Funding you earn now, next payment 04:00 UTC+0.0284%/8h= +31.1% APRnext payment +$0.35 per $10,000 · paid last 24h −0.091%
Price spread now: Kraken Futures against Pacifica+0.170%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1331.332% of the position
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 4 days (all we have)−0.624%−$62 · spread now +0.170%, 7d avg +0.083%
=Together, before fees−0.446%+ Points / potential airdropPacifica: Active · farm board−$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.086% dearer against Pacifica than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.083%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 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 | Pacifica ZRO | 1.1583 | 0.0100 | pay 0.0013% / 1h | 48m 52s | $134K | $178K | 5x |
| Short | Kraken Futures PF_ZROUSD | 1.1603 | 0.0384 | get 0.0048% / 1h | 48m 52s | $255K | $404K | 25x |
Pacifica ZRO
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $59.56
- Price spread: +0.170% → +0.083%
- $8.64
- Slippage, 4 orders
- −$115.2
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$65
- Costs to cover
- 1.332%
- Break-even
- 14.6 days
Slippage from Pacifica: live order book, 9 min ago; Kraken Futures: live order book, 9 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, 9 min ago | 5.16 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 9 min ago | 38.25 bp | 44.0 bp −$44 | 148.2 bp −$1,482 | 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 | −0.0056% | 1h | 1.1572 | −0.095% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0004% | 1h | 1.1583 | −0.003% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1583 | −0.003% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0071% | 4h | 1.1570 | −0.115% | $1.1M | $246K | 75x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0089% | 1h | 1.1588 | +0.040% | $97K | $196K | 20x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1610 | +0.228% | $4.3M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1591 | +0.069% | $156K | $150K | 10x | as long as short |
| Pacifica ZROlong | +0.0100% | 1h | 1.1583 | long leg | $134K | $178K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1583 | +0.001% | $21.6M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1574 | −0.081% | $17.6M | $13.9M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Backpack ZRO_USDC_PERP
Lighter ZRO
Aster ZROUSDT
Binance ZROUSDT
Bybit 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 | 1.1590 | +0.057% | $3.2M | $7.8M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1580 | −0.029% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1589 | +0.049% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1579 | −0.037% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1574 | −0.081% | $2.6M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1581 | −0.020% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1590 | +0.057% | $2.2M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1610 | +0.230% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1582 | −0.012% | $98K | $844K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1567 | −0.143% | $20K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0221% | 1h | 1.1581 | −0.019% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1582 | −0.007% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0384% | 1h | 1.1603 | +0.170% | $255K | $404K | 25x | |
| Hyperliquid ZRO | +0.0478% | 1h | 1.1601 | +0.152% | $36.7M | $5.4M | 5x | as long as short |
| Extended ZRO-USD | +0.1088% | 1h | 1.1587 | +0.035% | $776K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1660 | +0.662% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP