Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Pacifica against Backpack+0.053%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.053%, 7d avg −0.003%
=Together, before fees+0.153%+ Points / potential airdropPacifica: Active · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.055% dearer against Backpack than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZRO_USDC_PERP | 1.1728 | 0.0100 | pay 0.0013% / 1h | 0m 52s | $96K | $221K | 20x |
| Short | Pacifica ZRO | 1.1734 | 0.0100 | get 0.0013% / 1h | 0m 52s | $138K | $174K | 5x |
Backpack ZRO_USDC_PERP
Pacifica ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Backpack. 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
- $0
- Price spread: +0.053% → −0.003%
- $5.55
- Slippage, 4 orders
- −$29.58
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$42.04
- Costs to cover
- 0.476%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 47 min ago; Pacifica: live order book, 47 min ago.
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 Backpack live order book, 47 min ago | 0.43 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 47 min ago | 6.87 bp | 16.0 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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 | +0.0006% | 1h | 1.1737 | +0.078% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0072% | 4h | 1.1726 | −0.017% | $21K | $4K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0076% | 4h | 1.1731 | +0.026% | $1.0M | $254K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1747 | +0.165% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1738 | +0.085% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1742 | +0.121% | $159K | $151K | 10x | as long as short |
| Pacifica ZROshort | +0.0100% | 1h | 1.1734 | +0.053% | $138K | $174K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1726 | −0.015% | $21.9M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1722 | −0.051% | $18.0M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1724 | −0.034% | $3.2M | $7.8M | 20x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
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 | 1.1720 | −0.068% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1730 | +0.017% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1726 | −0.017% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1733 | +0.043% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1730 | +0.017% | — | $16.6M | — | as long as short |
| Backpack ZRO_USDC_PERPlong | +0.0100% | 1h | 1.1728 | long leg | $96K | $221K | 20x | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1717 | −0.095% | $2.3M | $812K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1750 | +0.188% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1732 | +0.034% | $99K | $821K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1721 | −0.064% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0136% | 1h | 1.1732 | +0.038% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0148% | 1h | 1.1736 | +0.072% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1723 | −0.043% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0701% | 1h | 1.1737 | +0.074% | $254K | $333K | 25x | as long as short |
| Extended ZRO-USD | +0.0824% | 1h | 1.1725 | −0.027% | $803K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1790 | +0.529% | $12K | $261K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP