Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.015%

Price spread now: Hyperliquid against KuCoin+0.261%7-day average +0.039% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days−0.404%−$40 · spread now +0.261%, 7d avg +0.039%

Together, before fees−0.350%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Hyperliquid is 0.222% dearer against KuCoin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZORAUSDTM	0.008428	0.0100	pay 0.0050% / 4h	2h 38m	$742K	$1.5M	30x
Short	Hyperliquid ZORA	0.008450	0.0114	get 0.0014% / 1h	38m 20s	$1.6M	$307K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.261%Rate

Funding earned: $2.94
Price spread: +0.261% → +0.039%: $22.16
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $4.09
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 2 min ago; Hyperliquid: live order book, 2 min ago. Net counts fees only.

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, 2 min ago	9.49 bp	82.8 bp −$83	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 2 min ago	4.15 bp	doesn't fit	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	0.008441	+0.160%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008420	−0.095%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008433	+0.059%	$21K	$15K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008443	+0.180%	$26K	$16K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008449	+0.250%	$2.5M	$4.3M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008432	+0.047%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008436	+0.095%	$764K	$973K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008430	+0.024%	$161K	$83K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008430	+0.024%	$9.8M	$224K	50x	as long as short
KuCoin ZORAUSDTMlong	+0.0100%	4h	0.008428	long leg	$742K	$1.5M	30x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008439	+0.131%	$684K	$285K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008427	−0.012%	$34K	$106K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008425	−0.039%	$127K	$24K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008620	+2.278%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008439	+0.125%	$7K	$196K	5x	as long as short
Hyperliquid ZORAshort	+0.0114%	1h	0.008450	+0.261%	$1.6M	$307K	3x
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008434	+0.071%	$1K	—	100x	as long as short