Funding you earn now, next payment 01:00 UTC+0.2285%/8h= +250.2% APRpaid last 24h +1.001%
Price spread now: GMX against BloFin−0.151%51s7-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 0.151% cheaper against BloFin than usual: you would sell low and buy high (spread −0.151% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5 hours of funding at the current rate (+$69 a day). The two prices were read 51 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 | BloFin ZRO-USDT | 1.1789 | 0.0056 | pay 0.0028% / 4h | 3h 02m | $1.1M | $256K | 75x |
| Short | GMX ZRO/USD [ETH-USDC] | 1.1771 | L +0.0292% / S −0.2341% | get 0.0293% / 1h | 2m 15s | $3K | — | 100x |
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BloFin. 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
- $479.9
- Price spread: −0.151% → 0.000%
- −$15.15
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $440.75
- Costs to cover
- 0.240%
- Break-even
- 0.6 days
Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago | 4.22 bp | 16.3 bp −$16 | 43.7 bp −$437 | 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 | −0.0136% | 1h | 1.1751 | −0.323% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0008% | 4h | 1.1761 | −0.238% | $21K | $6K | 10x | as long as short |
| BloFin ZRO-USDTlong | +0.0056% | 4h | 1.1789 | long leg | $1.1M | $256K | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1805 | +0.137% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1778 | −0.093% | $37.3M | $5.6M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1771 | −0.153% | $157K | $148K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1784 | −0.039% | $137K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1759 | −0.254% | $22.1M | $30.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1760 | −0.246% | $18.0M | $14.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1765 | −0.204% | $3.2M | $8.0M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
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 | 1.1770 | −0.161% | $1.4M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1758 | −0.263% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1771 | −0.153% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1752 | −0.314% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1765 | −0.204% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1804 | +0.126% | $2.3M | $847K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | +0.178% | $37K | $685K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1772 | −0.144% | $92K | $845K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1757 | −0.269% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0172% | 1h | 1.1787 | −0.013% | $21K | $3K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]short | L +0.0292% / S −0.2341% | 1h | 1.1771 | −0.151% | $3K | — | 100x | |
| Nado ZRO-PERP | +0.0294% | 1h | 1.1763 | −0.223% | $1.3M | $126K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0302% | 1h | 1.1767 | −0.191% | $252K | $407K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0408% | 1h | 1.1793 | +0.034% | $98K | $208K | 20x | as long as short |
| Extended ZRO-USD | +0.1120% | 1h | 1.1760 | −0.246% | $788K | $596K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1860 | +0.602% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Extended ZRO-USD
Injective ZRO/USDC PERP