Settings8H · net · $10k
Funding arb · Price arb /

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.033%
Price spread now: Hyperliquid against Pacifica−0.024%7-day average +0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.127%+$13 on $10k
Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.024%, 7d avg +0.072%
Together, before fees+0.248%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$25 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: Hyperliquid is 0.095% cheaper against Pacifica than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.072%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ZRO1.18430.0100pay 0.0013% / 1h40m 50s$139K$184K5x
ShortHyperliquid ZRO1.18400.0100get 0.0013% / 1h40m 50s$37.6M$6.2M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.024% → +0.072%
−$9.55
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$26.55
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 42 min ago; Hyperliquid: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 42 min ago2.53 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 12 min ago0.85 bp13.0 bp −$13doesn't fitdoesn't fitdoesn't fit

ZRO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZROUSD−0.0616%1h1.1838−0.041%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0053%4h1.1815−0.235%$21K$7K10xas long as short
Kraken Futures PF_ZROUSD+0.0059%1h1.1832−0.093%$251K$552K25xas long as short
Lighter ZRO+0.0064%1h1.1822−0.176%$4.4M$1.5M5xas long as short
BloFin ZRO-USDT+0.0077%4h1.1829−0.117%$1.1M$263K75xas long as short
Hyperliquid ZROshort+0.0100%1h1.1840−0.024%$37.6M$6.2M5x
Aster ZROUSDT+0.0100%4h1.1841−0.017%$158K$154K10xas long as short
Pacifica ZROlong+0.0100%1h1.1843long leg$139K$184K5x
Binance ZROUSDT+0.0100%4h1.1828−0.124%$22.2M$31.8M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1817−0.218%$18.1M$14.9M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1828−0.125%$3.2M$8.5M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1830−0.108%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1831−0.100%$19.1M$3.1M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1837−0.049%$2.9M$1.8M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1833−0.083%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1826−0.142%$10.8Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1829−0.117%$99K$207K20xas long as short
Variational Omni ZRO+0.0100%4h1.1779−0.540%$2.3M$859Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1810−0.277%$37K$681K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1843+0.002%$89K$904K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1817−0.218%$21K3xas long as short
dYdX ZRO-USD+0.0115%1h1.1846+0.029%$21K$2K5xas long as short
Nado ZRO-PERP+0.0150%1h1.1819−0.198%$1.3M$125K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2416%1h1.1829−0.118%$3K100xas long as short
Injective ZRO/USDC PERP+0.0980%1h1.1890+0.398%$12K$218K12xas long as short
Extended ZRO-USD+0.2432%1h1.1829−0.112%$784K$541K10xas long as short