Funding you earn now, next payment 20:00 UTC−0.0192%/8hnext payment −$0.24 per $10,000 · paid last 24h −0.031%
Price spread now: Hyperliquid against GMX+0.022%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 airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread pays, funding is against you. Hyperliquid is 0.022% dearer against GMX than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZRO/USD [ETH-USDC] | 1.1812 | L +0.0292% / S −0.2341% | pay 0.0037% / 1h | 7m 10s | $3K | — | 100x |
| Short | Hyperliquid ZRO | 1.1815 | 0.0100 | get 0.0013% / 1h | 7m 10s | $37.5M | $8.2M | 5x |
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$40.36
- Price spread: +0.022% → 0.000%
- $2.18
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$59.19
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 10 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 Hyperliquid live order book, 10 min ago | 0.42 bp | 12.3 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | −0.0354% | 4h | 1.1793 | −0.164% | $3.3M | $9.1M | 20x | as long as short |
| 01 Exchange ZROUSD | −0.0304% | 1h | 1.1788 | −0.210% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0162% | 1h | 1.1810 | −0.020% | $253K | $587K | 25x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0025% | 4h | 1.1804 | −0.071% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0001% | 1h | 1.1799 | −0.118% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0042% | 4h | 1.1783 | −0.249% | $1.1M | $272K | 75x | as long as short |
| Variational Omni ZRO | +0.0075% | 4h | 1.1792 | −0.169% | $2.2M | $904K | — | as long as short |
| Bybit ZROUSDT | +0.0092% | 4h | 1.1798 | −0.122% | $18.1M | $17.0M | 50x | as long as short |
| Hyperliquid ZROshort | +0.0100% | 1h | 1.1815 | +0.022% | $37.5M | $8.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1813 | +0.009% | $158K | $166K | 10x | as long as short |
OKX ZRO-USDT-SWAP
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
BloFin ZRO-USDT
Variational Omni ZRO
Bybit ZROUSDT
Aster ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ZRO | +0.0100% | 1h | 1.1785 | −0.234% | $142K | $216K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1801 | −0.094% | $22.3M | $35.9M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | −0.105% | $1.3M | $2.2M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1801 | −0.097% | $18.3M | $3.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1799 | −0.114% | $2.5M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1797 | −0.131% | $2.7M | $2.7M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1796 | −0.139% | — | $11.0M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1808 | −0.038% | $92K | $203K | 20x | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | −0.190% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1811 | −0.012% | $80K | $1.0M | 5x | as long as short |
| Extended ZRO-USD | +0.0104% | 1h | 1.1794 | −0.154% | $780K | $564K | 10x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1800 | −0.105% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0272% | 1h | 1.1830 | +0.148% | $4.7M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0288% | 1h | 1.1799 | −0.115% | $1.3M | $133K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0292% / S −0.2341% | 1h | 1.1812 | long leg | $3K | — | 100x | |
| Injective ZRO/USDC PERP | +0.1041% | 1h | 1.1840 | +0.233% | $12K | $165K | 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
Extended ZRO-USD
Aevo ZRO-PERP
Lighter ZRO
Nado ZRO-PERP
Injective ZRO/USDC PERP