ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.052%

Price spread now: Backpack against dYdX−0.082%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Backpack

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—needs both histories

Funding pays, the price is against you. Backpack is 0.082% cheaper against dYdX than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 25 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZORA-USD	0.008472	0	get 0.0000% / 1h	31m 00s	$312	$5	5x
Short	Backpack ZORA_USDC_PERP	0.008465	0.0268	get 0.0033% / 1h	31m 00s	$34K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.082%Rate

Funding earned: $56.18
Price spread: −0.082% → 0.000%: −$8.2
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $27.97
Costs to cover: 0.200%
Break-even: 3.5 days

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 47 min ago. 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 Backpack live order book, 47 min ago	0.59 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit

dYdX: 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	0.008472	long leg	$312	$5	5x
BingX ZORA-USDT	+0.0070%	4h	0.008462	−0.117%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008453	−0.224%	$21K	$12K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008470	−0.020%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008465	−0.079%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008452	−0.235%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008457	−0.176%	$770K	$986K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008470	−0.023%	$156K	$74K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008464	−0.094%	$9.8M	$228K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008463	−0.106%	$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	0.008474	+0.024%	$741K	$208K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008450	−0.265%	$126K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008650	+2.102%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008462	−0.116%	$6K	$169K	5x	as long as short
Hyperliquid ZORA	+0.0147%	1h	0.008483	+0.130%	$1.6M	$315K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008465	−0.082%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERPshort	+0.0268%	1h	0.008465	−0.082%	$34K	$114K	10x