Funding you earn now, next payment 06:00 UTC+0.0844%/8h= +92.4% APRnext payment +$1.05 per $10,000 · paid last 24h +0.161%
Price spread now: Extended against Pacifica−0.074%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$886as in the Funding arb table
Net, price: spread back to 7d avg − costs−$910as in the Price arb table
costs, in and out, $10k−$9069.061% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.074%, 7d avg −0.038%
=Together, before fees+0.287%+ Points / potential airdropPacifica: Active · Extended: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.035% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.038%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.204% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.204% in total (about 10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.05 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 | 1.1596 | 0.0100 | pay 0.0013% / 1h | 34m 30s | $136K | $176K | 5x |
| Short | Extended ZRO-USD | 1.1588 | 0.0944 | get 0.0118% / 1h | 34m 30s | $795K | $625K | 10x |
Pacifica ZRO
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $177.24
- Price spread: −0.074% → −0.038%
- −$3.52
- Slippage, 4 orders
- −$893.13
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$732.41
- Costs to cover
- 9.061%
- Break-even
- 35.9 days
Slippage from Pacifica: live order book, 13 min ago; Extended: live order book, 13 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, 13 min ago | 6.87 bp | 17.8 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 13 min ago | 12.40 bp | 18.7 bp −$19 | 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 | +0.0011% | 1h | 1.1598 | +0.015% | $21K | $5K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0030% | 1h | 1.1636 | +0.342% | $93K | $218K | 20x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0063% | 4h | 1.1646 | +0.428% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1627 | +0.263% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1607 | +0.092% | $36.8M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1616 | +0.170% | $156K | $150K | 10x | as long as short |
| Pacifica ZROlong | +0.0100% | 1h | 1.1596 | long leg | $136K | $176K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1584 | −0.102% | $21.7M | $29.5M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1591 | −0.046% | $17.8M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1588 | −0.072% | $3.2M | $7.7M | 20x | as long as short |
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1600 | +0.031% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1585 | −0.098% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1608 | +0.100% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1592 | −0.038% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1590 | −0.055% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1599 | +0.020% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1590 | −0.055% | $39K | $678K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1651 | +0.471% | $102K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1640 | +0.376% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0122% | 4h | 1.1642 | +0.394% | $1.1M | $249K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0152% | 1h | 1.1589 | −0.067% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0182% | 1h | 1.1587 | −0.077% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1648 | +0.445% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0706% | 1h | 1.1657 | +0.522% | $254K | $336K | 25x | as long as short |
| Extended ZRO-USDshort | +0.0944% | 1h | 1.1588 | −0.074% | $795K | $625K | 10x | |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1670 | +0.635% | $12K | $260K | 12x | as long as short |
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
BloFin ZRO-USDT
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP