ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2142%/8h= +234.5% APRnext payment +$2.68 per $10,000 · paid last 24h +0.870%

Price spread now: GMX against Nado−0.046%7-day average — · you buy dearer than you sell

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

Long on Nado 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 airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.046% cheaper against Nado than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$64 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZRO-PERP	1.1599	0.0199	pay 0.0025% / 1h	45m 25s	$1.3M	$125K	5x
Short	GMX ZRO/USD [ETH-USDC]	1.1593	L +0.0292% / S −0.2341%	get 0.0293% / 1h	45m 25s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Nado. 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 NadobpFee GMXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $449.81
Price spread: −0.046% → 0.000%: −$4.63
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $426.19
Costs to cover: 0.190%
Break-even: 0.4 days

Slippage unknown: Nado: live order book, 3 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 Nado live order book, 3 min ago	2.16 bp	10.4 bp −$10	47.7 bp −$477	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	−0.0048%	1h	1.1602	+0.027%	$7K	$3K	5x	as long as short
dYdX ZRO-USD	+0.0003%	1h	1.1588	−0.088%	$21K	$4K	5x	as long as short
Backpack ZRO_USDC_PERP	+0.0029%	1h	1.1602	+0.029%	$97K	$196K	20x	as long as short
Orderly PERP_ZRO_USDC	+0.0037%	4h	1.1596	−0.023%	$20K	$5K	10x	as long as short
Lighter ZRO	+0.0096%	1h	1.1605	+0.056%	$4.3M	$1.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1594	−0.036%	$156K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1589	−0.087%	$134K	$178K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1589	−0.080%	$21.6M	$29.8M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1587	−0.100%	$17.7M	$13.9M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1597	−0.014%	$3.1M	$7.9M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	1.1590	−0.075%	$1.3M	$1.5M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1590	−0.075%	$19.0M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1584	−0.126%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1580	−0.161%	$2.6M	$2.6M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1589	−0.083%	—	$16.5M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1578	−0.179%	$2.2M	$811K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1580	−0.161%	$39K	$673K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1602	+0.029%	$98K	$844K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1588	−0.092%	$20K	—	3x	as long as short
BloFin ZRO-USDT	+0.0146%	4h	1.1569	−0.256%	$1.1M	$246K	75x	as long as short
Nado ZRO-PERPlong	+0.0199%	1h	1.1599	long leg	$1.3M	$125K	5x
GMX ZRO/USD [ETH-USDC]short	L +0.0292% / S −0.2341%	1h	1.1593	−0.046%	$3K	—	100x
Kraken Futures PF_ZROUSD	+0.0383%	1h	1.1608	+0.082%	$255K	$404K	25x	as long as short
Hyperliquid ZRO	+0.0510%	1h	1.1612	+0.115%	$36.8M	$5.5M	5x	as long as short
Extended ZRO-USD	+0.1128%	1h	1.1591	−0.063%	$776K	$590K	10x	as long as short
Injective ZRO/USDC PERP	+0.1186%	1h	1.1630	+0.270%	$12K	$260K	12x	as long as short