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: OKX against Hyperliquid−0.237%7-day average −0.089% · 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−0.068%−$7 on $10k
Price spread, last 7 days+0.278%+$28 · spread now −0.237%, 7d avg −0.089%
Together, before fees+0.210%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 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 0.148% cheaper against Hyperliquid than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZORA0.0084560.0100pay 0.0013% / 1h7m 07s$1.6M$319K3x
ShortOKX ZORA-USDT-SWAP0.0084360.0100get 0.0050% / 4h2h 07m$765K$963K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.237% → −0.089%
−$14.77
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$33.77
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; OKX: live order book, 44 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, 3 min ago2.37 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 44 min ago2.96 bp42.7 bp −$43125.0 bp −$1,250doesn'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%1h0.008434−0.258%$310$55xas long as short
Lighter ZORA+0.0096%1h0.008420−0.426%$22K$15K3xas long as short
Hyperliquid ZORAlong+0.0100%1h0.008456long leg$1.6M$319K3x
Aster ZORAUSDT+0.0100%4h0.008434−0.262%$26K$26K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008441−0.177%$2.5M$4.0M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008426−0.355%$2.3M$1.7M25xas long as short
OKX ZORA-USDT-SWAPshort+0.0100%4h0.008436−0.237%$765K$963K10x
Gate ZORA_USDT+0.0100%4h0.008420−0.426%$154K$78K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008436−0.237%$9.8M$229K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008432−0.284%$758K$1.4M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDT+0.0100%4h0.008433−0.272%$722K$208K25xas long as short
BingX ZORA-USDT+0.0100%4h0.008433−0.272%$6.5Mas long as short
Variational Omni ZORA+0.0100%4h0.008416−0.473%$125K$26Kas long as short
SunX ZORA-USDT+0.0100%4h0.008620+1.939%$2K$1.2M20xas long as short
Backpack ZORA_USDC_PERP+0.0103%1h0.008442−0.166%$36K$108K10xas long as short
Extended ZORA-USD+0.0104%1h0.008438−0.218%$6K$164K5xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008433−0.272%$1K100xas long as short