Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.143%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1901.900% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.143%, 7d avg +0.016%

Together, before fees−0.192%−$19 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: KuCoin is 0.127% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZORAUSDT	0.008416	0.0100	pay 0.0050% / 4h	1h 39m	$719K	$215K	25x
Short	KuCoin ZORAUSDTM	0.008428	0.0100	get 0.0050% / 4h	1h 39m	$750K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → +0.016%: $12.7
Slippage, 4 orders: −$166.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$177.32
Costs to cover: 1.900%
Break-even: never at this rate

Slippage from Bitget: live order book, 21 min ago; KuCoin: live order book, 1 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	5.34 bp	50.4 bp −$50	205.5 bp −$2,055	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	8.89 bp	47.5 bp −$48	518.9 bp −$5,189	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	0.008444	+0.329%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008423	+0.083%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008410	−0.071%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008429	+0.152%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008420	+0.046%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008400	−0.190%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008403	−0.154%	$764K	$958K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008420	+0.048%	$154K	$78K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008426	+0.119%	$9.8M	$225K	50x	as long as short
KuCoin ZORAUSDTMshort	+0.0100%	4h	0.008428	+0.143%	$750K	$1.4M	30x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDTlong	+0.0100%	4h	0.008416	long leg	$719K	$215K	25x
Variational Omni ZORA	+0.0100%	4h	0.008423	+0.081%	$125K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008620	+2.424%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008413	−0.033%	$8K	$165K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008411	−0.059%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0261%	1h	0.008439	+0.273%	$36K	$110K	10x	as long as short
Hyperliquid ZORA	+0.0367%	1h	0.008442	+0.309%	$1.6M	$318K	3x	as long as short