ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%

Price spread now: BingX against KuCoin−0.047%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1141.137% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.047%, 7d avg −0.075%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.027% dearer against KuCoin than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.075%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZORAUSDTM	0.008439	0.0100	pay 0.0050% / 4h	3h 38m	$772K	$1.2M	30x
Short	BingX ZORA-USDT	0.008435	0.0070	get 0.0035% / 4h	3h 38m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$6.3
Price spread: −0.047% → −0.075%: $2.72
Slippage, 4 orders: −$91.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$117.27
Costs to cover: 1.137%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; BingX: live order book, 9 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 KuCoin live order book, 7 min ago	10.07 bp	46.6 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.78 bp	13.0 bp −$13	45.9 bp −$459	566.4 bp −$56.6K	1104.7 bp −$552.3K

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	0.008432	−0.079%	$310	$5	5x	as long as short
BingX ZORA-USDTshort	+0.0070%	4h	0.008435	−0.047%	—	$6.6M	—
Lighter ZORA	+0.0096%	1h	0.008428	−0.130%	$21K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008438	−0.012%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008438	−0.011%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008427	−0.142%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008434	−0.059%	$768K	$981K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008430	−0.107%	$155K	$71K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008439	0.000%	$9.8M	$227K	50x	as long as short
KuCoin ZORAUSDTMlong	+0.0100%	4h	0.008439	long leg	$772K	$1.2M	30x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008438	−0.012%	$724K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008438	−0.012%	$34K	$113K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008428	−0.134%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008620	+2.145%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008437	−0.018%	$9K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008435	−0.047%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0296%	1h	0.008452	+0.154%	$1.6M	$314K	3x	as long as short