Spread before costs (cost unknown: a leg has no order-book sample)+0.052%
7d average—if it closes, per $10,000$5funding while held, a day−$5.75
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZRO/USD [ETH-USDC] | 1.1624 | L +0.0292% / S −0.2341% | pay 0.0036% / 1h | 2m 49s | $3K | — | 100x |
| Short | ApeX Omni ZROUSDT | 1.1630 | 0.0100 | get 0.0013% / 1h | 2m 49s | $37K | $682K | 50x |
GMX ZRO/USD [ETH-USDC]
ApeX Omni ZROUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $5.24
- Funding while held
- −$5.75
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$22.51
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 37 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0192%
- Per $10,000 a day
- −$5.75
- Average in range /8h
- —
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 ApeX Omni live order book, 37 min ago | 8.52 bp | 18.7 bp −$19 | 122.6 bp −$1,226 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Nado1.1607cheapestBloFin1.1619+0.100%Bybit1.1622+0.126%
Nado
BloFin
BybitGMX1.1624+0.143%
Orderly1.1625+0.152%Kraken Futures1.1625+0.153%Extended1.1625+0.153%KuCoin1.1626+0.161%Bitget1.1627+0.169%BingX1.1628+0.178%Backpack1.1629+0.187%Gate1.1630+0.195%
Orderly
Kraken Futures
Extended
KuCoin
Bitget
BingX
Backpack
GateApeX Omni1.1630+0.195%
Variational Omni1.1630+0.199%Aevo1.1631+0.205%Binance1.1633+0.223%MEXC1.1635+0.238%OKX1.1636+0.247%Polymarket Perps1.1638+0.264%01 Exchange1.1640+0.280%Aster1.1641+0.286%Hyperliquid1.1643+0.307%Pacifica1.1643+0.307%Lighter1.1647+0.340%dYdX1.1653+0.395%Injective1.1690+0.712%
Variational Omni
Aevo
Binance
MEXC
OKX
Polymarket Perps
Aster
Hyperliquid
Pacifica
Lighter
dYdX
InjectiveZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado ZRO-PERP | −0.143% | +0.0309% | 1h | $1.3M | $134K | 5x | as long as short |
| BloFin ZRO-USDT | −0.042% | +0.0158% | 4h | $1.1M | $273K | 75x | as long as short |
| Bybit ZROUSDT | −0.016% | +0.0061% | 4h | $18.0M | $17.6M | 50x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | 0.000% | L +0.0292% / S −0.2341% | 1h | $3K | — | 100x | |
| Orderly PERP_ZRO_USDC | +0.009% | +0.0039% | 4h | $20K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.010% | +0.0098% | 1h | $255K | $575K | 25x | as long as short |
| Extended ZRO-USD | +0.010% | +0.0664% | 1h | $768K | $543K | 10x | as long as short |
| KuCoin ZROUSDTM | +0.018% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.027% | +0.0100% | 4h | $2.7M | $2.8M | 75x | as long as short |
| BingX ZRO-USDT | +0.035% | +0.0100% | 4h | — | $9.2M | — | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack ZRO_USDC_PERP | +0.044% | −0.0394% | 1h | $91K | $201K | 20x | as long as short |
| Gate ZRO_USDT | +0.052% | +0.0100% | 4h | $1.3M | $2.2M | 75x | as long as short |
| ApeX Omni ZROUSDTshort | +0.052% | +0.0100% | 1h | $37K | $682K | 50x | |
| Variational Omni ZRO | +0.057% | +0.0100% | 4h | $2.2M | $904K | — | as long as short |
| Aevo ZRO-PERP | +0.062% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| Binance ZROUSDT | +0.080% | +0.0100% | 4h | $22.2M | $35.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.095% | +0.0100% | 4h | $17.7M | $3.9M | 125x | as long as short |
| OKX ZRO-USDT-SWAP | +0.104% | −0.0036% | 4h | $3.2M | $8.1M | 20x | as long as short |
| Polymarket Perps ZRO-USD | +0.121% | +0.0100% | 1h | $79K | $944K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.138% | −0.0104% | 1h | $7K | $3K | 5x | as long as short |
| Aster ZROUSDT | +0.143% | +0.0100% | 4h | $155K | $158K | 10x | as long as short |
| Hyperliquid ZRO | +0.164% | +0.0100% | 1h | $37.6M | $8.1M | 5x | as long as short |
| Pacifica ZRO | +0.164% | +0.0100% | 1h | $140K | $218K | 5x | as long as short |
| Lighter ZRO | +0.197% | +0.0344% | 1h | $4.7M | $1.3M | 5x | as long as short |
| dYdX ZRO-USD | +0.252% | +0.0003% | 1h | $21K | $2K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.569% | +0.1291% | 1h | $12K | $124K | 12x | as long as short |