Funding you earn now, next payment 03:00 UTC−0.0175%/8h= −19.1% APRpaid last 24h 0.000%
Price spread now: Bybit against Pacifica−0.296%7-day average −0.053% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.296%, 7d avg −0.053%
=Together, before fees+0.202%+ Points / potential airdropPacifica: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.242% cheaper against Pacifica than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ZRO | 1.1773 | 0.0100 | pay 0.0013% / 1h | 44m 31s | $137K | $170K | 5x |
| Short | Bybit ZROUSDT | 1.1738 | −0.0075 | pay 0.0037% / 4h | 1h 44m | $17.9M | $14.0M | 50x |
Pacifica ZRO
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$36.72
- Price spread: −0.296% → −0.053%
- −$24.25
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$79.96
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 18 min ago; Bybit: live order book, 4 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 Pacifica live order book, 18 min ago | 5.12 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.72 bp | 15.9 bp −$16 | 45.8 bp −$458 | 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 | −0.0568% | 1h | 1.1739 | −0.285% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDTshort | −0.0075% | 4h | 1.1738 | −0.296% | $17.9M | $14.0M | 50x | |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1785 | +0.107% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0022% | 4h | 1.1750 | −0.194% | $1.4M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0035% | 4h | 1.1736 | −0.313% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1790 | +0.148% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1761 | −0.100% | $37.2M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1776 | +0.030% | $159K | $150K | 10x | as long as short |
| Pacifica ZROlong | +0.0100% | 1h | 1.1773 | long leg | $137K | $170K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1742 | −0.258% | $22.0M | $29.8M | 75x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1741 | −0.270% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1756 | −0.143% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1757 | −0.134% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1737 | −0.304% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1744 | −0.245% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1707 | −0.559% | $98K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1661 | −0.950% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1660 | −0.958% | $39K | $675K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1761 | −0.100% | $94K | $836K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1691 | −0.692% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0105% | 4h | 1.1694 | −0.669% | $1.1M | $248K | 75x | as long as short |
| Nado ZRO-PERP | +0.0182% | 1h | 1.1748 | −0.207% | $1.3M | $126K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1710 | −0.531% | $258K | $405K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1746 | −0.228% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0592% | 1h | 1.1758 | −0.125% | $789K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1720 | −0.448% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
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
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP