Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against Bitget−0.071%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1451.449% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 4 days (all we have)+0.271%+$27 · spread now −0.071%, 7d avg −0.043%

Together, before fees+0.196%+$20 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: OKX is 0.028% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZORAUSDT	0.008403	0.0100	pay 0.0050% / 4h	1h 43m	$733K	$205K	25x
Short	OKX ZORA-USDT-SWAP	0.008397	0.0100	get 0.0050% / 4h	1h 43m	$764K	$967K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.043%: −$2.79
Slippage, 4 orders: −$122.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$147.74
Costs to cover: 1.449%
Break-even: never at this rate

Slippage from Bitget: live order book, 37 min ago; OKX: live order book, 38 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, 37 min ago	11.89 bp	27.4 bp −$27	131.8 bp −$1,318	doesn't fit	doesn't fit
Sell OKX live order book, 38 min ago	3.57 bp	40.3 bp −$40	117.6 bp −$1,176	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	0.008404	+0.011%	$309	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008399	−0.048%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008393	−0.119%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008405	+0.023%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008404	+0.012%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008392	−0.131%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAPshort	+0.0100%	4h	0.008397	−0.071%	$764K	$967K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008400	−0.036%	$155K	$73K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008408	+0.060%	$9.8M	$223K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008401	−0.024%	$782K	$1.1M	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	0.008403	long leg	$733K	$205K	25x
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008405	+0.024%	$33K	$117K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008372	−0.366%	$124K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008580	+2.106%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008408	+0.056%	$6K	$169K	5x	as long as short
Hyperliquid ZORA	+0.0139%	1h	0.008422	+0.226%	$1.6M	$317K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008401	−0.024%	$1K	—	100x	as long as short