Funding you earn now, next payment 05:00 UTC−0.0361%/8h= −39.6% APRnext payment −$0.45 per $10,000 · paid last 24h +0.075%
Price spread now: Pacifica against Kraken Futures−0.258%7-day average −0.081% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 4 days (all we have)+0.487%+$49 · spread now −0.258%, 7d avg −0.081%
=Together, before fees+0.301%+ Points / potential airdropPacifica: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Pacifica is 0.177% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.081%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.186% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 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 | 1.1750 | 0.0461 | pay 0.0058% / 1h | 22m 26s | $256K | $384K | 25x |
| Short | Pacifica ZRO | 1.1720 | 0.0100 | get 0.0013% / 1h | 22m 26s | $136K | $178K | 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
- −$75.86
- Price spread: −0.258% → −0.081%
- −$17.69
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$111.55
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 30 min ago; Pacifica: live order book, 30 min ago. Net counts fees only.
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, 30 min ago | 31.31 bp | 54.0 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 30 min ago | 3.38 bp | 16.6 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDC | +0.0050% | 4h | 1.1729 | −0.181% | $21K | $5K | 10x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1736 | −0.123% | $158K | $150K | 10x | as long as short |
| Pacifica ZROshort | +0.0100% | 1h | 1.1720 | −0.258% | $136K | $178K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1726 | −0.207% | $22.0M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1720 | −0.258% | $17.9M | $13.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1725 | −0.215% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1720 | −0.258% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1723 | −0.232% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1723 | −0.232% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1725 | −0.215% | $2.7M | $2.6M | 75x | as long as short |
Orderly PERP_ZRO_USDC
Aster ZROUSDT
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZRO-USDT | +0.0100% | 4h | 1.1720 | −0.258% | — | $16.3M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1737 | −0.113% | $97K | $222K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1739 | −0.093% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1760 | +0.083% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1735 | −0.130% | $100K | $850K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1727 | −0.199% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0108% | 1h | 1.1718 | −0.271% | $21K | $4K | 5x | as long as short |
| Lighter ZRO | +0.0112% | 1h | 1.1745 | −0.044% | $4.4M | $1.2M | 5x | as long as short |
| BloFin ZRO-USDT | +0.0128% | 4h | 1.1744 | −0.053% | $1.1M | $250K | 75x | as long as short |
| Nado ZRO-PERP | +0.0233% | 1h | 1.1731 | −0.162% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1725 | −0.214% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0344% | 1h | 1.1734 | −0.142% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0461% | 1h | 1.1750 | long leg | $256K | $384K | 25x | |
| Hyperliquid ZRO | +0.0587% | 1h | 1.1746 | −0.036% | $37.3M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1128% | 1h | 1.1726 | −0.205% | $804K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1800 | +0.423% | $12K | $261K | 12x | as long as short |
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Lighter ZRO
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP