ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.2241%/8h= +245.4% APRnext payment +$2.80 per $10,000 · paid last 24h +1.042%

Price spread now: GMX against Hyperliquid−0.037%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.037% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 1 hour of funding at the current rate (+$67 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ZRO	1.1887	0.0100	pay 0.0013% / 1h	14m 56s	$37.7M	$6.7M	5x
Short	GMX ZRO/USD [ETH-USDC]	1.1883	L +0.0292% / S −0.2341%	get 0.0293% / 1h	14m 56s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $470.65
Price spread: −0.037% → 0.000%: −$3.74
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $445.91
Costs to cover: 0.210%
Break-even: 0.4 days

Slippage unknown: Hyperliquid: live order book, 8 min ago; GMX: 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 Hyperliquid live order book, 8 min ago	0.84 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	1.1838	−0.416%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	−0.0048%	4h	1.1873	−0.118%	$21K	$7K	10x	as long as short
dYdX ZRO-USD	+0.0046%	1h	1.1860	−0.224%	$21K	$2K	5x	as long as short
BloFin ZRO-USDT	+0.0087%	4h	1.1868	−0.160%	$1.1M	$266K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1878	−0.074%	$4.6M	$1.4M	5x	as long as short
Hyperliquid ZROlong	+0.0100%	1h	1.1887	long leg	$37.7M	$6.7M	5x
Aster ZROUSDT	+0.0100%	4h	1.1879	−0.068%	$159K	$160K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1853	−0.285%	$143K	$193K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1874	−0.108%	$22.4M	$33.2M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1858	−0.244%	$18.2M	$15.6M	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	1.1866	−0.177%	$3.2M	$9.0M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1870	−0.143%	$1.4M	$2.0M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1877	−0.084%	$19.2M	$3.5M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1882	−0.042%	$3.0M	$1.8M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1871	−0.135%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1877	−0.084%	—	$10.9M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1881	−0.050%	$95K	$206K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1844	−0.358%	$2.3M	$861K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1860	−0.227%	$37K	$681K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1864	−0.193%	$87K	$920K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1870	−0.143%	$21K	—	3x	as long as short
Nado ZRO-PERP	+0.0158%	1h	1.1866	−0.174%	$1.3M	$131K	5x	as long as short
GMX ZRO/USD [ETH-USDC]short	L +0.0292% / S −0.2341%	1h	1.1883	−0.037%	$3K	—	100x
Kraken Futures PF_ZROUSD	+0.0315%	1h	1.1889	+0.013%	$252K	$571K	25x	as long as short
Injective ZRO/USDC PERP	+0.1237%	1h	1.1900	+0.109%	$12K	$175K	12x	as long as short
Extended ZRO-USD	+0.1864%	1h	1.1866	−0.175%	$784K	$555K	10x	as long as short