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

ZORA

all ZORA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Extended against Hyperliquid−0.200%7-day average −0.155% · 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−0.027%−$3 on $10k
Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.200%, 7d avg −0.155%
Together, before fees−0.016%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$2 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: Extended is 0.045% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.155%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZORA0.0084890.0100pay 0.0013% / 1h34m 36s$1.6M$315K3x
ShortExtended ZORA-USD0.0084720.0104get 0.0013% / 1h34m 36s$6K$169K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.200% → −0.155%
−$4.5
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$17.66
Costs to cover
0.140%
Break-even
154.2 days
Slippage unknown: Hyperliquid: live order book, 6 min ago; Extended: live order book, 41 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, 6 min ago2.35 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 41 min ago3.56 bp80.4 bp −$80406.3 bp −$4,063doesn'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%1h0.008472−0.201%$312$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008468−0.247%$6.6Mas long as short
Lighter ZORA+0.0096%1h0.008461−0.330%$21K$12K3xas long as short
Hyperliquid ZORAlong+0.0100%1h0.008489long leg$1.6M$315K3x
Aster ZORAUSDT+0.0100%4h0.008475−0.161%$26K$28K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008476−0.157%$2.5M$3.9M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008465−0.283%$2.3M$1.6M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008471−0.212%$771K$988K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008470−0.224%$156K$74K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008472−0.200%$9.8M$227K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZORAUSDTM+0.0100%4h0.008466−0.271%$763K$1.2M30xas long as short
Bitget ZORAUSDT+0.0100%4h0.008484−0.059%$742K$208K25xas long as short
Variational Omni ZORA+0.0100%4h0.008453−0.424%$126K$26Kas long as short
SunX ZORA-USDT+0.0100%4h0.008650+1.897%$1K$1.2M20xas long as short
Extended ZORA-USDshort+0.0104%1h0.008472−0.200%$6K$169K5x
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008464−0.294%$1K100xas long as short
Backpack ZORA_USDC_PERP+0.0300%1h0.008469−0.236%$34K$114K10xas long as short