Funding you earn now, next payment 06:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h −0.062%
Price spread now: Variational Omni against GMX+0.152%7-day average — · you sell dearer than you buy
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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.152% dearer against GMX than usual: you sell high and buy low (spread +0.152% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZRO/USD [ETH-USDC] | 1.1581 | L +0.0292% / S −0.2341% | pay 0.0036% / 1h | 31m 41s | $3K | — | 100x |
| Short | Variational Omni ZRO | 1.1599 | 0.0100 | get 0.0050% / 4h | 2h 31m | $2.2M | $809K | — |
GMX ZRO/USD [ETH-USDC]
Variational Omni ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$40.29
- Price spread: +0.152% → 0.000%
- $15.23
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$37.05
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago | 4.06 bp | doesn't fit | 40.2 bp −$402 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0010% | 1h | 1.1567 | −0.124% | $21K | $5K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0061% | 1h | 1.1575 | −0.052% | $93K | $218K | 20x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0063% | 4h | 1.1574 | −0.061% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1594 | +0.113% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1574 | −0.061% | $36.7M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1575 | −0.054% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1569 | −0.104% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1569 | −0.104% | $21.6M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1565 | −0.139% | $17.7M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1569 | −0.104% | $3.1M | $7.7M | 20x | as long as short |
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit 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 | 1.1560 | −0.182% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1572 | −0.078% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1566 | −0.130% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1566 | −0.130% | $2.6M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1581 | −0.001% | — | $16.5M | — | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1599 | +0.152% | $2.2M | $809K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1650 | +0.595% | $39K | $678K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1591 | +0.086% | $101K | $816K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1590 | +0.077% | $20K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0136% | 1h | 1.1590 | +0.078% | $4K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0146% | 4h | 1.1567 | −0.121% | $1.0M | $247K | 75x | as long as short |
| Nado ZRO-PERP | +0.0185% | 1h | 1.1578 | −0.024% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0292% / S −0.2341% | 1h | 1.1581 | long leg | $3K | — | 100x | |
| Kraken Futures PF_ZROUSD | +0.0710% | 1h | 1.1579 | −0.017% | $253K | $336K | 25x | as long as short |
| Extended ZRO-USD | +0.0904% | 1h | 1.1564 | −0.146% | $795K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1670 | +0.768% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
BloFin ZRO-USDT
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP