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

ZORA

all ZORA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Aster−0.277%7-day average · you buy dearer than you sell
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 6 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 · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.277% cheaper against Aster than usual: you would sell low and buy high, −$28 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZORAUSDT0.0085200.0100pay 0.0050% / 4h3h 31m$26K$12K5x
ShortLighter ZORA0.0084960.0096get 0.0012% / 1h31m 18s$22K$14K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: −0.277% → 0.000%
−$27.69
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$36.53
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Lighter: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Lighter no order-book sample
Aster and Lighter: 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%1h0.008504−0.186%$313$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008518−0.019%$6.5Mas long as short
Lighter ZORAshort+0.0096%1h0.008496−0.277%$22K$14K3x
Hyperliquid ZORA+0.0100%1h0.008538+0.216%$1.6M$312K3xas long as short
Aster ZORAUSDTlong+0.0100%4h0.008520long leg$26K$12K5x
Binance ZORAUSDT+0.0100%4h0.008520−0.001%$2.5M$4.1M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008501−0.218%$2.3M$1.7M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008510−0.113%$770K$954K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008510−0.113%$159K$79K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008515−0.054%$9.9M$224K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZORAUSDTM+0.0100%4h0.008513−0.077%$754K$1.5M30xas long as short
Bitget ZORAUSDT+0.0100%4h0.008529+0.110%$734K$223K25xas long as short
Variational Omni ZORA+0.0100%4h0.008493−0.318%$126K$25Kas long as short
SunX ZORA-USDT+0.0100%4h0.008710+2.235%$2K$1.3M20xas long as short
Extended ZORA-USD+0.0104%1h0.008520−0.001%$7K$170K5xas long as short
Backpack ZORA_USDC_PERP+0.0128%1h0.008511−0.101%$37K$105K10xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0231% / S −0.0433%1h0.008516−0.042%$1K100xas long as short