Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin−0.059%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs−$260as in the Price arb table

costs, in and out, $10k−$2632.626% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.059%, 7d avg −0.089%

Together, before fees−0.035%−$4 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: Gate is 0.030% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZORAUSDTM	0.008515	0.0100	pay 0.0050% / 4h	3h 30m	$754K	$1.5M	30x
Short	Gate ZORA_USDT	0.008510	0.0100	get 0.0050% / 4h	3h 30m	$159K	$79K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.089%: $3.01
Slippage, 4 orders: −$235.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$259.58
Costs to cover: 2.626%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 15 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, 5 min ago	9.40 bp	53.3 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 15 min ago	5.91 bp	78.2 bp −$78	doesn't fit	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	0.008504	−0.132%	$313	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008521	+0.070%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008503	−0.141%	$22K	$14K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008525	+0.117%	$1.6M	$312K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008518	+0.030%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008518	+0.031%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008500	−0.176%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008506	−0.106%	$770K	$954K	10x	as long as short
Gate ZORA_USDTshort	+0.0100%	4h	0.008510	−0.059%	$159K	$79K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008520	+0.059%	$9.9M	$224K	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	0.008515	long leg	$754K	$1.5M	30x
Bitget ZORAUSDT	+0.0100%	4h	0.008526	+0.129%	$734K	$223K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008504	−0.129%	$126K	$24K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008710	+2.290%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008516	+0.006%	$7K	$170K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0134%	1h	0.008526	+0.129%	$37K	$105K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008516	+0.012%	$1K	—	100x	as long as short