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

ZORA

all ZORA markets
SwapBacktest
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: KuCoin against Gate+0.071%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$266as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2622.618% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.071%, 7d avg +0.089%
Together, before fees−0.009%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ZORA_USDT0.0084600.0100pay 0.0050% / 4h26m 28s$157K$81K25x
ShortKuCoin ZORAUSDTM0.0084660.0100get 0.0050% / 4h26m 28s$746K$1.4M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.071% → +0.089%
−$1.8
Slippage, 4 orders
−$234.77
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$263.57
Costs to cover
2.618%
Break-even
never at this rate
Slippage from Gate: live order book, 24 min ago; KuCoin: live order book, 4 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 Gate live order book, 24 min ago11.85 bp73.2 bp −$73doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago10.61 bp47.9 bp −$48542.1 bp −$5,421doesn'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
dYdX ZORA-USD0.0000%1h0.008468+0.090%$312$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008464+0.047%$6.5Mas long as short
Lighter ZORA+0.0096%1h0.008463+0.035%$22K$14K3xas long as short
Aster ZORAUSDT+0.0100%4h0.008472+0.143%$26K$12K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008465+0.063%$2.5M$4.1M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008452−0.095%$2.3M$1.7M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.0084600.000%$766K$961K10xas long as short
Gate ZORA_USDTlong+0.0100%4h0.008460long leg$157K$81K25x
MEXC ZORA_USDT+0.0100%4h0.008466+0.071%$9.8M$226K50xas long as short
KuCoin ZORAUSDTMshort+0.0100%4h0.008466+0.071%$746K$1.4M30x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDT+0.0100%4h0.008475+0.177%$731K$219K25xas long as short
Variational Omni ZORA+0.0100%4h0.008462+0.018%$126K$25Kas long as short
SunX ZORA-USDT+0.0100%4h0.008660+2.364%$2K$1.3M20xas long as short
Extended ZORA-USD+0.0104%1h0.008467+0.081%$8K$166K5xas long as short
Backpack ZORA_USDC_PERP+0.0105%1h0.008476+0.189%$37K$111K10xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0231% / S −0.0433%1h0.0084600.000%$1K100xas long as short
Hyperliquid ZORA+0.0327%1h0.008484+0.284%$1.6M$322K3xas long as short