ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1181%/8h= +129.3% APRnext payment +$1.48 per $10,000 · paid last 24h +0.653%

Price spread now: GMX against Injective−1.255%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. GMX is 1.255% cheaper against Injective than usual: you would sell low and buy high (spread −1.255% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$126 on $10k: about 3.5 days of funding at the current rate (+$35 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ZRO/USDC PERP	1.1960	0.1160	pay 0.0145% / 1h	30m 16s	$13K	$258K	12x
Short	GMX ZRO/USD [ETH-USDC]	1.1810	L +0.0294% / S −0.2341%	get 0.0293% / 1h	30m 16s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee GMXbpOrdersPrice spread, now −1.255%Rate

Funding earned: $247.97
Price spread: −1.255% → 0.000%: −$125.5
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: $110.45
Costs to cover: 0.120%
Break-even: 3.9 days

Slippage unknown: Injective: live order book, 4 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 Injective live order book, 4 min ago	33.73 bp	33.7 bp −$34	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	−0.0304%	1h	1.1781	−1.500%	$4K	$5K	5x	as long as short
dYdX ZRO-USD	0.0000%	1h	1.1796	−1.371%	$21K	$5K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0068%	4h	1.1803	−1.313%	$21K	$4K	10x	as long as short
Lighter ZRO	+0.0096%	1h	1.1819	−1.179%	$4.4M	$1.2M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1804	−1.304%	$37.4M	$5.3M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1810	−1.257%	$159K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1796	−1.371%	$136K	$170K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1807	−1.279%	$22.2M	$29.3M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1805	−1.296%	$18.1M	$13.2M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1806	−1.288%	$3.2M	$7.8M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	1.1790	−1.421%	$1.3M	$1.3M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1808	−1.271%	$19.9M	$2.8M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1790	−1.421%	$2.4M	$2.2M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1793	−1.396%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1803	−1.313%	—	$21.7M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1796	−1.371%	$2.3M	$758K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1840	−1.003%	$40K	$667K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1791	−1.413%	$100K	$799K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1808	−1.269%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0145%	4h	1.1802	−1.321%	$1.1M	$200K	75x	as long as short
Nado ZRO-PERP	+0.0168%	1h	1.1795	−1.379%	$1.3M	$128K	5x	as long as short
GMX ZRO/USD [ETH-USDC]short	L +0.0294% / S −0.2341%	1h	1.1810	−1.255%	$3K	—	100x
Extended ZRO-USD	+0.0424%	1h	1.1806	−1.289%	$806K	$646K	10x	as long as short
Backpack ZRO_USDC_PERP	+0.0511%	1h	1.1803	−1.313%	$95K	$220K	20x	as long as short
Kraken Futures PF_ZROUSD	+0.0555%	1h	1.1812	−1.236%	$269K	$306K	25x	as long as short
Injective ZRO/USDC PERPlong	+0.1160%	1h	1.1960	long leg	$13K	$258K	12x