Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.6% APRpaid last 24h +0.004%

Price spread now: Hyperliquid against Binance+0.167%7-day average +0.076% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.173%−$17 · spread now +0.167%, 7d avg +0.076%

Together, before fees−0.122%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.091% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008380	0.0100	pay 0.0050% / 4h	1h 56m	$2.5M	$3.9M	50x
Short	Hyperliquid ZORA	0.008394	0.0196	get 0.0025% / 1h	56m 25s	$1.6M	$317K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.167%Rate

Funding earned: $20.25
Price spread: +0.167% → +0.076%: $9.09
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $10.34
Costs to cover: 0.190%
Break-even: 3.4 days

Slippage unknown: Binance: live order book, 10 min ago; Hyperliquid: live order book, 4 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 Binance live order book, 10 min ago	0.60 bp	24.6 bp −$25	111.1 bp −$1,111	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.79 bp	doesn't fit	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	0.008375	−0.054%	$308	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008381	+0.012%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008372	−0.095%	$22K	$11K	3x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008351	−0.350%	$124K	$26K	—	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008379	−0.006%	$26K	$28K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008380	long leg	$2.5M	$3.9M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008369	−0.131%	$2.2M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008376	−0.048%	$764K	$963K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008370	−0.119%	$154K	$72K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008383	+0.036%	$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	0.008383	+0.036%	$779K	$1.1M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008381	+0.012%	$732K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008375	−0.060%	$33K	$117K	10x	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008550	+2.029%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008382	+0.027%	$6K	$169K	5x	as long as short
Hyperliquid ZORAshort	+0.0196%	1h	0.008394	+0.167%	$1.6M	$317K	3x
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008377	−0.036%	$1K	—	100x	as long as short