Funding you earn now, next payment 08:00 UTC−0.0131%/8h= −14.4% APRpaid last 24h −0.036%
Price spread now: Binance against GMX+0.127%160s7-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—needs both histories
The price spread pays, funding is against you. Binance is 0.127% dearer against GMX than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.2 days. The two prices were read 160 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 | GMX ZORA/USD [ETH-USDC] | 0.008502 | L +0.0231% / S −0.0433% | pay 0.0029% / 1h | 12m 44s | $1K | — | 100x |
| Short | Binance ZORAUSDT | 0.008513 | 0.0100 | get 0.0050% / 4h | 12m 44s | $2.5M | $4.5M | 50x |
GMX ZORA/USD [ETH-USDC]
Binance ZORAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GMX. 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
- −$27.53
- Price spread: +0.127% → 0.000%
- $12.68
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$36.86
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 9 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 9 min ago | 1.76 bp | 24.6 bp −$25 | 107.8 bp −$1,078 | doesn't fit | doesn't fit |
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.
ZORA on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZORA-USD | 0.0000% | 1h | 0.008513 | +0.129% | $294 | $19 | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008506 | +0.047% | — | $6.5M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008498 | −0.047% | $23K | $22K | 3x | as long as short |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008514 | +0.141% | $26K | $15K | 5x | as long as short |
| Binance ZORAUSDTshort | +0.0100% | 4h | 0.008513 | +0.127% | $2.5M | $4.5M | 50x | |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008499 | −0.035% | $2.4M | $1.7M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008503 | +0.012% | $763K | $1.0M | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008510 | +0.094% | $156K | $89K | 25x | as long as short |
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008510 | +0.094% | $9.9M | $230K | 50x | as long as short |
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008515 | +0.153% | $750K | $1.6M | 30x | as long as short |
dYdX ZORA-USD
BingX ZORA-USDT
Lighter ZORA
Aster ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
MEXC ZORA_USDT
KuCoin ZORAUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008511 | +0.106% | $698K | $307K | 25x | as long as short |
| Backpack ZORA_USDC_PERP | +0.0100% | 1h | 0.008508 | +0.071% | $35K | $108K | 10x | as long as short |
| Variational Omni ZORA | +0.0100% | 4h | 0.008492 | −0.115% | $127K | $25K | — | as long as short |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008700 | +2.329% | $2K | $1.4M | 20x | as long as short |
| Extended ZORA-USD | +0.0104% | 1h | 0.008511 | +0.102% | $9K | $202K | 5x | as long as short |
| GMX ZORA/USD [ETH-USDC]long | L +0.0231% / S −0.0433% | 1h | 0.008502 | long leg | $1K | — | 100x | |
| Hyperliquid ZORA | +0.0329% | 1h | 0.008526 | +0.282% | $1.6M | $320K | 3x | as long as short |
Bitget ZORAUSDT
Backpack ZORA_USDC_PERP
Variational Omni ZORA
SunX ZORA-USDT
Extended ZORA-USD
Hyperliquid ZORA