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: Bitget against Bybit+0.239%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1111.115% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.589%−$59 · spread now +0.239%, 7d avg +0.122%

Together, before fees−0.560%−$56 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: Bitget is 0.117% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZORAUSDT	0.008370	0.0100	pay 0.0050% / 4h	2h 54m	$2.2M	$1.6M	25x
Short	Bitget ZORAUSDT	0.008390	0.0100	get 0.0050% / 4h	2h 54m	$732K	$214K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.239%Rate

Funding earned: $0
Price spread: +0.239% → +0.122%: $11.68
Slippage, 4 orders: −$88.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$99.81
Costs to cover: 1.115%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 30 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, 2 min ago	2.99 bp	21.0 bp −$21	79.3 bp −$793	doesn't fit	doesn't fit
Sell Bitget live order book, 30 min ago	9.49 bp	21.0 bp −$21	115.2 bp −$1,152	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	−0.0418%	1h	0.008392	+0.263%	$36K	$118K	10x	as long as short
dYdX ZORA-USD	0.0000%	1h	0.008394	+0.287%	$309	$5	5x	as long as short
Variational Omni ZORA	+0.0005%	4h	0.008374	+0.047%	$124K	$26K	—	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008380	+0.119%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008378	+0.096%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008390	+0.240%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008386	+0.195%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDTlong	+0.0100%	4h	0.008370	long leg	$2.2M	$1.6M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008373	+0.036%	$761K	$965K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008380	+0.119%	$155K	$72K	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	0.008385	+0.179%	$9.7M	$228K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008387	+0.203%	$736K	$1.1M	30x	as long as short
Bitget ZORAUSDTshort	+0.0100%	4h	0.008390	+0.239%	$732K	$214K	25x
SunX ZORA-USDT	+0.0100%	4h	0.008570	+2.389%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008383	+0.151%	$6K	$169K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008394	+0.287%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0579%	1h	0.008398	+0.335%	$1.6M	$318K	3x	as long as short