Funding you earn now, next payment 05:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h −0.138%
Price spread now: Kraken Futures against GMX−0.022%54s7-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. Kraken Futures is 0.022% cheaper against GMX than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$5 a day). The two prices were read 54 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] | 1.1760 | L +0.0293% / S −0.2341% | pay 0.0037% / 1h | 15m 27s | $3K | — | 100x |
| Short | Kraken Futures PF_ZROUSD | 1.1757 | 0.0461 | get 0.0058% / 1h | 15m 27s | $257K | $355K | 25x |
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $35.27
- Price spread: −0.022% → 0.000%
- −$2.19
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $11.08
- Costs to cover
- 0.220%
- Break-even
- 4.8 days
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 37 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 Kraken Futures live order book, 37 min ago | 31.31 bp | 36.3 bp −$36 | 132.5 bp −$1,325 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDC | +0.0050% | 4h | 1.1758 | −0.014% | $21K | $5K | 10x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1757 | −0.022% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1756 | −0.028% | $136K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1760 | +0.003% | $22.1M | $29.5M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1750 | −0.082% | $18.0M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1756 | −0.031% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1750 | −0.082% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1759 | −0.005% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1753 | −0.056% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1757 | −0.022% | $2.7M | $2.5M | 75x | as long as short |
Orderly PERP_ZRO_USDC
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZRO-USDT | +0.0100% | 4h | 1.1752 | −0.065% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1743 | −0.141% | $97K | $221K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1733 | −0.222% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1780 | +0.174% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1769 | +0.080% | $100K | $844K | 5x | as long as short |
| dYdX ZRO-USD | +0.0101% | 1h | 1.1743 | −0.140% | $21K | $4K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0104% | 4h | 1.1776 | +0.140% | $1.1M | $250K | 75x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1741 | −0.161% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0128% | 1h | 1.1779 | +0.165% | $4.4M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0207% | 1h | 1.1760 | 0.000% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0293% / S −0.2341% | 1h | 1.1760 | long leg | $3K | — | 100x | |
| 01 Exchange ZROUSD | +0.0344% | 1h | 1.1777 | +0.147% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0461% | 1h | 1.1757 | −0.022% | $257K | $355K | 25x | |
| Hyperliquid ZRO | +0.0587% | 1h | 1.1779 | +0.164% | $37.4M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1064% | 1h | 1.1760 | +0.002% | $804K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1830 | +0.599% | $12K | $261K | 12x | as long as short |
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
dYdX ZRO-USD
BloFin ZRO-USDT
Aevo ZRO-PERP
Lighter ZRO
Nado ZRO-PERP
01 Exchange ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP