ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%

Price spread now: BingX against Bybit+0.177%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1001.000% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days−0.169%−$17 · spread now +0.177%, 7d avg +0.064%

Together, before fees−0.217%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.113% dearer against Bybit than usual: you sell high and buy low (spread +0.177% now, against its 7-day average of +0.064%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZORAUSDT	0.008466	0.0100	pay 0.0050% / 4h	28m 14s	$2.3M	$1.7M	25x
Short	BingX ZORA-USDT	0.008481	0.0070	get 0.0035% / 4h	28m 14s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.177%Rate

Funding earned: −$6.3
Price spread: +0.177% → +0.064%: $11.28
Slippage, 4 orders: −$78.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$95.01
Costs to cover: 1.000%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 8 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, 4 min ago	4.13 bp	34.1 bp −$34	91.9 bp −$919	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	1.78 bp	17.5 bp −$17	72.2 bp −$722	602.9 bp −$60.3K	1093.2 bp −$546.6K

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	0.008477	+0.130%	$312	$5	5x	as long as short
BingX ZORA-USDTshort	+0.0070%	4h	0.008481	+0.177%	—	$6.5M	—
Lighter ZORA	+0.0096%	1h	0.008467	+0.012%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008480	+0.162%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008475	+0.111%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDTlong	+0.0100%	4h	0.008466	long leg	$2.3M	$1.7M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008460	−0.071%	$767K	$962K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008470	+0.047%	$157K	$81K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008476	+0.118%	$9.8M	$226K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008481	+0.177%	$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 ZORAUSDT	+0.0100%	4h	0.008484	+0.213%	$732K	$219K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008462	−0.053%	$126K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.292%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008468	+0.025%	$8K	$168K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0110%	1h	0.008473	+0.083%	$37K	$112K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008472	+0.071%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0353%	1h	0.008491	+0.295%	$1.6M	$322K	3x	as long as short