Settings8H · net · $10k
Funding arb · Price arb /

ZORA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Hyperliquid against Aster+0.208%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.208% dearer against Aster than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZORAUSDT0.0084720.0100pay 0.0050% / 4h37m 36s$26K$28K5x
ShortHyperliquid ZORA0.0084900.0100get 0.0013% / 1h37m 36s$1.6M$315K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.208% → 0.000%
$20.82
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$3.82
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Hyperliquid live order book, 3 min ago2.35 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZORA-USD0.0000%1h0.008471−0.017%$312$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008468−0.051%$6.6Mas long as short
Lighter ZORA+0.0096%1h0.008459−0.158%$21K$12K3xas long as short
Hyperliquid ZORAshort+0.0100%1h0.008490+0.208%$1.6M$315K3x
Aster ZORAUSDTlong+0.0100%4h0.008472long leg$26K$28K5x
Binance ZORAUSDT+0.0100%4h0.008473+0.008%$2.5M$3.9M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008463−0.110%$2.3M$1.6M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008473+0.008%$772K$987K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008470−0.028%$156K$74K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008472−0.004%$9.8M$227K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZORAUSDTM+0.0100%4h0.008473+0.008%$765K$1.2M30xas long as short
Bitget ZORAUSDT+0.0100%4h0.008483+0.126%$741K$208K25xas long as short
Variational Omni ZORA+0.0100%4h0.008473+0.007%$126K$26Kas long as short
SunX ZORA-USDT+0.0100%4h0.008650+2.097%$2K$1.2M20xas long as short
Extended ZORA-USD+0.0104%1h0.008471−0.021%$6K$169K5xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008470−0.028%$1K100xas long as short
Backpack ZORA_USDC_PERP+0.0318%1h0.008475+0.031%$34K$114K10xas long as short