Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin+0.131%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1521.525% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.131%, 7d avg −0.016%

Together, before fees−0.084%−$8 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 0.147% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZORAUSDTM	0.008421	0.0100	pay 0.0050% / 4h	1h 09m	$775K	$1.1M	30x
Short	Bitget ZORAUSDT	0.008432	0.0100	get 0.0050% / 4h	1h 09m	$736K	$211K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → −0.016%: $14.68
Slippage, 4 orders: −$128.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$137.78
Costs to cover: 1.525%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 6 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, 6 min ago	2.97 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	4.74 bp	33.6 bp −$34	104.0 bp −$1,040	doesn't fit	doesn't fit

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	0.008421	+0.002%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008421	0.000%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008410	−0.131%	$22K	$11K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008437	+0.190%	$1.6M	$317K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008426	+0.059%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008426	+0.058%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008409	−0.143%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008415	−0.071%	$766K	$974K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008420	−0.012%	$157K	$75K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008423	+0.024%	$9.8M	$228K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTMlong	+0.0100%	4h	0.008421	long leg	$775K	$1.1M	30x
Bitget ZORAUSDTshort	+0.0100%	4h	0.008432	+0.131%	$736K	$211K	25x
Variational Omni ZORA	+0.0100%	4h	0.008406	−0.174%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008600	+2.126%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008423	+0.018%	$6K	$169K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0163%	1h	0.008423	+0.024%	$34K	$116K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008426	+0.059%	$1K	—	100x	as long as short