Spread before costs (cost unknown: a leg has no order-book sample)−0.012%
7d average—if it closes, per $10,000$1funding while held, a day−$15.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZRO/USD [ETH-USDC] | 1.1830 | L +0.0293% / S −0.2341% | pay 0.0037% / 1h | 3m 53s | $3K | — | 100x |
| Short | Kraken Futures PF_ZROUSD | 1.1829 | −0.0211 | pay 0.0026% / 1h | 3m 53s | $258K | $569K | 25x |
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSDPrice 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
- −$1.22
- Funding while held
- −$15.1
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$38.31
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 31 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0503%
- Per $10,000 a day
- −$15.10
- 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 Kraken Futures live order book, 31 min ago | 8.88 bp | 41.6 bp −$42 | 136.8 bp −$1,368 | 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.Bybit1.1809cheapestGate1.1810+0.008%Bitget1.1812+0.025%Extended1.1813+0.036%BingX1.1814+0.042%KuCoin1.1815+0.051%OKX1.1817+0.068%Binance1.1817+0.068%MEXC1.1819+0.085%Pacifica1.1821+0.102%Backpack1.1824+0.127%Orderly1.1825+0.135%Nado1.1826+0.147%Variational Omni1.1827+0.152%Aevo1.1828+0.158%Hyperliquid1.1828+0.161%
Bybit
Gate
Bitget
Extended
BingX
KuCoin
OKX
Binance
MEXC
Pacifica
Backpack
Orderly
Nado
Variational Omni
Aevo
HyperliquidKraken Futures1.1829+0.167%
01 Exchange1.1830+0.174%GMX1.1830+0.180%
Polymarket Perps1.1834+0.212%Aster1.1835+0.224%dYdX1.1836+0.232%BloFin1.1842+0.279%ApeX Omni1.1850+0.347%Lighter1.1853+0.371%Injective1.1890+0.686%
Polymarket Perps
Aster
dYdX
BloFin
ApeX Omni
Lighter
InjectiveZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | −0.179% | −0.0056% | 4h | $18.2M | $17.0M | 50x | as long as short |
| Gate ZRO_USDT | −0.171% | +0.0100% | 4h | $1.4M | $2.2M | 75x | as long as short |
| Bitget ZROUSDT | −0.154% | +0.0100% | 4h | $2.7M | $2.7M | 75x | as long as short |
| Extended ZRO-USD | −0.143% | +0.0104% | 1h | $784K | $563K | 10x | as long as short |
| BingX ZRO-USDT | −0.137% | +0.0100% | 4h | — | $9.2M | — | as long as short |
| KuCoin ZROUSDTM | −0.128% | +0.0100% | 4h | $2.6M | $1.5M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | −0.112% | −0.0270% | 4h | $3.2M | $8.2M | 20x | as long as short |
| Binance ZROUSDT | −0.111% | +0.0100% | 4h | $22.4M | $35.5M | 75x | as long as short |
| MEXC ZRO_USDT | −0.095% | +0.0100% | 4h | $18.1M | $3.8M | 125x | as long as short |
| Pacifica ZRO | −0.078% | +0.0100% | 1h | $142K | $210K | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack ZRO_USDC_PERP | −0.052% | +0.0100% | 1h | $89K | $202K | 20x | as long as short |
| Orderly PERP_ZRO_USDC | −0.044% | +0.0007% | 4h | $21K | $7K | 10x | as long as short |
| Nado ZRO-PERP | −0.033% | +0.0332% | 1h | $1.3M | $132K | 5x | as long as short |
| Variational Omni ZRO | −0.028% | +0.0039% | 4h | $2.3M | $900K | — | as long as short |
| Aevo ZRO-PERP | −0.022% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| Hyperliquid ZRO | −0.019% | +0.0100% | 1h | $37.7M | $8.4M | 5x | as long as short |
| Kraken Futures PF_ZROUSDshort | −0.012% | −0.0211% | 1h | $258K | $569K | 25x | |
| 01 Exchange ZROUSD | −0.005% | −0.0432% | 1h | $7K | $3K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | 0.000% | L +0.0293% / S −0.2341% | 1h | $3K | — | 100x | |
| Polymarket Perps ZRO-USD | +0.032% | +0.0100% | 1h | $79K | $916K | 5x | as long as short |
| Aster ZROUSDT | +0.044% | +0.0100% | 4h | $158K | $160K | 10x | as long as short |
| dYdX ZRO-USD | +0.052% | 0.0000% | 1h | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.100% | +0.0047% | 4h | $1.1M | $275K | 75x | as long as short |
| ApeX Omni ZROUSDT | +0.167% | +0.0100% | 1h | $37K | $679K | 50x | as long as short |
| Lighter ZRO | +0.191% | +0.0096% | 1h | $4.8M | $1.3M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.505% | +0.1143% | 1h | $12K | $124K | 12x | as long as short |