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

ZORA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.011%
Price spread now: Aster against Hyperliquid−0.098%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.098% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZORA0.0084300.0407pay 0.0051% / 1h49m 32s$1.6M$315K3x
ShortAster ZORAUSDT0.0084220.0100get 0.0050% / 4h3h 49m$26K$26K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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
−$64.52
Price spread: −0.098% → 0.000%
−$9.76
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$91.29
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 11 min ago0.59 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZORA-USD0.0000%1h0.008417−0.150%$310$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008412−0.214%$6.6Mas long as short
Lighter ZORA+0.0096%1h0.008404−0.308%$21K$11K3xas long as short
Aster ZORAUSDTshort+0.0100%4h0.008422−0.098%$26K$26K5x
Binance ZORAUSDT+0.0100%4h0.008417−0.154%$2.5M$4.0M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008404−0.308%$2.3M$1.6M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008408−0.261%$766K$987K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008410−0.237%$155K$71K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008417−0.154%$9.8M$226K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008421−0.107%$774K$1.2M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDT+0.0100%4h0.008417−0.154%$723K$211K25xas long as short
Backpack ZORA_USDC_PERP+0.0100%1h0.008415−0.178%$34K$114K10xas long as short
Variational Omni ZORA+0.0100%4h0.008413−0.199%$125K$26Kas long as short
SunX ZORA-USDT+0.0100%4h0.008600+2.017%$1K$1.2M20xas long as short
Extended ZORA-USD+0.0104%1h0.008416−0.166%$9K$168K5xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008414−0.190%$1K100xas long as short
Hyperliquid ZORAlong+0.0407%1h0.008430long leg$1.6M$315K3x