Funding you earn now, next payment 00:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.071%
Price spread now: Bybit against GMX−0.007%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: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZRO/USD [ETH-USDC] | 1.1743 | L +0.0291% / S −0.2341% | pay 0.0036% / 1h | 24m 59s | $3K | — | 100x |
| Short | Bybit ZROUSDT | 1.1742 | 0.0100 | get 0.0050% / 4h | 24m 59s | $17.9M | $14.6M | 50x |
GMX ZRO/USD [ETH-USDC]
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$40.17
- Price spread: −0.007% → 0.000%
- −$0.72
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$63.89
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 1.70 bp | 15.3 bp −$15 | 43.3 bp −$433 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0168% | 1h | 1.1730 | −0.113% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0005% | 4h | 1.1740 | −0.024% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0083% | 4h | 1.1734 | −0.075% | $1.1M | $255K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1750 | +0.064% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1750 | +0.059% | $37.2M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1747 | +0.039% | $157K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1740 | −0.024% | $136K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1741 | −0.016% | $22.0M | $31.3M | 75x | as long as short |
| Bybit ZROUSDTshort | +0.0100% | 4h | 1.1742 | −0.007% | $17.9M | $14.6M | 50x | |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1744 | +0.010% | $3.2M | $8.3M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance 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 | 1.1730 | −0.109% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1740 | −0.024% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1730 | −0.109% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1744 | +0.010% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1740 | −0.024% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1747 | +0.035% | $100K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1751 | +0.071% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.109% | $37K | $686K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1741 | −0.016% | $94K | $825K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1735 | −0.067% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0133% | 1h | 1.1753 | +0.089% | $252K | $434K | 25x | as long as short |
| dYdX ZRO-USD | +0.0135% | 1h | 1.1742 | −0.011% | $21K | $2K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0291% / S −0.2341% | 1h | 1.1743 | long leg | $3K | — | 100x | |
| Nado ZRO-PERP | +0.0342% | 1h | 1.1734 | −0.072% | $1.3M | $125K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1820 | +0.657% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.2024% | 1h | 1.1740 | −0.023% | $784K | $610K | 10x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
dYdX ZRO-USD
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD