Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.029%
Price spread now: Pacifica against Lighter−0.262%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$630.627% of the position
Funding, last 7 days−0.372%−$37 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.262%, 7d avg −0.159%
=Together, before fees−0.290%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$29 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: Pacifica is 0.103% cheaper against Lighter than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.159%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1627 | 0.0096 | pay 0.0012% / 1h | 34m 48s | $4.3M | $1.2M | 5x |
| Short | Pacifica ZRO | 1.1596 | 0.0100 | get 0.0013% / 1h | 34m 48s | $136K | $176K | 5x |
Lighter ZRO
Pacifica ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Lighter. 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: −0.262% → −0.159%
- −$10.28
- Slippage, 4 orders
- −$54.71
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$72.15
- Costs to cover
- 0.627%
- Break-even
- 608.3 days
Slippage from Lighter: live order book, 3 min ago; Pacifica: 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 Lighter live order book, 3 min ago | 6.84 bp | 13.0 bp −$13 | 83.1 bp −$831 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 13 min ago | 6.87 bp | 16.0 bp −$16 | 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 | −0.246% | $21K | $5K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0030% | 1h | 1.1636 | +0.079% | $93K | $218K | 20x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0063% | 4h | 1.1646 | +0.165% | $20K | $4K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1627 | long leg | $4.3M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1607 | −0.170% | $36.8M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1617 | −0.082% | $157K | $150K | 10x | as long as short |
| Pacifica ZROshort | +0.0100% | 1h | 1.1596 | −0.262% | $136K | $176K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1588 | −0.334% | $21.7M | $29.5M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1593 | −0.291% | $17.8M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1594 | −0.282% | $3.2M | $7.7M | 20x | as long as short |
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
Orderly PERP_ZRO_USDC
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 | 1.1620 | −0.058% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1585 | −0.360% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1608 | −0.162% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1592 | −0.299% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1604 | −0.196% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1599 | −0.242% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1590 | −0.317% | $39K | $678K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1651 | +0.208% | $102K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1640 | +0.114% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0122% | 4h | 1.1642 | +0.131% | $1.1M | $249K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0160% | 1h | 1.1648 | +0.187% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0164% | 1h | 1.1651 | +0.205% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1648 | +0.182% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0706% | 1h | 1.1657 | +0.259% | $254K | $336K | 25x | as long as short |
| Extended ZRO-USD | +0.0944% | 1h | 1.1604 | −0.193% | $795K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1670 | +0.372% | $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
Extended ZRO-USD
Injective ZRO/USDC PERP