Funding arb · Price arb /

ZORA

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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: OKX against Binance−0.139%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1331.329% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.196%+$20 · spread now −0.139%, 7d avg −0.010%

Together, before fees+0.179%+$18 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: OKX is 0.130% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008486	0.0100	pay 0.0050% / 4h	3h 56m	$2.5M	$4.1M	50x
Short	OKX ZORA-USDT-SWAP	0.008474	0.0100	get 0.0050% / 4h	3h 56m	$766K	$962K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.010%: −$12.95
Slippage, 4 orders: −$112.91
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$145.86
Costs to cover: 1.329%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; OKX: live order book, 44 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, 10 min ago	1.18 bp	23.6 bp −$24	113.8 bp −$1,138	doesn't fit	doesn't fit
Sell OKX live order book, 44 min ago	2.97 bp	44.8 bp −$45	127.2 bp −$1,272	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	0.008494	+0.092%	$313	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008480	−0.069%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008477	−0.104%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008487	+0.010%	$26K	$12K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008486	long leg	$2.5M	$4.1M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008466	−0.234%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAPshort	+0.0100%	4h	0.008474	−0.139%	$766K	$962K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008480	−0.069%	$157K	$78K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008488	+0.026%	$9.8M	$223K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008487	+0.014%	$752K	$1.4M	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	0.008490	+0.049%	$731K	$224K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008485	−0.010%	$37K	$109K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008481	−0.063%	$126K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.052%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008488	+0.022%	$6K	$167K	5x	as long as short
Hyperliquid ZORA	+0.0182%	1h	0.008500	+0.167%	$1.6M	$314K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008479	−0.080%	$1K	—	100x	as long as short