Funding you earn now, next payment 12:00 UTC+0.2458%/8h= +269.1% APRpaid last 24h +0.779%
Price spread now: GMX against Variational Omni+0.079%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$74 a day on $10k at the current rate, and GMX is 0.079% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZRO | 1.1676 | −0.0117 | get 0.0058% / 4h | 48m 30s | $2.3M | $570K | — |
| Short | GMX ZRO/USD [ETH-USDC] | 1.1686 | L +0.0292% / S −0.2341% | get 0.0293% / 1h | 48m 30s | $3K | — | 100x |
Variational Omni ZRO
GMX ZRO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- $516.13
- Price spread: +0.079% → 0.000%
- $7.9
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $512.03
- Costs to cover
- 0.120%
- Break-even
- 0.1 days
Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago | 3.16 bp | doesn't fit | 40.3 bp −$403 | 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 exchanges
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 | −0.0240% | 1h | 1.1734 | +0.492% | $4K | $5K | 5x | as long as short |
| Bybit ZROUSDT | −0.0187% | 4h | 1.1713 | +0.313% | $18.0M | $10.4M | 50x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0186% | 1h | 1.1692 | +0.132% | $266K | $173K | 25x | as long as short |
| Variational Omni ZROlong | −0.0117% | 4h | 1.1676 | long leg | $2.3M | $570K | — | |
| Orderly PERP_ZRO_USDC | −0.0040% | 4h | 1.1681 | +0.039% | $20K | $2K | 10x | as long as short |
| ApeX Omni ZROUSDT | −0.0008% | 1h | 1.1690 | +0.116% | $39K | $669K | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1729 | +0.451% | $21K | $5K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.0033% | 1h | 1.1740 | +0.545% | $12K | $257K | 12x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0038% | 4h | 1.1713 | +0.313% | $3.2M | $7.1M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0082% | 4h | 1.1688 | +0.099% | $1.0M | $137K | 75x | as long as short |
01 Exchange ZROUSD
Bybit ZROUSDT
Kraken Futures PF_ZROUSD
Orderly PERP_ZRO_USDC
ApeX Omni ZROUSDT
dYdX ZRO-USD
Injective ZRO/USDC PERP
OKX ZRO-USDT-SWAP
BloFin ZRO-USDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ZRO | +0.0096% | 1h | 1.1749 | +0.622% | $4.4M | $1.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1728 | +0.441% | $158K | $117K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1733 | +0.483% | $136K | $136K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1726 | +0.425% | $21.9M | $25.2M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1720 | +0.373% | $1.3M | $1.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1739 | +0.536% | $9.5M | $2.4M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1735 | +0.502% | $2.2M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1718 | +0.356% | $2.8M | $2.2M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1727 | +0.433% | — | $25.0M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1705 | +0.245% | $92K | $218K | 20x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1728 | +0.442% | $81K | $720K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1676 | −0.006% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0107% | 1h | 1.1722 | +0.392% | $1.3M | $120K | 5x | as long as short |
| Hyperliquid ZRO | +0.0124% | 1h | 1.1741 | +0.553% | $37.1M | $4.5M | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]short | L +0.0292% / S −0.2341% | 1h | 1.1686 | +0.079% | $3K | — | 100x | |
| Extended ZRO-USD | +0.0616% | 1h | 1.1728 | +0.446% | $798K | $654K | 10x | as long as short |
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
Hyperliquid ZRO
Extended ZRO-USD