Funding you earn now, next payment 00:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.24 per $10,000 · paid last 24h −0.071%
Price spread now: ApeX Omni against GMX+0.328%68s7-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. ApeX Omni is 0.328% dearer against GMX than usual: you sell high and buy low (spread +0.328% now, against zero (this spread has no 7-day history yet)): +$33 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 5.7 days. The two prices were read 68 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 ZRO/USD [ETH-USDC] | 1.1801 | L +0.0292% / S −0.2341% | pay 0.0036% / 1h | 40m 00s | $3K | — | 100x |
| Short | ApeX Omni ZROUSDT | 1.1840 | 0.0100 | get 0.0013% / 1h | 40m 00s | $37K | $688K | 50x |
GMX ZRO/USD [ETH-USDC]
ApeX Omni ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- −$40.22
- Price spread: +0.328% → 0.000%
- $32.82
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$29.4
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 38 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 ApeX Omni live order book, 38 min ago | 12.71 bp | 23.9 bp −$24 | 127.6 bp −$1,276 | 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.
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 | −0.0168% | 1h | 1.1794 | −0.061% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0003% | 4h | 1.1797 | −0.036% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0049% | 4h | 1.1807 | +0.049% | $1.1M | $257K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1805 | +0.028% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1811 | +0.086% | $37.5M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1803 | +0.017% | $158K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1801 | −0.001% | $137K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1801 | −0.002% | $22.1M | $31.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1800 | −0.011% | $18.0M | $14.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1794 | −0.062% | $3.2M | $8.3M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
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 | 1.1790 | −0.095% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1796 | −0.045% | $19.2M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1781 | −0.172% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1795 | −0.053% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1802 | +0.006% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1802 | +0.006% | $100K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1807 | +0.045% | $2.3M | $877K | — | as long as short |
| ApeX Omni ZROUSDTshort | +0.0100% | 1h | 1.1840 | +0.328% | $37K | $688K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1806 | +0.040% | $89K | $816K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1795 | −0.053% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0114% | 1h | 1.1794 | −0.061% | $21K | $2K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0132% | 1h | 1.1809 | +0.070% | $253K | $434K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0292% / S −0.2341% | 1h | 1.1801 | long leg | $3K | — | 100x | |
| Nado ZRO-PERP | +0.0379% | 1h | 1.1796 | −0.040% | $1.3M | $125K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1860 | +0.498% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1904% | 1h | 1.1798 | −0.029% | $786K | $608K | 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
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD