Funding you earn now, next payment 01:00 UTC+0.1090%/8h= +119.3% APRnext payment +$1.36 per $10,000 · paid last 24h +0.116%
Price spread now: Injective against Pacifica+0.545%99s7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1161.156% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 3 days (all we have)−1.188%−$119 · spread now +0.545%, 7d avg −0.022%
=Together, before fees−1.396%+ Points / potential airdropPacifica: Active · farm board−$140 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Injective is 0.567% dearer against Pacifica than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of −0.022%. Mind the row above: over the last 7 days funding on this pair cost −0.207%, so the current rate has only just turned in your favour. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.36 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 | 1.1855 | 0.0100 | pay 0.0013% / 1h | 7m 34s | $137K | $168K | 5x |
| Short | Injective ZRO/USDC PERP | 1.1920 | 0.1190 | get 0.0149% / 1h | 7m 34s | $12K | $260K | 12x |
Pacifica ZRO
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $228.81
- Price spread: +0.545% → −0.022%
- $56.71
- Slippage, 4 orders
- −$107.59
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $169.91
- Costs to cover
- 1.156%
- Break-even
- 1.8 days
Slippage from Pacifica: live order book, 65 min ago; Injective: live order book, 1 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, 65 min ago | 6.39 bp | 20.2 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 1 min ago | 33.70 bp | 44.0 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0112% | 1h | 1.1844 | −0.099% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0010% | 4h | 1.1854 | −0.012% | $21K | $6K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1876 | +0.170% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1871 | +0.132% | $37.6M | $5.6M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1861 | +0.047% | $159K | $149K | 10x | as long as short |
| Pacifica ZROlong | +0.0100% | 1h | 1.1855 | long leg | $137K | $168K | 5x | |
| Binance ZROUSDT | +0.0100% | 4h | 1.1852 | −0.029% | $22.2M | $30.1M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1847 | −0.071% | $18.1M | $14.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1850 | −0.046% | $3.2M | $8.0M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1860 | +0.039% | $1.4M | $1.5M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1852 | −0.029% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1860 | +0.039% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1858 | +0.022% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1852 | −0.029% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1845 | −0.087% | $2.3M | $853K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1860 | +0.039% | $37K | $686K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1862 | +0.056% | $93K | $840K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1850 | −0.046% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0124% | 4h | 1.1879 | +0.199% | $1.1M | $258K | 75x | as long as short |
| dYdX ZRO-USD | +0.0188% | 1h | 1.1855 | −0.007% | $21K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0289% | 1h | 1.1852 | −0.025% | $1.4M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1861 | +0.050% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0299% | 1h | 1.1872 | +0.144% | $255K | $408K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0453% | 1h | 1.1859 | +0.030% | $98K | $207K | 20x | as long as short |
| Extended ZRO-USD | +0.1168% | 1h | 1.1855 | +0.001% | $792K | $613K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1190% | 1h | 1.1920 | +0.545% | $12K | $260K | 12x |
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
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Extended ZRO-USD