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: KuCoin against Bybit+0.165%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1631.629% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.104%−$10 · spread now +0.165%, 7d avg +0.139%

Together, before fees−0.130%−$13 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: KuCoin is 0.026% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZORAUSDT	0.008493	0.0100	pay 0.0050% / 4h	3h 29m	$2.3M	$1.7M	25x
Short	KuCoin ZORAUSDTM	0.008507	0.0100	get 0.0050% / 4h	3h 29m	$752K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.165%Rate

Funding earned: $0
Price spread: +0.165% → +0.139%: $2.61
Slippage, 4 orders: −$139.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$160.29
Costs to cover: 1.629%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 6 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	2.94 bp	34.8 bp −$35	94.0 bp −$940	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	9.40 bp	46.5 bp −$47	537.1 bp −$5,371	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	0.008512	+0.224%	$313	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008513	+0.235%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008500	+0.082%	$22K	$14K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008523	+0.353%	$1.6M	$312K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008510	+0.197%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008508	+0.177%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDTlong	+0.0100%	4h	0.008493	long leg	$2.3M	$1.7M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008498	+0.059%	$769K	$953K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008500	+0.082%	$159K	$79K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008506	+0.153%	$9.9M	$224K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTMshort	+0.0100%	4h	0.008507	+0.165%	$752K	$1.5M	30x
Bitget ZORAUSDT	+0.0100%	4h	0.008517	+0.283%	$735K	$226K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008504	+0.130%	$126K	$24K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008690	+2.320%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008501	+0.091%	$7K	$170K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0137%	1h	0.008508	+0.177%	$37K	$105K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008508	+0.177%	$1K	—	100x	as long as short