ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%

Price spread now: Bitget against BingX+0.130%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1101.098% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.130%, 7d avg +0.045%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.085% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZORA-USDT	0.008487	0.0070	pay 0.0035% / 4h	30m 57s	—	$6.5M	—
Short	Bitget ZORAUSDT	0.008498	0.0100	get 0.0050% / 4h	30m 57s	$733K	$219K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.130%Rate

Funding earned: $6.3
Price spread: +0.130% → +0.045%: $8.5
Slippage, 4 orders: −$87.77
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.97
Costs to cover: 1.098%
Break-even: 112.5 days

Slippage from BingX: live order book, 5 min ago; Bitget: live order book, 25 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 BingX live order book, 5 min ago	1.78 bp	12.6 bp −$13	56.4 bp −$564	592.6 bp −$59.3K	doesn't fit
Sell Bitget live order book, 25 min ago	4.72 bp	35.4 bp −$35	151.4 bp −$1,514	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	0.008464	−0.271%	$311	$5	5x	as long as short
BingX ZORA-USDTlong	+0.0070%	4h	0.008487	long leg	—	$6.5M	—
Lighter ZORA	+0.0096%	1h	0.008471	−0.189%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008481	−0.068%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008493	+0.074%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008484	−0.035%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008486	−0.012%	$768K	$967K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008480	−0.082%	$157K	$81K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008483	−0.047%	$9.8M	$226K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008481	−0.071%	$750K	$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 ZORAUSDTshort	+0.0100%	4h	0.008498	+0.130%	$733K	$219K	25x
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008479	−0.094%	$37K	$112K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008462	−0.300%	$126K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.038%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008486	−0.009%	$8K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008475	−0.141%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0426%	1h	0.008496	+0.106%	$1.6M	$322K	3x	as long as short