data as of
Settings8H · net · $10k
Funding arb /

ZRO

all ZRO markets
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Funding spread now, next payment 15:00 UTC−0.0308%/8h
paid, last 24h−0.085%paid, last 3 days−0.123%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ZRO/USD [ETH-USDC]1.2107L +0.0408% / S −0.4670%pay 0.0051% / 1h46m 39s$6K100x
ShortBybit ZROUSDT1.20500.0100get 0.0050% / 4h1h 46m$18.7M$17.0M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$64.71
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$87.71
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.467%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Bybit live order book, 3 min ago0.82 bp19.2 bp −$1948.9 bp −$489doesn't fitdoesn'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 25 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ZROUSD−0.0955%1h$271K$569K25xas long as short
Orderly PERP_ZRO_USDC−0.0110%4h$21K$7K10xas long as short
OKX ZRO-USDT-SWAP−0.0067%4h$3.3M$8.2M20xas long as short
dYdX ZRO-USD0.0000%1h$22K$4195xas long as short
Injective ZRO/USDC PERP+0.0032%1h$13K$146K12xas long as short
ApeX Omni ZROUSDT+0.0093%1h$39K$675K50xas long as short
Lighter ZRO+0.0096%1h$4.9M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h$39.9M$7.2M5xas long as short
Aster ZROUSDT+0.0100%4h$136K$103K10xas long as short
Pacifica ZRO+0.0100%1h$146K$218K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance ZROUSDT+0.0100%4h$23.2M$33.7M75xas long as short
Bybit ZROUSDTshort+0.0100%4h$18.7M$17.0M50x
Gate ZRO_USDT+0.0100%4h$1.4M$2.1M75xas long as short
MEXC ZRO_USDT+0.0100%4h$17.6M$3.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h$2.6M$1.3M50xas long as short
Bitget ZROUSDT+0.0100%4h$2.8M$2.9M75xas long as short
BingX ZRO-USDT+0.0100%4h$8.6Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h$89K$174K20xas long as short
Variational Omni ZRO+0.0100%4h$2.4M$758Kas long as short
Polymarket Perps ZRO-USD+0.0100%1h$86K$853K5xas long as short
Aevo ZRO-PERP+0.0104%1h$21K3xas long as short
BloFin ZRO-USDT+0.0142%4h$1.1M$285K75xas long as short
Nado ZRO-PERP+0.0270%1h$1.4M$108K5xas long as short
GMX ZRO/USD [ETH-USDC]longL +0.0408% / S −0.4670%1h$6K100x
Extended ZRO-USD+0.0912%1h$808K$461K10xas long as short