Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0333%/8h= +36.5% APRpaid last 24h +0.089%

Price spread now: GMX against Aster+0.140%51s7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and GMX is 0.140% dearer against Aster than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZORAUSDT	0.008469	0.0100	pay 0.0050% / 4h	1h 15m	$26K	$12K	5x
Short	GMX ZORA/USD [ETH-USDC]	0.008481	L +0.0231% / S −0.0433%	get 0.0054% / 1h	15m 30s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $70.02
Price spread: +0.140% → 0.000%: $14.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $64.06
Costs to cover: 0.200%
Break-even: 0.6 days

Slippage unknown: Aster: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample	—	—	—	—	—

Aster and GMX: 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	0.008466	−0.035%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008461	−0.096%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008460	−0.108%	$22K	$14K	3x	as long as short
Aster ZORAUSDTlong	+0.0100%	4h	0.008469	long leg	$26K	$12K	5x
Binance ZORAUSDT	+0.0100%	4h	0.008463	−0.077%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008461	−0.096%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008461	−0.096%	$767K	$962K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008460	−0.108%	$155K	$78K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008472	+0.034%	$9.8M	$228K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008471	+0.022%	$753K	$1.4M	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	0.008476	+0.081%	$724K	$215K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008466	−0.033%	$126K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.254%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008470	+0.005%	$6K	$169K	5x	as long as short
GMX ZORA/USD [ETH-USDC]short	L +0.0231% / S −0.0433%	1h	0.008481	+0.140%	$1K	—	100x
Hyperliquid ZORA	+0.0231%	1h	0.008488	+0.223%	$1.6M	$325K	3x	as long as short
Backpack ZORA_USDC_PERP	+0.0405%	1h	0.008479	+0.117%	$36K	$110K	10x	as long as short