Settings8H · net · $10k
Funding arb · Price arb /

ZORA

all ZORA markets
SwapBacktest
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: Bitget against Extended+0.068%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1881.877% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 4 days (all we have)−0.379%−$38 · spread now +0.068%, 7d avg +0.037%
Together, before fees−0.352%+ Points / potential airdropExtended: Active · farm board−$35 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.030% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ZORA-USD0.0083850.0104pay 0.0013% / 1h56m 15s$6K$169K5x
ShortBitget ZORAUSDT0.0083910.0100get 0.0050% / 4h2h 56m$732K$214K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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

Funding earned
−$0.84
Price spread: +0.068% → +0.037%
$3.05
Slippage, 4 orders
−$170.74
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$185.54
Costs to cover
1.877%
Break-even
never at this rate
Slippage from Extended: live order book, 29 min ago; Bitget: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 29 min ago4.74 bp61.3 bp −$61330.8 bp −$3,308doesn't fitdoesn't fit
Sell Bitget live order book, 29 min ago9.49 bp21.0 bp −$21115.2 bp −$1,152doesn't fitdoesn't fit

ZORA on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack ZORA_USDC_PERP−0.0389%1h0.008387+0.020%$36K$118K10xas long as short
dYdX ZORA-USD0.0000%1h0.008394+0.103%$309$55xas long as short
Variational Omni ZORA+0.0004%4h0.008407+0.254%$125K$26Kas long as short
BingX ZORA-USDT+0.0070%4h0.008382−0.040%$6.6Mas long as short
Lighter ZORA+0.0096%1h0.008379−0.075%$22K$11K3xas long as short
Aster ZORAUSDT+0.0100%4h0.008391+0.068%$26K$28K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008387+0.021%$2.5M$4.0M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008374−0.135%$2.2M$1.6M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008377−0.099%$761K$965K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008390+0.056%$155K$72K25xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ZORA_USDT+0.0100%4h0.008386+0.008%$9.7M$228K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008392+0.080%$735K$1.1M30xas long as short
Bitget ZORAUSDTshort+0.0100%4h0.008391+0.068%$732K$214K25x
SunX ZORA-USDT+0.0100%4h0.008570+2.202%$1K$1.2M20xas long as short
Extended ZORA-USDlong+0.0104%1h0.008385long leg$6K$169K5x
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008385−0.004%$1K100xas long as short
Hyperliquid ZORA+0.0537%1h0.008402+0.199%$1.6M$321K3xas long as short