Funding you earn now, next payment 02:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h +0.138%
Price spread now: Pacifica against Kraken Futures+0.018%7-day average −0.080% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.018%, 7d avg −0.080%
=Together, before fees−0.135%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.098% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.080%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.171% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.171% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZROUSD | 1.1754 | 0.0370 | pay 0.0046% / 1h | 49m 28s | $252K | $407K | 25x |
| Short | Pacifica ZRO | 1.1756 | 0.0100 | get 0.0013% / 1h | 49m 28s | $136K | $168K | 5x |
Kraken Futures PF_ZROUSD
Pacifica ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Kraken Futures. 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
- −$56.69
- Price spread: +0.018% → −0.080%
- $9.81
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$64.88
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 18 min ago; Pacifica: live order book, 18 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 Kraken Futures live order book, 18 min ago | 24.02 bp | 52.7 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 18 min ago | 5.06 bp | 17.2 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0184% | 1h | 1.1756 | +0.015% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1755 | +0.003% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0010% | 4h | 1.1749 | −0.044% | $21K | $6K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1770 | +0.132% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1769 | +0.126% | $37.3M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1771 | +0.143% | $157K | $149K | 10x | as long as short |
| Pacifica ZROshort | +0.0100% | 1h | 1.1756 | +0.018% | $136K | $168K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1755 | +0.003% | $22.0M | $30.1M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1745 | −0.078% | $18.0M | $14.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1750 | −0.036% | $3.2M | $8.0M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
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 | 1.1750 | −0.036% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1756 | +0.015% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1759 | +0.041% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1753 | −0.010% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1749 | −0.044% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1759 | +0.041% | $100K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1712 | −0.362% | $2.3M | $837K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | −0.291% | $39K | $685K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1763 | +0.075% | $92K | $843K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1740 | −0.121% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0160% | 4h | 1.1741 | −0.112% | $1.1M | $252K | 75x | as long as short |
| Nado ZRO-PERP | +0.0197% | 1h | 1.1748 | −0.054% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1752 | −0.020% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0370% | 1h | 1.1754 | long leg | $252K | $407K | 25x | |
| Extended ZRO-USD | +0.0992% | 1h | 1.1751 | −0.027% | $784K | $593K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1760 | +0.049% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP