Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.050%
Price spread now: Lighter against Pacifica+0.090%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$740.744% of the position
Funding, last 7 days+0.372%+$37 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.090%, 7d avg +0.166%
=Together, before fees+0.468%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · 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: Lighter is 0.076% cheaper against Pacifica than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.166%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ZRO | 1.1775 | 0.0100 | pay 0.0013% / 1h | 47m 03s | $143K | $197K | 5x |
| Short | Lighter ZRO | 1.1785 | 0.0096 | get 0.0012% / 1h | 47m 03s | $4.6M | $1.2M | 5x |
Pacifica ZRO
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.090% → +0.166%
- −$7.56
- Slippage, 4 orders
- −$66.41
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$82.81
- Costs to cover
- 0.744%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 41 min ago; Lighter: live order book, 6 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, 41 min ago | 4.24 bp | 18.7 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 5.87 bp | 16.0 bp −$16 | 85.0 bp −$850 | 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 | −0.0312% | 1h | 1.1768 | −0.057% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0041% | 4h | 1.1778 | +0.028% | $21K | $7K | 10x | as long as short |
| Bybit ZROUSDT | −0.0035% | 4h | 1.1764 | −0.091% | $18.1M | $16.3M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1779 | +0.032% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0007% | 4h | 1.1773 | −0.014% | $3.2M | $9.2M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0077% | 4h | 1.1776 | +0.011% | $1.1M | $265K | 75x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1785 | +0.090% | $4.6M | $1.2M | 5x | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1715 | −0.507% | $2.2M | $893K | — | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1791 | +0.138% | $37.4M | $7.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1789 | +0.117% | $157K | $162K | 10x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Bybit ZROUSDT
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
BloFin ZRO-USDT
Variational Omni ZRO
Hyperliquid ZRO
Aster ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ZROlong | +0.0100% | 1h | 1.1775 | long leg | $143K | $197K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1774 | −0.007% | $22.3M | $34.2M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1780 | +0.045% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1771 | −0.031% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1769 | −0.048% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1768 | −0.057% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1770 | −0.040% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1780 | +0.045% | $92K | $206K | 20x | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.380% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1783 | +0.070% | $86K | $996K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1772 | −0.020% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0201% | 1h | 1.1774 | −0.006% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1782 | +0.065% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0318% | 1h | 1.1788 | +0.112% | $249K | $576K | 25x | as long as short |
| Extended ZRO-USD | +0.0968% | 1h | 1.1771 | −0.036% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1830 | +0.470% | $12K | $145K | 12x | as long as short |
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP