Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Aster against dYdX+0.059%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.059% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZORA-USD	0.008448	0	get 0.0000% / 1h	7m 21s	$311	$5	5x
Short	Aster ZORAUSDT	0.008453	0.0100	get 0.0050% / 4h	7m 21s	$26K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now +0.059%Rate

Funding earned: $21
Price spread: +0.059% → 0.000%: $5.93
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $8.93
Costs to cover: 0.180%
Break-even: 4.0 days

Slippage unknown: dYdX: no order-book sample; Aster: no order-book sample. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

dYdX and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDlong	0.0000%	1h	0.008448	long leg	$311	$5	5x
BingX ZORA-USDT	+0.0070%	4h	0.008446	−0.023%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008435	−0.153%	$21K	$12K	3x	as long as short
Aster ZORAUSDTshort	+0.0100%	4h	0.008453	+0.059%	$26K	$28K	5x
Binance ZORAUSDT	+0.0100%	4h	0.008448	−0.001%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008442	−0.070%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008436	−0.141%	$767K	$988K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008440	−0.094%	$156K	$74K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008449	+0.012%	$9.8M	$229K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008451	+0.036%	$765K	$1.2M	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	0.008461	+0.154%	$728K	$218K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008428	−0.239%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008640	+2.273%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008452	+0.052%	$6K	$169K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0139%	1h	0.008454	+0.072%	$34K	$114K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008446	−0.023%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0423%	1h	0.008464	+0.190%	$1.6M	$315K	3x	as long as short