Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.212%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1181.176% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days−0.227%−$23 · spread now +0.212%, 7d avg +0.096%

Together, before fees−0.245%−$25 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: Binance is 0.116% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZORAUSDT	0.008448	0.0100	pay 0.0050% / 4h	1h 39m	$2.3M	$1.7M	25x
Short	Binance ZORAUSDT	0.008466	0.0100	get 0.0050% / 4h	1h 39m	$2.5M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → +0.096%: $11.61
Slippage, 4 orders: −$96.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.02
Costs to cover: 1.176%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 13 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 Bybit live order book, 3 min ago	2.94 bp	37.0 bp −$37	100.3 bp −$1,003	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.76 bp	21.9 bp −$22	102.6 bp −$1,026	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
Backpack ZORA_USDC_PERP	−0.0326%	1h	0.008458	+0.118%	$37K	$106K	10x	as long as short
dYdX ZORA-USD	0.0000%	1h	0.008478	+0.357%	$312	—	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008455	+0.083%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008459	+0.130%	$22K	$16K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008483	+0.414%	$1.6M	$308K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008467	+0.227%	$26K	$15K	5x	as long as short
Binance ZORAUSDTshort	+0.0100%	4h	0.008466	+0.212%	$2.5M	$4.4M	50x
Bybit ZORAUSDTlong	+0.0100%	4h	0.008448	long leg	$2.3M	$1.7M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008456	+0.095%	$764K	$980K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008450	+0.024%	$161K	$82K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZORA_USDT	+0.0100%	4h	0.008469	+0.249%	$9.8M	$234K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008471	+0.272%	$752K	$1.5M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008462	+0.166%	$691K	$289K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008497	+0.580%	$127K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008700	+2.983%	$1K	$1.4M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008472	+0.286%	$6K	$201K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008465	+0.201%	$1K	—	100x	as long as short