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: Gate against Binance−0.130%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1801.798% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.130%, 7d avg −0.075%

Together, before fees−0.082%−$8 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: Gate is 0.055% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008421	0.0100	pay 0.0050% / 4h	1h 17m	$2.5M	$3.9M	50x
Short	Gate ZORA_USDT	0.008410	0.0100	get 0.0050% / 4h	1h 17m	$157K	$75K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.075%: −$5.52
Slippage, 4 orders: −$154.79
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$185.3
Costs to cover: 1.798%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Gate: live order book, 59 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	20.3 bp −$20	106.5 bp −$1,065	doesn't fit	doesn't fit
Sell Gate live order book, 59 min ago	11.93 bp	78.1 bp −$78	doesn't fit	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	0.008420	−0.006%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008413	−0.095%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008403	−0.214%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008416	−0.056%	$26K	$28K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008421	long leg	$2.5M	$3.9M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008404	−0.202%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008412	−0.107%	$766K	$973K	10x	as long as short
Gate ZORA_USDTshort	+0.0100%	4h	0.008410	−0.130%	$157K	$75K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008417	−0.047%	$9.8M	$226K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008412	−0.107%	$770K	$1.1M	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	0.008425	+0.048%	$733K	$209K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008405	−0.184%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008590	+2.007%	$1K	$1.2M	20x	as long as short
Hyperliquid ZORA	+0.0102%	1h	0.008428	+0.083%	$1.6M	$317K	3x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008414	−0.079%	$6K	$169K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0121%	1h	0.008419	−0.024%	$34K	$116K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008416	−0.059%	$1K	—	100x	as long as short