Funding you earn now, next payment 23:00 UTC+0.1362%/8h= +149.1% APRnext payment +$1.70 per $10,000 · paid last 24h +0.973%
Price spread now: GMX against Injective−0.429%57s7-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—needs both histories
Funding pays, the price is against you. GMX is 0.429% cheaper against Injective than usual: you would sell low and buy high (spread −0.429% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$43 on $10k: about 25 hours of funding at the current rate (+$41 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ZRO/USDC PERP | 1.1900 | 0.0980 | pay 0.0122% / 1h | 37m 44s | $12K | $218K | 12x |
| Short | GMX ZRO/USD [ETH-USDC] | 1.1849 | L +0.0292% / S −0.2341% | get 0.0293% / 1h | 37m 44s | $3K | — | 100x |
Injective ZRO/USDC PERP
GMX ZRO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Injective. 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
- $285.94
- Price spread: −0.429% → 0.000%
- −$42.89
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $231.03
- Costs to cover
- 0.120%
- Break-even
- 1.3 days
Slippage unknown: Injective: live order book, 46 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 Injective live order book, 46 min ago | 33.73 bp | 33.7 bp −$34 | 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 | −0.0568% | 1h | 1.1834 | −0.554% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0050% | 4h | 1.1845 | −0.462% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1851 | −0.414% | $251K | $552K | 25x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1838 | −0.519% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1853 | −0.395% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1850 | −0.420% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1838 | −0.519% | $138K | $182K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1834 | −0.553% | $22.2M | $31.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1829 | −0.597% | $18.1M | $14.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1841 | −0.496% | $3.2M | $8.5M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
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 | 1.1840 | −0.504% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1837 | −0.529% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1845 | −0.462% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1842 | −0.487% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1837 | −0.529% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1845 | −0.462% | $100K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1830 | −0.587% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1830 | −0.588% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1850 | −0.420% | $89K | $904K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1840 | −0.504% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0106% | 4h | 1.1834 | −0.555% | $1.1M | $263K | 75x | as long as short |
| dYdX ZRO-USD | +0.0147% | 1h | 1.1840 | −0.500% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0161% | 1h | 1.1842 | −0.487% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]short | L +0.0292% / S −0.2341% | 1h | 1.1849 | −0.429% | $3K | — | 100x | |
| Injective ZRO/USDC PERPlong | +0.0980% | 1h | 1.1900 | long leg | $12K | $218K | 12x | |
| Extended ZRO-USD | +0.2480% | 1h | 1.1836 | −0.540% | $784K | $541K | 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
BloFin ZRO-USDT
dYdX ZRO-USD
Nado ZRO-PERP
Extended ZRO-USD