Funding you earn now, next payment 22:00 UTC+0.2241%/8h= +245.4% APRpaid last 24h +1.076%
Price spread now: GMX against Variational Omni+0.572%7-day average — · you sell dearer than you buy
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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and GMX is 0.572% dearer against Variational Omni than usual: you sell high and buy low: +$57 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZRO | 1.1715 | 0.0100 | pay 0.0050% / 4h | 2h 45m | $2.2M | $893K | — |
| Short | GMX ZRO/USD [ETH-USDC] | 1.1782 | L +0.0292% / S −0.2341% | get 0.0293% / 1h | 45m 36s | $3K | — | 100x |
Variational Omni ZRO
GMX ZRO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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: +0.572% → 0.000%
- $57.2
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $515.85
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago | 4.47 bp | doesn't fit | 48.0 bp −$480 | 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 | −0.0320% | 1h | 1.1764 | +0.419% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0042% | 4h | 1.1780 | +0.554% | $21K | $7K | 10x | as long as short |
| Bybit ZROUSDT | −0.0042% | 4h | 1.1767 | +0.443% | $18.1M | $16.2M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1779 | +0.542% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0014% | 4h | 1.1775 | +0.512% | $3.2M | $9.2M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0077% | 4h | 1.1776 | +0.520% | $1.1M | $265K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1789 | +0.631% | $4.6M | $1.2M | 5x | as long as short |
| Variational Omni ZROlong | +0.0100% | 4h | 1.1715 | long leg | $2.2M | $893K | — | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1794 | +0.674% | $37.5M | $7.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1789 | +0.628% | $157K | $162K | 10x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Bybit ZROUSDT
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ZRO | +0.0100% | 1h | 1.1774 | +0.504% | $143K | $197K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1773 | +0.495% | $22.3M | $34.1M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1780 | +0.554% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1777 | +0.529% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1770 | +0.469% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1775 | +0.512% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1773 | +0.495% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1782 | +0.571% | $92K | $206K | 20x | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | +0.128% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1777 | +0.529% | $86K | $996K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1772 | +0.486% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0200% | 1h | 1.1772 | +0.482% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]short | L +0.0292% / S −0.2341% | 1h | 1.1782 | +0.572% | $3K | — | 100x | |
| Kraken Futures PF_ZROUSD | +0.0318% | 1h | 1.1788 | +0.619% | $249K | $576K | 25x | as long as short |
| Extended ZRO-USD | +0.1032% | 1h | 1.1774 | +0.507% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1830 | +0.981% | $12K | $145K | 12x | as long as short |
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP