Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: MEXC against Extended+0.119%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1541.537% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.506%−$51 · spread now +0.119%, 7d avg +0.034%

Together, before fees−0.530%+ Points / potential airdropExtended: Active · farm board−$53 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: MEXC is 0.085% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZORA-USD	0.008480	0.0104	pay 0.0013% / 1h	35m 03s	$8K	$165K	5x
Short	MEXC ZORA_USDT	0.008490	0.0100	get 0.0050% / 4h	1h 35m	$9.9M	$225K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee ExtendedbpFee MEXCbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$0.84
Price spread: +0.119% → +0.034%: $8.53
Slippage, 4 orders: −$144.66
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$145.97
Costs to cover: 1.537%
Break-even: never at this rate

Slippage from Extended: live order book, 26 min ago; MEXC: live order book, 3 min ago.

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, 26 min ago	4.15 bp	59.2 bp −$59	380.3 bp −$3,803	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.78 bp	15.8 bp −$16	72.3 bp −$723	238.1 bp −$23.8K	doesn't fit

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-USD	0.0000%	1h	0.008455	−0.297%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008483	+0.037%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008487	+0.084%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008485	+0.058%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008486	+0.072%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008478	−0.022%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008474	−0.069%	$770K	$966K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008470	−0.116%	$155K	$78K	25x	as long as short
MEXC ZORA_USDTshort	+0.0100%	4h	0.008490	+0.119%	$9.9M	$225K	50x
KuCoin ZORAUSDTM	+0.0100%	4h	0.008481	+0.013%	$754K	$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	0.008485	+0.060%	$725K	$215K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008452	−0.330%	$125K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008680	+2.360%	$2K	$1.3M	20x	as long as short
Extended ZORA-USDlong	+0.0104%	1h	0.008480	long leg	$8K	$165K	5x
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008486	+0.072%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0297%	1h	0.008493	+0.155%	$36K	$110K	10x	as long as short
Hyperliquid ZORA	+0.0384%	1h	0.008505	+0.296%	$1.6M	$319K	3x	as long as short