Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate+0.127%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$2032.031% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.342%+$34 · spread now +0.127%, 7d avg +0.073%

Together, before fees+0.323%+$32 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: Binance is 0.054% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZORA_USDT	0.008470	0.0100	pay 0.0050% / 4h	53m 37s	$155K	$77K	25x
Short	Binance ZORAUSDT	0.008481	0.0100	get 0.0050% / 4h	53m 37s	$2.5M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → +0.073%: $5.42
Slippage, 4 orders: −$178.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$197.63
Costs to cover: 2.031%
Break-even: never at this rate

Slippage from Gate: live order book, 62 min ago; Binance: live order book, 13 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 Gate live order book, 62 min ago	11.85 bp	82.3 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.36 bp	23.1 bp −$23	95.2 bp −$952	doesn't fit	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	0.008458	−0.138%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008475	+0.059%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008470	0.000%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008475	+0.061%	$26K	$12K	5x	as long as short
Binance ZORAUSDTshort	+0.0100%	4h	0.008481	+0.127%	$2.5M	$4.0M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008469	−0.012%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008469	−0.012%	$771K	$963K	10x	as long as short
Gate ZORA_USDTlong	+0.0100%	4h	0.008470	long leg	$155K	$77K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008478	+0.094%	$9.8M	$224K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008477	+0.083%	$751K	$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	0.008482	+0.142%	$732K	$219K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008468	−0.022%	$126K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.243%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008475	+0.059%	$8K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008466	−0.047%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0373%	1h	0.008474	+0.047%	$37K	$110K	10x	as long as short
Hyperliquid ZORA	+0.0688%	1h	0.008499	+0.342%	$1.6M	$328K	3x	as long as short