Funding you earn now, next payment 09:00 UTC+0.2241%/8h= +245.4% APRpaid last 24h +0.867%
Price spread now: GMX against Variational Omni+0.530%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and GMX is 0.530% dearer against Variational Omni than usual: you sell high and buy low: +$53 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZRO | 1.1796 | 0.0100 | pay 0.0050% / 4h | 3h 27m | $2.3M | $758K | — |
| Short | GMX ZRO/USD [ETH-USDC] | 1.1859 | L +0.0294% / S −0.2341% | get 0.0293% / 1h | 27m 19s | $3K | — | 100x |
Variational Omni ZRO
GMX ZRO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- $470.65
- Price spread: +0.530% → 0.000%
- $52.98
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $511.63
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; GMX: no order-book sample. 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 Variational Omni RFQ quote, 2 min ago | 5.30 bp | doesn't fit | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | −0.0296% | 1h | 1.1849 | +0.450% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1847 | +0.435% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0068% | 4h | 1.1855 | +0.500% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1867 | +0.598% | $4.4M | $1.2M | 5x | as long as short |
| BloFin ZRO-USDT | +0.0097% | 4h | 1.1793 | −0.026% | $1.1M | $199K | 75x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1860 | +0.542% | $37.6M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1858 | +0.525% | $160K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1849 | +0.451% | $137K | $166K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1855 | +0.500% | $22.3M | $29.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1848 | +0.440% | $18.2M | $13.1M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
BloFin ZRO-USDT
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1862 | +0.559% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | +0.373% | $1.3M | $1.3M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1850 | +0.457% | $20.0M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1849 | +0.449% | $2.4M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1842 | +0.390% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1855 | +0.500% | — | $21.7M | — | as long as short |
| Variational Omni ZROlong | +0.0100% | 4h | 1.1796 | long leg | $2.3M | $758K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1800 | +0.033% | $40K | $668K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1852 | +0.474% | $100K | $799K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1856 | +0.506% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0149% | 1h | 1.1849 | +0.445% | $1.4M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]short | L +0.0294% / S −0.2341% | 1h | 1.1859 | +0.530% | $3K | — | 100x | |
| Extended ZRO-USD | +0.0448% | 1h | 1.1855 | +0.497% | $806K | $646K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0522% | 1h | 1.1855 | +0.500% | $95K | $220K | 20x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0553% | 1h | 1.1858 | +0.526% | $270K | $306K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1160% | 1h | 1.1960 | +1.390% | $13K | $258K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
Extended ZRO-USD
Backpack ZRO_USDC_PERP
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP