Funding arb · Price arb /

ZORA

all ZORA markets

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: OKX against Gate+0.107%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2392.393% of the position

Long on Gate Short on OKX

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)+0.136%+$14 · spread now +0.107%, 7d avg +0.025%

Together, before fees+0.118%+$12 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: OKX is 0.082% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZORA_USDT	0.008430	0.0100	pay 0.0050% / 4h	2h 37m	$161K	$83K	25x
Short	OKX ZORA-USDT-SWAP	0.008439	0.0100	get 0.0050% / 4h	2h 37m	$765K	$973K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → +0.025%: $8.17
Slippage, 4 orders: −$214.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$231.17
Costs to cover: 2.393%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; OKX: live order book, 58 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, 3 min ago	5.94 bp	94.0 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 58 min ago	2.94 bp	36.9 bp −$37	115.4 bp −$1,154	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	0.008441	+0.136%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008440	+0.119%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008433	+0.036%	$21K	$15K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008445	+0.174%	$26K	$16K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008446	+0.184%	$2.5M	$4.3M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008429	−0.012%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAPshort	+0.0100%	4h	0.008439	+0.107%	$765K	$973K	10x
Gate ZORA_USDTlong	+0.0100%	4h	0.008430	long leg	$161K	$83K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008441	+0.130%	$9.8M	$224K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008445	+0.178%	$744K	$1.5M	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	0.008449	+0.225%	$685K	$285K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008443	+0.154%	$34K	$106K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008425	−0.063%	$127K	$24K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008620	+2.254%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008437	+0.086%	$7K	$196K	5x	as long as short
Hyperliquid ZORA	+0.0119%	1h	0.008456	+0.308%	$1.6M	$307K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008434	+0.047%	$1K	—	100x	as long as short