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: MEXC against Bitget+0.035%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1061.056% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.035%, 7d avg −0.004%

Together, before fees−0.165%−$17 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: MEXC is 0.040% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZORAUSDT	0.008506	0.0100	pay 0.0050% / 4h	2m 13s	$732K	$223K	25x
Short	MEXC ZORA_USDT	0.008509	0.0100	get 0.0050% / 4h	2m 13s	$9.9M	$227K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.004%: $3.96
Slippage, 4 orders: −$89.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$101.67
Costs to cover: 1.056%
Break-even: never at this rate

Slippage from Bitget: live order book, 53 min ago; MEXC: 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, 53 min ago	4.72 bp	44.3 bp −$44	192.9 bp −$1,929	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.17 bp	13.3 bp −$13	71.9 bp −$719	256.5 bp −$25.6K	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	0.008503	−0.037%	$313	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008501	−0.059%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008502	−0.047%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008504	−0.023%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008510	+0.043%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008492	−0.165%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008494	−0.141%	$768K	$964K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008500	−0.071%	$158K	$81K	25x	as long as short
MEXC ZORA_USDTshort	+0.0100%	4h	0.008509	+0.035%	$9.9M	$227K	50x
KuCoin ZORAUSDTM	+0.0100%	4h	0.008506	0.000%	$750K	$1.4M	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	0.008506	long leg	$732K	$223K	25x
Variational Omni ZORA	+0.0100%	4h	0.008461	−0.535%	$126K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008690	+2.163%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008506	−0.004%	$6K	$167K	5x	as long as short
Hyperliquid ZORA	+0.0176%	1h	0.008524	+0.212%	$1.6M	$314K	3x	as long as short
Backpack ZORA_USDC_PERP	+0.0188%	1h	0.008506	0.000%	$37K	$109K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008501	−0.059%	$1K	—	100x	as long as short