ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%

Price spread now: BingX against Gate−0.094%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1511.511% of the position

Long on Gate Short on BingX

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)+0.185%+$18 · spread now −0.094%, 7d avg +0.031%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.125% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

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	32m 41s	$156K	$74K	25x
Short	BingX ZORA-USDT	0.008462	0.0070	get 0.0035% / 4h	32m 41s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$6.3
Price spread: −0.094% → +0.031%: −$12.54
Slippage, 4 orders: −$126.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$169.91
Costs to cover: 1.511%
Break-even: never at this rate

Slippage from Gate: live order book, 38 min ago; BingX: live order book, 4 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, 38 min ago	5.94 bp	66.7 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	1.77 bp	15.7 bp −$16	52.2 bp −$522	573.1 bp −$57.3K	1101.6 bp −$550.8K

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	0.008472	+0.023%	$312	$5	5x	as long as short
BingX ZORA-USDTshort	+0.0070%	4h	0.008462	−0.094%	—	$6.6M	—
Lighter ZORA	+0.0096%	1h	0.008457	−0.153%	$21K	$12K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008472	+0.022%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008469	−0.012%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008455	−0.177%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008460	−0.118%	$771K	$989K	10x	as long as short
Gate ZORA_USDTlong	+0.0100%	4h	0.008470	long leg	$156K	$74K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008467	−0.035%	$9.8M	$228K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008466	−0.047%	$765K	$1.2M	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	0.008474	+0.047%	$741K	$208K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008453	−0.200%	$126K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.243%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008465	−0.065%	$6K	$169K	5x	as long as short
Hyperliquid ZORA	+0.0122%	1h	0.008485	+0.177%	$1.6M	$315K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008469	−0.012%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0293%	1h	0.008467	−0.035%	$34K	$114K	10x	as long as short