Funding you earn now, next payment 00:00 UTC+0.2241%/8h= +245.4% APRpaid last 24h +1.090%
Price spread now: GMX against OKX−0.054%52s7-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 0.054% cheaper against OKX than usual: you would sell low and buy high (spread −0.054% 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 (+$67 a day). The two prices were read 52 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 | OKX ZRO-USDT-SWAP | 1.1777 | 0.0100 | pay 0.0050% / 4h | 1m 28s | $3.2M | $8.1M | 20x |
| Short | GMX ZRO/USD [ETH-USDC] | 1.1771 | L +0.0291% / S −0.2341% | get 0.0293% / 1h | 1m 28s | $3K | — | 100x |
OKX ZRO-USDT-SWAP
GMX ZRO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against OKX. 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
- $470.65
- Price spread: −0.054% → 0.000%
- −$5.43
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $443.22
- Costs to cover
- 0.220%
- Break-even
- 0.4 days
Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago | 3.40 bp | 18.5 bp −$19 | 98.6 bp −$986 | 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 | −0.0248% | 1h | 1.1767 | −0.082% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1771 | −0.051% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0087% | 1h | 1.1773 | −0.030% | $21K | $3K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1781 | +0.033% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1787 | +0.085% | $37.3M | $6.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1789 | +0.100% | $158K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1779 | +0.017% | $136K | $173K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1776 | −0.010% | $22.1M | $30.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1768 | −0.076% | $18.0M | $14.4M | 50x | as long as short |
| OKX ZRO-USDT-SWAPlong | +0.0100% | 4h | 1.1777 | long leg | $3.2M | $8.1M | 20x |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1770 | −0.059% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1776 | −0.008% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1766 | −0.093% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1776 | −0.008% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1773 | −0.034% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1779 | +0.017% | $98K | $204K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1735 | −0.357% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | +0.110% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1786 | +0.076% | $94K | $823K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0102% | 4h | 1.1784 | +0.059% | $1.1M | $257K | 75x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1765 | −0.103% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0133% | 1h | 1.1781 | +0.036% | $253K | $419K | 25x | as long as short |
| Nado ZRO-PERP | +0.0288% | 1h | 1.1778 | +0.011% | $1.3M | $123K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]short | L +0.0291% / S −0.2341% | 1h | 1.1771 | −0.054% | $3K | — | 100x | |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1790 | +0.110% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1840% | 1h | 1.1776 | −0.013% | $784K | $589K | 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
BloFin ZRO-USDT
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD