Settings8H · net · $10k
Funding arb · Price arb /

ZORA

all ZORA markets
SwapBacktest
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: SunX against BingX+2.273%7-day average +2.186% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 3 days (all we have)+0.052%+$5 · spread now +2.273%, 7d avg +2.186%
Together, before fees+0.136%+$14 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 SunX is 0.087% dearer against BingX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +2.186%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZORA-USDT0.0084480.0070pay 0.0035% / 4h3h 39m$6.6M
ShortSunX ZORA-USDT0.0086400.0100get 0.0050% / 4h3h 39m$1K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$6.3
Price spread: +2.273% → +2.186%
$8.66
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$3.04
Costs to cover
0.180%
Break-even
10.4 days
Slippage unknown: BingX: live order book, 7 min ago; SunX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 7 min ago1.78 bp14.2 bp −$1452.0 bp −$520587.3 bp −$58.7Kdoesn't fit
Sell SunX live order book, 4 min ago248.70 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ZORA on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZORA-USD0.0000%1h0.008432−0.185%$310$55xas long as short
BingX ZORA-USDTlong+0.0070%4h0.008448long leg$6.6M
Lighter ZORA+0.0096%1h0.008433−0.178%$21K$11K3xas long as short
Aster ZORAUSDT+0.0100%4h0.008447−0.010%$26K$26K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008444−0.050%$2.5M$3.9M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008440−0.095%$2.3M$1.6M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008436−0.142%$769K$981K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008440−0.095%$155K$71K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008440−0.095%$9.8M$227K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008442−0.071%$772K$1.2M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDT+0.0100%4h0.008444−0.047%$725K$205K25xas long as short
Backpack ZORA_USDC_PERP+0.0100%1h0.008453+0.059%$34K$113K10xas long as short
Variational Omni ZORA+0.0100%4h0.008428−0.240%$125K$26Kas long as short
SunX ZORA-USDTshort+0.0100%4h0.008640+2.273%$1K$1.2M20x
Extended ZORA-USD+0.0104%1h0.008446−0.026%$9K$168K5xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008433−0.178%$1K100xas long as short
Hyperliquid ZORA+0.0309%1h0.008455+0.083%$1.6M$314K3xas long as short