Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.023%
Price spread now: KuCoin against Backpack−0.024%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1471.469% of the position
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.024%, 7d avg −0.015%
=The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZORA_USDC_PERP | 0.008456 | 0.0117 | pay 0.0015% / 1h | 27m 05s | $36K | $110K | 10x |
| Short | KuCoin ZORAUSDTM | 0.008454 | 0.0100 | get 0.0050% / 4h | 2h 27m | $763K | $1.3M | 30x |
Backpack ZORA_USDC_PERP
KuCoin ZORAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.63
- Price spread: −0.024% → −0.015%
- −$0.86
- Slippage, 4 orders
- −$124.88
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$151.37
- Costs to cover
- 1.469%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 41 min ago; KuCoin: live order book, 3 min ago.
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 Backpack live order book, 41 min ago | 1.16 bp | 12.7 bp −$13 | 219.1 bp −$2,191 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 10.05 bp | 53.3 bp −$53 | 548.4 bp −$5,484 | doesn't fit | doesn't fit |
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 | 0.008449 | −0.081% | $311 | $5 | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008449 | −0.083% | — | $6.6M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008441 | −0.177% | $22K | $15K | 3x | as long as short |
| Hyperliquid ZORA | +0.0100% | 1h | 0.008458 | +0.024% | $1.6M | $320K | 3x | as long as short |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008459 | +0.032% | $26K | $26K | 5x | as long as short |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008453 | −0.034% | $2.5M | $4.0M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008443 | −0.154% | $2.3M | $1.7M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008445 | −0.130% | $769K | $963K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008450 | −0.071% | $154K | $78K | 25x | as long as short |
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008455 | −0.012% | $9.8M | $228K | 50x | as long as short |
dYdX ZORA-USD
BingX ZORA-USDT
Lighter ZORA
Hyperliquid ZORA
Aster ZORAUSDT
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
MEXC ZORA_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZORAUSDTMshort | +0.0100% | 4h | 0.008454 | −0.024% | $763K | $1.3M | 30x | |
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008459 | +0.035% | $724K | $209K | 25x | as long as short |
| Variational Omni ZORA | +0.0100% | 4h | 0.008436 | −0.234% | $125K | $26K | — | as long as short |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008650 | +2.294% | $2K | $1.2M | 20x | as long as short |
| Extended ZORA-USD | +0.0104% | 1h | 0.008454 | −0.020% | $9K | $164K | 5x | as long as short |
| Backpack ZORA_USDC_PERPlong | +0.0117% | 1h | 0.008456 | long leg | $36K | $110K | 10x | |
| GMX ZORA/USD [ETH-USDC] | L +0.0230% / S −0.0433% | 1h | 0.008453 | −0.035% | $1K | — | 100x | as long as short |
Bitget ZORAUSDT
Variational Omni ZORA
SunX ZORA-USDT
Extended ZORA-USD
GMX ZORA/USD [ETH-USDC]