Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against dYdX+0.045%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 Bitget

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.045% dearer against dYdX than usual: you sell high and buy low: +$5 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	0.008421	0	get 0.0000% / 1h	11m 41s	$310	$5	5x
Short	Bitget ZORAUSDT	0.008425	0.0100	get 0.0050% / 4h	1h 11m	$735K	$211K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.045%Rate

Funding earned: $21
Price spread: +0.045% → 0.000%: $4.51
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $3.51
Costs to cover: 0.220%
Break-even: 5.8 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	4.74 bp	33.6 bp −$34	104.0 bp −$1,040	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	0.008421	long leg	$310	$5	5x
BingX ZORA-USDT	+0.0070%	4h	0.008419	−0.026%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008413	−0.097%	$22K	$11K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008439	+0.211%	$1.6M	$318K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008429	+0.094%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008428	+0.081%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008408	−0.157%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008420	−0.014%	$766K	$975K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008420	−0.014%	$157K	$75K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008426	+0.057%	$9.8M	$228K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008422	+0.009%	$774K	$1.1M	30x	as long as short
Bitget ZORAUSDTshort	+0.0100%	4h	0.008425	+0.045%	$735K	$211K	25x
Variational Omni ZORA	+0.0100%	4h	0.008400	−0.252%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008600	+2.123%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008424	+0.036%	$6K	$169K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0154%	1h	0.008427	+0.069%	$34K	$116K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008423	+0.021%	$1K	—	100x	as long as short