Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Binance−0.189%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$800.804% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days+0.152%+$15 · spread now −0.189%, 7d avg −0.091%

Together, before fees+0.173%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.098% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008468	0.0100	pay 0.0050% / 4h	31m 34s	$2.5M	$3.9M	50x
Short	Bybit ZORAUSDT	0.008452	0.0100	get 0.0050% / 4h	31m 34s	$2.3M	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.189%Rate

Funding earned: $0
Price spread: −0.189% → −0.091%: −$9.83
Slippage, 4 orders: −$59.39
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$90.22
Costs to cover: 0.804%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 5 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 Binance live order book, 5 min ago	0.59 bp	16.0 bp −$16	77.0 bp −$770	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.18 bp	19.7 bp −$20	70.5 bp −$705	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	0.008472	+0.047%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008462	−0.071%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008455	−0.154%	$21K	$12K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008470	+0.028%	$26K	$28K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008468	long leg	$2.5M	$3.9M	50x
Bybit ZORAUSDTshort	+0.0100%	4h	0.008452	−0.189%	$2.3M	$1.6M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008460	−0.094%	$770K	$987K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008470	+0.024%	$156K	$74K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008464	−0.047%	$9.8M	$228K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008464	−0.047%	$764K	$1.2M	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	0.008475	+0.083%	$741K	$208K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008453	−0.177%	$126K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008650	+2.149%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008463	−0.059%	$6K	$169K	5x	as long as short
Hyperliquid ZORA	+0.0144%	1h	0.008484	+0.189%	$1.6M	$315K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008467	−0.012%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0279%	1h	0.008469	+0.012%	$34K	$114K	10x	as long as short