long leg | $3K | — | 100x | |
| Kraken Futures PF_ZROUSD | +0.0316% | 1h | 1.1849 | −0.014% | $251K | $577K | 25x | as long as short |
| Extended ZRO-USD | +0.0704% | 1h | 1.1834 | −0.141% | $784K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1880 | +0.251% | $12K | $145K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP