ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%

Price spread now: Backpack against Binance+0.036%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$760.757% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.036%, 7d avg +0.029%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008376	0.0100	pay 0.0050% / 4h	1h 55m	$2.5M	$3.9M	50x
Short	Backpack ZORA_USDC_PERP	0.008379	0.0100	get 0.0013% / 1h	55m 48s	$33K	$117K	10x

Funding history

latest

Range statsloading…

Backpack against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BinancebpFee BackpackbpOrdersPrice spread, now +0.036%Rate

Slippage from Binance: live order book, 11 min ago; Backpack: live order book, 27 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 11 min ago	0.60 bp	24.6 bp −$25	111.1 bp −$1,111	doesn't fit	doesn't fit
Sell Backpack live order book, 27 min ago	0.60 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit

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	0.008375	−0.006%	$308	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008374	−0.024%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008368	−0.095%	$22K	$11K	3x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008351	−0.302%	$124K	$26K	—	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008380	+0.045%	$26K	$28K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008376	long leg	$2.5M	$3.9M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008369	−0.083%	$2.2M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008374	−0.024%	$764K	$962K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008370	−0.071%	$154K	$72K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008378	+0.024%	$9.7M	$223K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008377	+0.012%	$779K	$1.1M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008378	+0.024%	$731K	$207K	25x	as long as short
Backpack ZORA_USDC_PERPshort	+0.0100%	1h	0.008379	+0.036%	$33K	$117K	10x
SunX ZORA-USDT	+0.0100%	4h	0.008560	+2.197%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008378	+0.023%	$6K	$169K	5x	as long as short
Hyperliquid ZORA	+0.0200%	1h	0.008392	+0.191%	$1.6M	$317K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008377	+0.012%	$1K	—	100x	as long as short