Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Gate+0.128%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: 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 0.128% dearer against Gate than usual: you sell high and buy low, +$13 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	Gate ZORA_USDT	0.008540	0.0100	pay 0.0050% / 4h	2h 00m	$163K	$84K	25x
Short	Aster ZORAUSDT	0.008551	0.0100	get 0.0050% / 4h	2h 00m	$26K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → 0.000%: $12.76
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.24
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 40 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 Gate live order book, 40 min ago	5.94 bp	94.0 bp −$94	doesn't fit	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
dYdX ZORA-USD	0.0000%	1h	0.008540	+0.006%	$314	—	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008541	+0.012%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008536	−0.047%	$22K	$16K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008561	+0.246%	$1.6M	$307K	3x	as long as short
Aster ZORAUSDTshort	+0.0100%	4h	0.008551	+0.128%	$26K	$15K	5x
Binance ZORAUSDT	+0.0100%	4h	0.008550	+0.117%	$2.5M	$4.3M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008532	−0.094%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008546	+0.070%	$771K	$997K	10x	as long as short
Gate ZORA_USDTlong	+0.0100%	4h	0.008540	long leg	$163K	$84K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008545	+0.059%	$9.9M	$236K	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	0.008548	+0.094%	$757K	$1.5M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008553	+0.152%	$699K	$283K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008545	+0.059%	$37K	$106K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008530	−0.118%	$127K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008730	+2.225%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008546	+0.075%	$6K	$204K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008543	+0.035%	$1K	—	100x	as long as short