Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.029%
Price spread now: Pacifica against Lighter−0.081%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$850.853% of the position
Funding, last 7 days−0.372%−$37 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.081%, 7d avg −0.155%
=Together, before fees−0.470%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$47 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 0.073% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.155%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1952 | 0.0096 | pay 0.0012% / 1h | 39m 38s | $4.4M | $1.2M | 5x |
| Short | Pacifica ZRO | 1.1943 | 0.0100 | get 0.0013% / 1h | 39m 38s | $138K | $170K | 5x |
Lighter ZRO
Pacifica ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Lighter. 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
- $0.84
- Price spread: −0.081% → −0.155%
- $7.34
- Slippage, 4 orders
- −$77.33
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$77.15
- Costs to cover
- 0.853%
- Break-even
- 649.9 days
Slippage from Lighter: live order book, 3 min ago; Pacifica: live order book, 58 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 Lighter live order book, 3 min ago | 4.59 bp | 9.3 bp −$9 | 76.5 bp −$765 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 58 min ago | 3.01 bp | 10.4 bp −$10 | 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 | −0.0280% | 1h | 1.1932 | −0.168% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1949 | −0.027% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0074% | 4h | 1.1942 | −0.086% | $21K | $4K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1952 | long leg | $4.4M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1956 | +0.031% | $37.9M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1952 | −0.003% | $161K | $151K | 10x | as long as short |
| Pacifica ZROshort | +0.0100% | 1h | 1.1943 | −0.081% | $138K | $170K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1941 | −0.091% | $22.5M | $29.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1936 | −0.136% | $18.3M | $13.4M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1942 | −0.086% | $3.2M | $8.0M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
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 | 1.1930 | −0.187% | $1.4M | $1.3M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1940 | −0.103% | $20.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1943 | −0.078% | $2.5M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1934 | −0.153% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1937 | −0.128% | — | $21.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1939 | −0.115% | $2.3M | $765K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1980 | +0.232% | $40K | $667K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1950 | −0.019% | $101K | $805K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0103% | 4h | 1.1949 | −0.028% | $1.1M | $202K | 75x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1936 | −0.139% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0165% | 1h | 1.1945 | −0.059% | $1.4M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0295% / S −0.2341% | 1h | 1.1964 | +0.101% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0408% | 1h | 1.1937 | −0.131% | $819K | $647K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0549% | 1h | 1.1946 | −0.054% | $272K | $318K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0674% | 1h | 1.1941 | −0.095% | $96K | $222K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1160% | 1h | 1.2000 | +0.399% | $13K | $258K | 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
BloFin ZRO-USDT
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP