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

ZORA

all ZORA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bitget−0.088%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1881.877% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)+0.400%+$40 · spread now −0.088%, 7d avg −0.037%
Together, before fees+0.373%+ Points / potential airdropExtended: Active · farm board+$37 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: Extended is 0.051% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZORAUSDT0.0083900.0100pay 0.0050% / 4h2h 54m$732K$214K25x
ShortExtended ZORA-USD0.0083830.0104get 0.0013% / 1h54m 52s$6K$169K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.088% → −0.037%
−$5.1
Slippage, 4 orders
−$170.74
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$192.01
Costs to cover
1.877%
Break-even
1607.1 days
Slippage from Bitget: live order book, 30 min ago; Extended: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 30 min ago9.49 bp42.2 bp −$42140.1 bp −$1,401doesn't fitdoesn't fit
Sell Extended live order book, 31 min ago4.74 bp63.3 bp −$63359.5 bp −$3,595doesn'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
Backpack ZORA_USDC_PERP−0.0418%1h0.008392+0.024%$36K$118K10xas long as short
dYdX ZORA-USD0.0000%1h0.008394+0.048%$309$55xas long as short
Variational Omni ZORA+0.0005%4h0.008374−0.191%$124K$26Kas long as short
BingX ZORA-USDT+0.0070%4h0.008380−0.119%$6.6Mas long as short
Lighter ZORA+0.0096%1h0.008378−0.143%$22K$11K3xas long as short
Aster ZORAUSDT+0.0100%4h0.008390+0.001%$26K$28K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008386−0.043%$2.5M$4.0M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008370−0.238%$2.2M$1.6M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008373−0.203%$761K$965K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008380−0.119%$155K$72K25xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ZORA_USDT+0.0100%4h0.008385−0.060%$9.7M$228K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008387−0.036%$736K$1.1M30xas long as short
Bitget ZORAUSDTlong+0.0100%4h0.008390long leg$732K$214K25x
SunX ZORA-USDT+0.0100%4h0.008570+2.145%$1K$1.2M20xas long as short
Extended ZORA-USDshort+0.0104%1h0.008383−0.088%$6K$169K5x
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008394+0.048%$1K100xas long as short
Hyperliquid ZORA+0.0579%1h0.008398+0.095%$1.6M$318K3xas long as short