Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Gate against dYdX−0.049%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 Gate

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. Gate is 0.049% cheaper against dYdX than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 39 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZORA-USD	0.008434	0	get 0.0000% / 1h	5m 17s	$310	$5	5x
Short	Gate ZORA_USDT	0.008430	0.0100	get 0.0050% / 4h	2h 05m	$154K	$78K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.049%Rate

Funding earned: $21
Price spread: −0.049% → 0.000%: −$4.93
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$8.93
Costs to cover: 0.250%
Break-even: 10.0 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 56 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 Gate live order book, 56 min ago	5.89 bp	65.6 bp −$66	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	0.008434	long leg	$310	$5	5x
Lighter ZORA	+0.0096%	1h	0.008422	−0.144%	$22K	$15K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008457	+0.271%	$1.6M	$319K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008436	+0.021%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008439	+0.062%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008428	−0.073%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008434	−0.002%	$765K	$962K	10x	as long as short
Gate ZORA_USDTshort	+0.0100%	4h	0.008430	−0.049%	$154K	$78K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008437	+0.034%	$9.8M	$229K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008433	−0.014%	$758K	$1.4M	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	0.008434	−0.002%	$722K	$208K	25x	as long as short
BingX ZORA-USDT	+0.0100%	4h	0.008433	−0.014%	—	$6.6M	—	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008419	−0.179%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008640	+2.441%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008440	+0.070%	$6K	$164K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0113%	1h	0.008436	+0.022%	$36K	$108K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008436	+0.022%	$1K	—	100x	as long as short