Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Aster−0.058%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 MEXC

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: MEXC is 0.058% cheaper against Aster than usual: you would sell low and buy high, −$6 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	0.008479	0.0100	pay 0.0050% / 4h	27m 17s	$26K	$12K	5x
Short	MEXC ZORA_USDT	0.008474	0.0100	get 0.0050% / 4h	27m 17s	$9.8M	$226K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → 0.000%: −$5.81
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$17.81
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.18 bp	11.3 bp −$11	65.4 bp −$654	220.0 bp −$22.0K	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	0.008477	−0.023%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008479	+0.001%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008470	−0.105%	$22K	$14K	3x	as long as short
Aster ZORAUSDTlong	+0.0100%	4h	0.008479	long leg	$26K	$12K	5x
Binance ZORAUSDT	+0.0100%	4h	0.008480	+0.007%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008462	−0.200%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008458	−0.247%	$767K	$961K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008470	−0.105%	$157K	$81K	25x	as long as short
MEXC ZORA_USDTshort	+0.0100%	4h	0.008474	−0.058%	$9.8M	$226K	50x
KuCoin ZORAUSDTM	+0.0100%	4h	0.008478	−0.011%	$748K	$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	0.008484	+0.060%	$732K	$219K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008462	−0.205%	$126K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.136%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008472	−0.080%	$8K	$166K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0110%	1h	0.008473	−0.070%	$37K	$112K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008464	−0.176%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0338%	1h	0.008488	+0.107%	$1.6M	$322K	3x	as long as short