Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day+$60.81
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZROUSD | 1.1807 | 0.0097 | pay 0.0012% / 1h | 49m 05s | $261K | $573K | 25x |
| Short | GMX ZRO/USD [ETH-USDC] | 1.1806 | L +0.0282% / S −0.2124% | get 0.0265% / 1h | 49m 05s | $3K | — | 100x |
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]Price 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
- −$1.37
- Funding while held
- $60.81
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $37.44
- Spread needed to break even
- 0.220%
Slippage unknown: Kraken Futures: live order book, 55 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.2027%
- Per $10,000 a day
- +$60.81
- 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 Kraken Futures live order book, 55 min ago | 22.53 bp | 42.0 bp −$42 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni1.1780cheapestNado1.1794+0.122%Aevo1.1795+0.127%Binance1.1795+0.127%MEXC1.1796+0.136%BloFin1.1796+0.136%Extended1.1797+0.140%OKX1.1797+0.144%Bitget1.1797+0.144%Bybit1.1800+0.170%ApeX Omni1.1800+0.170%Orderly1.1801+0.178%BingX1.1802+0.187%Backpack1.1802+0.187%Polymarket Perps1.1804+0.203%Aster1.1806+0.216%
Variational Omni
Nado
Aevo
Binance
MEXC
BloFin
Extended
OKX
Bitget
Bybit
ApeX Omni
Orderly
BingX
Backpack
Polymarket Perps
AsterGMX1.1806+0.218%
KuCoin1.1807+0.229%
KuCoinKraken Futures1.1807+0.232%
01 Exchange1.1809+0.245%Hyperliquid1.1810+0.254%Gate1.1810+0.254%Pacifica1.1813+0.280%Lighter1.1823+0.365%dYdX1.1826+0.388%Injective1.1860+0.679%
Hyperliquid
Gate
Pacifica
Lighter
dYdX
InjectiveZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ZRO | −0.231% | +0.0100% | 4h | $2.2M | $894K | — | as long as short |
| Nado ZRO-PERP | −0.109% | +0.0283% | 1h | $1.3M | $133K | 5x | as long as short |
| Aevo ZRO-PERP | −0.105% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| Binance ZROUSDT | −0.104% | +0.0100% | 4h | $22.7M | $35.1M | 75x | as long as short |
| MEXC ZRO_USDT | −0.096% | +0.0100% | 4h | $18.0M | $3.8M | 125x | as long as short |
| BloFin ZRO-USDT | −0.096% | +0.0156% | 4h | $1.1M | $276K | 75x | as long as short |
| Extended ZRO-USD | −0.091% | +0.0104% | 1h | $781K | $530K | 10x | as long as short |
| OKX ZRO-USDT-SWAP | −0.088% | +0.0100% | 4h | $3.3M | $8.0M | 20x | as long as short |
| Bitget ZROUSDT | −0.088% | +0.0100% | 4h | $2.7M | $2.8M | 75x | as long as short |
| Bybit ZROUSDT | −0.062% | +0.0100% | 4h | $18.3M | $17.6M | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ZROUSDT | −0.062% | +0.0100% | 1h | $37K | $681K | 50x | as long as short |
| Orderly PERP_ZRO_USDC | −0.054% | −0.0029% | 4h | $21K | $7K | 10x | as long as short |
| BingX ZRO-USDT | −0.045% | +0.0100% | 4h | — | $9.1M | — | as long as short |
| Backpack ZRO_USDC_PERP | −0.045% | −0.0414% | 1h | $90K | $201K | 20x | as long as short |
| Polymarket Perps ZRO-USD | −0.028% | +0.0100% | 1h | $80K | $848K | 5x | as long as short |
| Aster ZROUSDT | −0.016% | +0.0100% | 4h | $158K | $156K | 10x | as long as short |
| GMX ZRO/USD [ETH-USDC]short | −0.014% | L +0.0282% / S −0.2124% | 1h | $3K | — | 100x | |
| KuCoin ZROUSDTM | −0.003% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
| Kraken Futures PF_ZROUSDlong | 0.000% | +0.0097% | 1h | $261K | $573K | 25x | |
| 01 Exchange ZROUSD | +0.013% | +0.0192% | 1h | $7K | $3K | 5x | as long as short |
| Hyperliquid ZRO | +0.022% | +0.0100% | 1h | $38.7M | $7.8M | 5x | as long as short |
| Gate ZRO_USDT | +0.022% | +0.0100% | 4h | $1.4M | $2.1M | 75x | as long as short |
| Pacifica ZRO | +0.047% | +0.0100% | 1h | $142K | $222K | 5x | as long as short |
| Lighter ZRO | +0.132% | +0.0752% | 1h | $4.8M | $1.3M | 5x | as long as short |
| dYdX ZRO-USD | +0.156% | +0.0015% | 1h | $21K | $1K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.446% | +0.1291% | 1h | $12K | $122K | 12x | as long as short |