Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Extended+0.046%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.046% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it 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	Extended ZORA-USD	0.008400	0.0104	pay 0.0013% / 1h	58m 44s	$6K	$169K	5x
Short	Aster ZORAUSDT	0.008404	0.0100	get 0.0050% / 4h	2h 58m	$26K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$0.84
Price spread: +0.046% → 0.000%: $4.6
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.24
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 27 min ago; 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 Extended live order book, 27 min ago	4.74 bp	61.3 bp −$61	330.8 bp −$3,308	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
Backpack ZORA_USDC_PERP	−0.0145%	1h	0.008401	+0.008%	$36K	$118K	10x	as long as short
dYdX ZORA-USD	0.0000%	1h	0.008403	+0.027%	$309	$5	5x	as long as short
Variational Omni ZORA	+0.0004%	4h	0.008407	+0.075%	$125K	$26K	—	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008398	−0.027%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008391	−0.111%	$22K	$11K	3x	as long as short
Aster ZORAUSDTshort	+0.0100%	4h	0.008404	+0.046%	$26K	$28K	5x
Binance ZORAUSDT	+0.0100%	4h	0.008400	+0.001%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008385	−0.182%	$2.2M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008392	−0.099%	$763K	$970K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008390	−0.123%	$155K	$72K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZORA_USDT	+0.0100%	4h	0.008398	−0.027%	$9.8M	$227K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008402	+0.020%	$734K	$1.1M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008402	+0.020%	$733K	$214K	25x	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008580	+2.139%	$2K	$1.2M	20x	as long as short
Extended ZORA-USDlong	+0.0104%	1h	0.008400	long leg	$6K	$169K	5x
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008402	+0.020%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0480%	1h	0.008416	+0.187%	$1.6M	$320K	3x	as long as short