Funding you earn now, next payment 07:00 UTC+0.1025%/8h= +112.2% APRnext payment +$1.28 per $10,000 · paid last 24h +0.108%
Price spread now: Injective against GMX+0.627%57s7-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
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Injective is 0.627% dearer against GMX than usual: you sell high and buy low: +$63 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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] | 1.1657 | L +0.0292% / S −0.2341% | pay 0.0037% / 1h | 0m 19s | $3K | — | 100x |
| Short | Injective ZRO/USDC PERP | 1.1730 | 0.1317 | get 0.0165% / 1h | 0m 19s | $12K | $261K | 12x |
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $215.27
- Price spread: +0.627% → 0.000%
- $62.68
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $265.93
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Injective: live order book, 44 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 Injective live order book, 44 min ago | 29.90 bp | 40.5 bp −$41 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0026% | 1h | 1.1652 | −0.040% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0064% | 1h | 1.1654 | −0.028% | $4K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0094% | 4h | 1.1655 | −0.017% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1673 | +0.139% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1668 | +0.095% | $37.0M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1660 | +0.022% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1653 | −0.033% | $137K | $171K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1651 | −0.051% | $21.8M | $29.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1650 | −0.060% | $17.8M | $13.3M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1652 | −0.042% | $3.2M | $7.6M | 20x | as long as short |
dYdX ZRO-USD
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 | 1.1650 | −0.060% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1652 | −0.042% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1665 | +0.069% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1649 | −0.068% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1652 | −0.042% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1639 | −0.154% | $2.3M | $771K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | +0.284% | $39K | $669K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1665 | +0.069% | $99K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1648 | −0.078% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0142% | 4h | 1.1643 | −0.120% | $1.0M | $202K | 75x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0199% | 1h | 1.1652 | −0.042% | $95K | $216K | 20x | as long as short |
| Nado ZRO-PERP | +0.0246% | 1h | 1.1649 | −0.066% | $1.3M | $128K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0292% / S −0.2341% | 1h | 1.1657 | long leg | $3K | — | 100x | |
| Kraken Futures PF_ZROUSD | +0.0516% | 1h | 1.1660 | +0.025% | $254K | $298K | 25x | as long as short |
| Extended ZRO-USD | +0.0768% | 1h | 1.1653 | −0.035% | $797K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1317% | 1h | 1.1730 | +0.627% | $12K | $261K | 12x |
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
BloFin ZRO-USDT
Backpack ZRO_USDC_PERP
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Extended ZRO-USD