Funding you earn now, next payment 03:00 UTC+0.2241%/8h= +245.4% APRnext payment +$2.80 per $10,000 · paid last 24h +0.938%
Price spread now: GMX against Backpack−0.009%7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$67 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZRO_USDC_PERP | 1.1742 | 0.0100 | pay 0.0013% / 1h | 31m 02s | $95K | $211K | 20x |
| Short | GMX ZRO/USD [ETH-USDC] | 1.1741 | L +0.0292% / S −0.2341% | get 0.0293% / 1h | 31m 02s | $3K | — | 100x |
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Backpack. 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: −0.009% → 0.000%
- −$0.87
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $447.78
- Costs to cover
- 0.220%
- Break-even
- 0.3 days
Slippage unknown: Backpack: live order book, 32 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 Backpack live order book, 32 min ago | 0.43 bp | 6.9 bp −$7 | doesn't fit | 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 | −0.0464% | 1h | 1.1743 | +0.008% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1759 | +0.142% | $21K | $3K | 5x | as long as short |
| Bybit ZROUSDT | +0.0033% | 4h | 1.1731 | −0.094% | $17.9M | $14.0M | 50x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1734 | −0.068% | $21K | $5K | 10x | as long as short |
| Gate ZRO_USDT | +0.0048% | 4h | 1.1740 | −0.017% | $1.3M | $1.5M | 75x | as long as short |
| BloFin ZRO-USDT | +0.0095% | 4h | 1.1750 | +0.068% | $1.1M | $250K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1759 | +0.145% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1756 | +0.119% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1738 | −0.034% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1752 | +0.085% | $137K | $175K | 5x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Bybit ZROUSDT
Orderly PERP_ZRO_USDC
Gate ZRO_USDT
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1729 | −0.109% | $21.9M | $29.9M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1736 | −0.051% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1735 | −0.060% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1749 | +0.060% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1722 | −0.170% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1735 | −0.060% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERPlong | +0.0100% | 1h | 1.1742 | long leg | $95K | $211K | 20x | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1727 | −0.127% | $2.3M | $811K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1740 | −0.017% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1745 | +0.026% | $100K | $849K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1728 | −0.122% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0183% | 1h | 1.1744 | +0.019% | $1.3M | $127K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0197% | 1h | 1.1750 | +0.071% | $258K | $407K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC]short | L +0.0292% / S −0.2341% | 1h | 1.1741 | −0.009% | $3K | — | 100x | |
| Extended ZRO-USD | +0.0584% | 1h | 1.1730 | −0.101% | $784K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1790 | +0.409% | $12K | $260K | 12x | as long as short |
Binance ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP