Funding you earn now, next payment 07:00 UTC+0.0416%/8h= +45.5% APRnext payment +$0.52 per $10,000 · paid last 24h −0.054%
Price spread now: Kraken Futures against Pacifica+0.057%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1131.130% of the position
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.057%, 7d avg +0.078%
=Together, before fees+0.087%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.021% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.057% now, against its 7-day average of +0.078%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.198% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.198% in total (about 10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 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 | 1.1653 | 0.0100 | pay 0.0013% / 1h | 0m 41s | $137K | $171K | 5x |
| Short | Kraken Futures PF_ZROUSD | 1.1660 | 0.0516 | get 0.0064% / 1h | 0m 41s | $254K | $298K | 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
- $87.31
- Price spread: +0.057% → +0.078%
- −$2.07
- Slippage, 4 orders
- −$94.99
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$27.75
- Costs to cover
- 1.130%
- Break-even
- 9.2 days
Slippage from Pacifica: live order book, 42 min ago; Kraken Futures: live order book, 42 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, 42 min ago | 3.42 bp | 16.7 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 42 min ago | 31.62 bp | 44.6 bp −$45 | 147.7 bp −$1,477 | 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 | +0.0026% | 1h | 1.1652 | −0.007% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0064% | 1h | 1.1654 | +0.005% | $4K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0094% | 4h | 1.1647 | −0.053% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1671 | +0.153% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1658 | +0.042% | $36.9M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1659 | +0.051% | $157K | $149K | 10x | as long as short |
| Pacifica ZROlong | +0.0100% | 1h | 1.1653 | long leg | $137K | $171K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1649 | −0.038% | $21.8M | $29.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1646 | −0.061% | $17.8M | $13.3M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1652 | −0.010% | $3.2M | $7.6M | 20x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
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 | 1.1650 | −0.027% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1648 | −0.044% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1662 | +0.076% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1645 | −0.070% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1649 | −0.036% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1639 | −0.122% | $2.3M | $771K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | +0.316% | $39K | $669K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1654 | +0.007% | $99K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1648 | −0.042% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0142% | 4h | 1.1643 | −0.087% | $1.0M | $202K | 75x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0199% | 1h | 1.1652 | −0.010% | $95K | $216K | 20x | as long as short |
| Nado ZRO-PERP | +0.0249% | 1h | 1.1651 | −0.018% | $1.3M | $128K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1646 | −0.058% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0516% | 1h | 1.1660 | +0.057% | $254K | $298K | 25x | |
| Extended ZRO-USD | +0.0768% | 1h | 1.1653 | +0.003% | $797K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1317% | 1h | 1.1730 | +0.659% | $12K | $261K | 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
Backpack ZRO_USDC_PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP