Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.140%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.144%−$14 · spread now +0.140%, 7d avg −0.003%

Together, before fees−0.144%−$14 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: MEXC is 0.143% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008559	0.0100	pay 0.0050% / 4h	1h 58m	$2.6M	$4.3M	50x
Short	MEXC ZORA_USDT	0.008571	0.0100	get 0.0050% / 4h	1h 58m	$10.0M	$232K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → −0.003%: $14.26
Slippage, 4 orders: −$64.77
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$64.51
Costs to cover: 0.788%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; MEXC: 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, 9 min ago	1.76 bp	25.2 bp −$25	128.1 bp −$1,281	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.93 bp	14.3 bp −$14	62.9 bp −$629	212.6 bp −$21.3K	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	0.008548	−0.132%	$315	—	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008554	−0.059%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008555	−0.047%	$22K	$16K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008575	+0.186%	$1.6M	$307K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008562	+0.031%	$26K	$15K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008559	long leg	$2.6M	$4.3M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008537	−0.258%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008544	−0.176%	$774K	$996K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008550	−0.106%	$164K	$81K	25x	as long as short
MEXC ZORA_USDTshort	+0.0100%	4h	0.008571	+0.140%	$10.0M	$232K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008560	+0.011%	$758K	$1.5M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008563	+0.046%	$702K	$284K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008557	−0.024%	$37K	$106K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008530	−0.340%	$127K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008760	+2.348%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008546	−0.158%	$6K	$204K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008555	−0.047%	$1K	—	100x	as long as short