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: Binance against Bitget+0.094%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.094%, 7d avg −0.003%

Together, before fees−0.045%−$5 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: Binance is 0.097% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZORAUSDT	0.008514	0.0100	pay 0.0050% / 4h	14m 35s	$699K	$307K	25x
Short	Binance ZORAUSDT	0.008522	0.0100	get 0.0050% / 4h	14m 35s	$2.5M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → −0.003%: $9.74
Slippage, 4 orders: −$98.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$110.67
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from Bitget: live order book, 21 min ago; Binance: live order book, 7 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 Bitget live order book, 21 min ago	7.03 bp	29.2 bp −$29	228.7 bp −$2,287	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.76 bp	24.6 bp −$25	107.8 bp −$1,078	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	0.008513	−0.012%	$294	$19	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008514	0.000%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008501	−0.153%	$23K	$22K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008518	+0.050%	$26K	$15K	5x	as long as short
Binance ZORAUSDTshort	+0.0100%	4h	0.008522	+0.094%	$2.5M	$4.5M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008512	−0.023%	$2.4M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008516	+0.023%	$766K	$999K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008510	−0.047%	$156K	$89K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008519	+0.059%	$9.9M	$229K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008516	+0.023%	$751K	$1.6M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDTlong	+0.0100%	4h	0.008514	long leg	$699K	$307K	25x
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008509	−0.059%	$35K	$108K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008492	−0.256%	$127K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008690	+2.067%	$1K	$1.4M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008519	+0.065%	$6K	$196K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008502	−0.141%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0335%	1h	0.008533	+0.223%	$1.6M	$320K	3x	as long as short