Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Aster−0.078%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.078% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZORAUSDT	0.008391	0.0100	pay 0.0050% / 4h	2h 14m	$26K	$28K	5x
Short	Binance ZORAUSDT	0.008385	0.0100	get 0.0050% / 4h	2h 14m	$2.5M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BinancebpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → 0.000%: −$7.79
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Binance: live order book, 7 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 Aster no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	0.60 bp	24.3 bp −$24	94.4 bp −$944	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZORA on 17 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 ZORA-USD	0.0000%	1h	0.008396	+0.052%	$309	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008383	−0.101%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008372	−0.232%	$22K	$11K	3x	as long as short
Aster ZORAUSDTlong	+0.0100%	4h	0.008391	long leg	$26K	$28K	5x
Binance ZORAUSDTshort	+0.0100%	4h	0.008385	−0.078%	$2.5M	$4.0M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008375	−0.196%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008379	−0.149%	$765K	$969K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008380	−0.137%	$154K	$73K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008385	−0.077%	$9.7M	$230K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008397	+0.066%	$739K	$1.1M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008391	−0.006%	$732K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008387	−0.053%	$33K	$119K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008379	−0.153%	$124K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008570	+2.128%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008387	−0.053%	$6K	$169K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008385	−0.077%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0352%	1h	0.008401	+0.114%	$1.6M	$318K	3x	as long as short