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: OKX against BingX−0.071%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1111.106% of the position

Long on BingX Short on OKX

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+0.125%+$12 · spread now −0.071%, 7d avg +0.020%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.091% cheaper against BingX than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.020%). If the spread goes back, that is −$9 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.001% in total) that is about 17 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZORA-USDT	0.008450	0.0070	pay 0.0035% / 4h	2h 49m	—	$6.6M	—
Short	OKX ZORA-USDT-SWAP	0.008444	0.0100	get 0.0050% / 4h	2h 49m	$770K	$997K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $6.3
Price spread: −0.071% → +0.020%: −$9.14
Slippage, 4 orders: −$90.56
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$113.4
Costs to cover: 1.106%
Break-even: 133.0 days

Slippage from BingX: live order book, 2 min ago; OKX: 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 BingX live order book, 2 min ago	1.78 bp	12.7 bp −$13	62.9 bp −$629	582.7 bp −$58.3K	doesn't fit
Sell OKX live order book, 2 min ago	2.96 bp	42.7 bp −$43	125.0 bp −$1,250	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	0.008450	0.000%	$311	$5	5x	as long as short
BingX ZORA-USDTlong	+0.0070%	4h	0.008450	long leg	—	$6.6M	—
Lighter ZORA	+0.0096%	1h	0.008437	−0.154%	$22K	$12K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008458	+0.095%	$1.6M	$316K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008458	+0.092%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008451	+0.014%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008437	−0.154%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAPshort	+0.0100%	4h	0.008444	−0.071%	$770K	$997K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008450	0.000%	$155K	$78K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008452	+0.024%	$9.8M	$226K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008455	+0.059%	$771K	$1.3M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008457	+0.083%	$724K	$215K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008453	+0.036%	$36K	$112K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008431	−0.228%	$126K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008640	+2.249%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008449	−0.017%	$9K	$169K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008449	−0.012%	$1K	—	100x	as long as short