ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%

Price spread now: KuCoin against BingX+0.117%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1381.382% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.076%−$8 · spread now +0.117%, 7d avg +0.073%

Together, before fees−0.052%−$5 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 KuCoin is 0.044% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZORA-USDT	0.008557	0.0070	pay 0.0035% / 4h	1h 06m	—	$6.5M	—
Short	KuCoin ZORAUSDTM	0.008567	0.0100	get 0.0050% / 4h	1h 06m	$759K	$1.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.117%Rate

Funding earned: $6.3
Price spread: +0.117% → +0.073%: $4.35
Slippage, 4 orders: −$116.23
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$127.58
Costs to cover: 1.382%
Break-even: 148.8 days

Slippage from BingX: live order book, 15 min ago; KuCoin: live order book, 4 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, 15 min ago	2.33 bp	16.1 bp −$16	67.8 bp −$678	514.9 bp −$51.5K	doesn't fit
Sell KuCoin live order book, 4 min ago	8.74 bp	55.7 bp −$56	551.3 bp −$5,513	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	+0.0003%	1h	0.008563	+0.073%	$295	$19	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0068%	1h	0.008561	+0.047%	$36K	$105K	10x	as long as short
BingX ZORA-USDTlong	+0.0070%	4h	0.008557	long leg	—	$6.5M	—
Lighter ZORA	+0.0096%	1h	0.008564	+0.082%	$20K	$18K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008582	+0.292%	$1.6M	$317K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008561	+0.049%	$26K	$15K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008569	+0.138%	$2.5M	$4.5M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008544	−0.152%	$2.4M	$1.8M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008560	+0.035%	$775K	$1.0M	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008550	−0.082%	$164K	$86K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZORA_USDT	+0.0100%	4h	0.008568	+0.129%	$10.0M	$236K	50x	as long as short
KuCoin ZORAUSDTMshort	+0.0100%	4h	0.008567	+0.117%	$759K	$1.6M	30x
Bitget ZORAUSDT	+0.0100%	4h	0.008573	+0.187%	$701K	$304K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008535	−0.252%	$127K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008750	+2.255%	$2K	$1.4M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008566	+0.107%	$8K	$203K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008559	+0.023%	$1K	—	100x	as long as short