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

ZORA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Bitget−0.272%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.272% cheaper against Bitget than usual: you would sell low and buy high, −$27 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZORAUSDT0.0084700.0100pay 0.0050% / 4h29m 04s$740K$208K25x
ShortLighter ZORA0.0084470.0096get 0.0012% / 1h29m 04s$21K$12K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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: −0.272% → 0.000%
−$27.15
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$39.99
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 46 min ago; Lighter: no order-book sample. 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 Bitget live order book, 46 min ago4.74 bp23.4 bp −$23126.4 bp −$1,264doesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h0.008464−0.068%$311$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008454−0.189%$6.6Mas long as short
Lighter ZORAshort+0.0096%1h0.008447−0.272%$21K$12K3x
Aster ZORAUSDT+0.0100%4h0.008458−0.144%$26K$28K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008460−0.122%$2.5M$3.9M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008447−0.272%$2.3M$1.6M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008454−0.189%$770K$986K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008450−0.236%$156K$74K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008459−0.130%$9.8M$228K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008456−0.165%$765K$1.2M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDTlong+0.0100%4h0.008470long leg$740K$208K25x
Variational Omni ZORA+0.0100%4h0.008450−0.242%$126K$26Kas long as short
SunX ZORA-USDT+0.0100%4h0.008640+2.007%$2K$1.2M20xas long as short
Extended ZORA-USD+0.0104%1h0.008459−0.128%$6K$169K5xas long as short
Hyperliquid ZORA+0.0176%1h0.008477+0.083%$1.6M$316K3xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008456−0.165%$1K100xas long as short
Backpack ZORA_USDC_PERP+0.0243%1h0.008459−0.130%$34K$114K10xas long as short