Funding you earn now, next payment 08:00 UTC−0.0331%/8h= −36.3% APRnext payment −$0.41 per $10,000 · paid last 24h +0.046%
Price spread now: Pacifica against Kraken Futures−0.122%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1281.282% of the position
Funding, last 7 days−0.208%−$21 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.122%, 7d avg −0.077%
=Together, before fees−0.085%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Pacifica is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.208% in total (about -10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 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 | Kraken Futures PF_ZROUSD | 1.1677 | 0.0431 | pay 0.0054% / 1h | 13m 59s | $254K | $294K | 25x |
| Short | Pacifica ZRO | 1.1662 | 0.0100 | get 0.0013% / 1h | 13m 59s | $137K | $165K | 5x |
Kraken Futures PF_ZROUSD
Pacifica ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Kraken Futures. 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
- −$69.6
- Price spread: −0.122% → −0.077%
- −$4.46
- Slippage, 4 orders
- −$110.21
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$202.27
- Costs to cover
- 1.282%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 24 min ago; Pacifica: live order book, 24 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 Kraken Futures live order book, 24 min ago | 39.04 bp | 44.0 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 24 min ago | 3.01 bp | 10.4 bp −$10 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0006% | 1h | 1.1661 | −0.131% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0008% | 1h | 1.1665 | −0.102% | $4K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0077% | 4h | 1.1630 | −0.399% | $1.0M | $198K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0085% | 4h | 1.1670 | −0.056% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1686 | +0.084% | $4.3M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1663 | −0.114% | $1.3M | $125K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1690 | +0.115% | $37.0M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1672 | −0.039% | $157K | $150K | 10x | as long as short |
| Pacifica ZROshort | +0.0100% | 1h | 1.1662 | −0.122% | $137K | $165K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1672 | −0.039% | $21.8M | $28.7M | 75x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
BloFin ZRO-USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Nado ZRO-PERP
Hyperliquid ZRO
Aster ZROUSDT
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1666 | −0.090% | $17.8M | $13.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1677 | +0.004% | $3.2M | $7.6M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1660 | −0.142% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1675 | −0.013% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1663 | −0.116% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1667 | −0.082% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1665 | −0.099% | — | $21.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1677 | +0.004% | $94K | $213K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1620 | −0.487% | $2.3M | $759K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1640 | −0.313% | $39K | $669K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1669 | −0.065% | $99K | $811K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1665 | −0.099% | $21K | — | 3x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1641 | −0.302% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0431% | 1h | 1.1677 | long leg | $254K | $294K | 25x | |
| Extended ZRO-USD | +0.0528% | 1h | 1.1672 | −0.043% | $797K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1271% | 1h | 1.1680 | +0.030% | $12K | $261K | 12x | as long as short |
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
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
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP