Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.047%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1421.420% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days+0.115%+$12 · spread now −0.047%, 7d avg +0.046%

Together, before fees+0.096%+$10 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: KuCoin is 0.093% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008576	0.0100	pay 0.0050% / 4h	3h 08m	$2.6M	$4.0M	50x
Short	KuCoin ZORAUSDTM	0.008572	0.0100	get 0.0050% / 4h	3h 08m	$785K	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.046%: −$9.29
Slippage, 4 orders: −$120.02
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$151.31
Costs to cover: 1.420%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 2 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, 14 min ago	1.18 bp	18.8 bp −$19	99.4 bp −$994	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	5.81 bp	56.0 bp −$56	562.5 bp −$5,625	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	0.008581	+0.058%	$316	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008566	−0.117%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008564	−0.140%	$21K	$12K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008591	+0.175%	$1.6M	$313K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008569	−0.077%	$26K	$26K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008576	long leg	$2.6M	$4.0M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008563	−0.152%	$2.4M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008568	−0.093%	$781K	$1.0M	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008560	−0.187%	$156K	$77K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008574	−0.023%	$10.0M	$229K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTMshort	+0.0100%	4h	0.008572	−0.047%	$785K	$1.3M	30x
Bitget ZORAUSDT	+0.0100%	4h	0.008579	+0.035%	$736K	$211K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008574	−0.023%	$33K	$114K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008555	−0.244%	$127K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008760	+2.146%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008573	−0.031%	$6K	$166K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008571	−0.058%	$1K	—	100x	as long as short