Funding you earn now, next payment 01:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.006%
Price spread now: BloFin against Pacifica−0.288%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 3 days (all we have)+0.215%+$21 · spread now −0.288%, 7d avg −0.019%
=Together, before fees+0.240%+ Points / potential airdropPacifica: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.269% cheaper against Pacifica than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ZRO | 1.1822 | 0.0100 | pay 0.0013% / 1h | 16m 32s | $137K | $168K | 5x |
| Short | BloFin ZRO-USDT | 1.1788 | 0.0059 | get 0.0029% / 4h | 3h 16m | $1.1M | $254K | 75x |
Pacifica ZRO
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Pacifica. 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
- −$8.7
- Price spread: −0.288% → −0.019%
- −$26.91
- Slippage, 4 orders
- −$49.57
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$105.18
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 56 min ago; BloFin: live order book, 1 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 Pacifica live order book, 56 min ago | 6.39 bp | 20.2 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 3.81 bp | 17.1 bp −$17 | 39.7 bp −$397 | 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 | −0.0096% | 1h | 1.1827 | +0.047% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1794 | −0.237% | $21K | $6K | 10x | as long as short |
| BloFin ZRO-USDTshort | +0.0059% | 4h | 1.1788 | −0.288% | $1.1M | $254K | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1826 | +0.035% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1822 | 0.000% | $37.4M | $5.7M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1815 | −0.063% | $158K | $149K | 10x | as long as short |
| Pacifica ZROlong | +0.0100% | 1h | 1.1822 | long leg | $137K | $168K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1825 | +0.025% | $22.2M | $30.1M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1821 | −0.008% | $18.1M | $14.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1827 | +0.042% | $3.2M | $8.0M | 20x | as long as short |
01 Exchange ZROUSD
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 | 1.1810 | −0.102% | $1.4M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1824 | +0.017% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1799 | −0.195% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1829 | +0.059% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1822 | 0.000% | — | $14.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1783 | −0.334% | $2.3M | $854K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1800 | −0.186% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1807 | −0.127% | $92K | $826K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1792 | −0.255% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0228% | 1h | 1.1800 | −0.189% | $21K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0291% | 1h | 1.1816 | −0.048% | $1.3M | $128K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1798 | −0.205% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0301% | 1h | 1.1809 | −0.107% | $253K | $410K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0378% | 1h | 1.1808 | −0.118% | $98K | $204K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1820 | −0.017% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1272% | 1h | 1.1825 | +0.025% | $784K | $589K | 10x | 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
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP
Extended ZRO-USD