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

ZORA

all ZORA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%
Price spread now: Bitget against Hyperliquid−0.083%7-day average −0.117% · 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 7 days−0.008%−$1 on $10k
Price spread, last 4 days (all we have)−0.159%−$16 · spread now −0.083%, 7d avg −0.117%
Together, before fees−0.168%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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: Bitget is 0.034% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.117%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZORA0.0084400.0100pay 0.0013% / 1h12m 04s$1.6M$318K3x
ShortBitget ZORAUSDT0.0084330.0100get 0.0050% / 4h2h 12m$722K$209K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$0
Price spread: −0.083% → −0.117%
$3.42
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$17.58
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Bitget: live order book, 53 min ago. 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, 9 min ago1.19 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 53 min ago5.84 bp30.5 bp −$31147.5 bp −$1,475doesn'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%1h0.008438−0.027%$311$55xas long as short
Lighter ZORA+0.0096%1h0.008417−0.273%$22K$15K3xas long as short
Hyperliquid ZORAlong+0.0100%1h0.008440long leg$1.6M$318K3x
Aster ZORAUSDT+0.0100%4h0.008433−0.084%$26K$26K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008430−0.114%$2.5M$4.0M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008416−0.284%$2.3M$1.7M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008426−0.166%$764K$964K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008420−0.237%$154K$78K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008430−0.118%$9.8M$228K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008429−0.130%$758K$1.4M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDTshort+0.0100%4h0.008433−0.083%$722K$209K25x
BingX ZORA-USDT+0.0100%4h0.008427−0.154%$6.6Mas long as short
Variational Omni ZORA+0.0100%4h0.008412−0.326%$125K$26Kas long as short
SunX ZORA-USDT+0.0100%4h0.008620+2.133%$1K$1.2M20xas long as short
Extended ZORA-USD+0.0104%1h0.008427−0.149%$6K$164K5xas long as short
Backpack ZORA_USDC_PERP+0.0116%1h0.008432−0.095%$36K$110K10xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008428−0.142%$1K100xas long as short