Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Gate−0.012%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZORA_USDT	0.008420	0.0100	pay 0.0050% / 4h	2h 06m	$154K	$78K	25x
Short	Lighter ZORA	0.008419	0.0096	get 0.0012% / 1h	6m 15s	$22K	$15K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$0.84
Price spread: −0.012% → 0.000%: −$1.19
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.03
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 55 min ago; Lighter: 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, 55 min ago	5.89 bp	73.6 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	0.008434	+0.168%	$310	$5	5x	as long as short
Lighter ZORAshort	+0.0096%	1h	0.008419	−0.012%	$22K	$15K	3x
Hyperliquid ZORA	+0.0100%	1h	0.008455	+0.416%	$1.6M	$319K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008435	+0.181%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008437	+0.202%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008425	+0.059%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008434	+0.166%	$765K	$962K	10x	as long as short
Gate ZORA_USDTlong	+0.0100%	4h	0.008420	long leg	$154K	$78K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008439	+0.226%	$9.8M	$229K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008436	+0.190%	$758K	$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	0.008433	+0.154%	$722K	$208K	25x	as long as short
BingX ZORA-USDT	+0.0100%	4h	0.008432	+0.143%	—	$6.6M	—	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008416	−0.047%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008630	+2.494%	$2K	$1.2M	20x	as long as short
Backpack ZORA_USDC_PERP	+0.0103%	1h	0.008442	+0.261%	$36K	$108K	10x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008435	+0.178%	$6K	$164K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008432	+0.143%	$1K	—	100x	as long as short