ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0535%/8h= −58.5% APRnext payment −$0.67 per $10,000 · paid last 24h −0.127%

Price spread now: 01 Exchange against GMX+0.102%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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. 01 Exchange is 0.102% dearer against GMX than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ZRO/USD [ETH-USDC]	1.1979	L +0.0295% / S −0.2341%	pay 0.0037% / 1h	14m 00s	$3K	—	100x
Short	01 Exchange ZROUSD	1.1991	−0.0240	pay 0.0030% / 1h	14m 00s	$4K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee 01 ExchangebpOrdersPrice spread, now +0.102%Rate

Funding earned: −$112.27
Price spread: +0.102% → 0.000%: $10.15
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$121.12
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample	—	—	—	—	—

GMX and 01 Exchange: 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 ZROUSDshort	−0.0240%	1h	1.1991	+0.102%	$4K	$5K	5x
dYdX ZRO-USD	0.0000%	1h	1.2001	+0.179%	$22K	$5K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0063%	4h	1.1988	+0.073%	$21K	$4K	10x	as long as short
BloFin ZRO-USDT	+0.0065%	4h	1.1994	+0.123%	$1.1M	$201K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1996	+0.137%	$4.5M	$1.2M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1981	+0.015%	$37.9M	$5.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1991	+0.099%	$162K	$148K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1997	+0.148%	$138K	$163K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1973	−0.055%	$22.5M	$28.8M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1986	+0.056%	$18.3M	$12.7M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1972	−0.060%	$3.2M	$7.9M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1980	+0.006%	$1.4M	$1.3M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1970	−0.077%	$9.5M	$2.9M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1991	+0.098%	$2.5M	$2.2M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1981	+0.015%	$2.8M	$2.3M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1980	+0.006%	—	$21.6M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1984	+0.042%	$2.3M	$741K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1990	+0.090%	$40K	$669K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.2005	+0.215%	$102K	$793K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1980	+0.006%	$21K	—	3x	as long as short
Nado ZRO-PERP	+0.0114%	1h	1.1994	+0.120%	$1.4M	$120K	5x	as long as short
GMX ZRO/USD [ETH-USDC]long	L +0.0295% / S −0.2341%	1h	1.1979	long leg	$3K	—	100x
Extended ZRO-USD	+0.0400%	1h	1.1967	−0.100%	$818K	$646K	10x	as long as short
Kraken Futures PF_ZROUSD	+0.0547%	1h	1.1985	+0.047%	$273K	$294K	25x	as long as short
Backpack ZRO_USDC_PERP	+0.0572%	1h	1.1987	+0.065%	$96K	$219K	20x	as long as short
Injective ZRO/USDC PERP	+0.1160%	1h	1.2040	+0.507%	$13K	$258K	12x	as long as short