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: OKX against Aster−0.233%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 OKX

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: OKX is 0.233% cheaper against Aster than usual: you would sell low and buy high, −$23 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	0.008480	0.0100	pay 0.0050% / 4h	28m 08s	$26K	$12K	5x
Short	OKX ZORA-USDT-SWAP	0.008460	0.0100	get 0.0050% / 4h	28m 08s	$767K	$962K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.233%Rate

Funding earned: $0
Price spread: −0.233% → 0.000%: −$23.26
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$41.26
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; OKX: live order book, 13 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 OKX live order book, 13 min ago	2.97 bp	44.8 bp −$45	127.2 bp −$1,272	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	0.008477	−0.032%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008481	+0.015%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008467	−0.150%	$22K	$14K	3x	as long as short
Aster ZORAUSDTlong	+0.0100%	4h	0.008480	long leg	$26K	$12K	5x
Binance ZORAUSDT	+0.0100%	4h	0.008475	−0.051%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008466	−0.162%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAPshort	+0.0100%	4h	0.008460	−0.233%	$767K	$962K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008470	−0.115%	$157K	$81K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008476	−0.044%	$9.8M	$226K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008481	+0.015%	$750K	$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	+0.050%	$732K	$219K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008462	−0.215%	$126K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.126%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008468	−0.137%	$8K	$168K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0110%	1h	0.008473	−0.079%	$37K	$112K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008472	−0.091%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0353%	1h	0.008491	+0.133%	$1.6M	$322K	3x	as long as short