Settings8H · net · $10k
Funding arb · Price arb /

ZORA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against KuCoin−0.176%7-day average · 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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.176% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZORAUSDTM0.0085250.0100pay 0.0050% / 4h2h 59m$747K$1.7M30x
ShortLighter ZORA0.0085100.0096get 0.0012% / 1h59m 20s$23K$21K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
−$0.84
Price spread: −0.176% → 0.000%
−$17.6
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$30.44
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 7 min ago; Lighter: no order-book sample. 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 KuCoin live order book, 7 min ago7.03 bp286.2 bp −$286doesn't fitdoesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h0.008533+0.100%$294$195xas long as short
BingX ZORA-USDT+0.0070%4h0.008511−0.164%$6.5Mas long as short
Lighter ZORAshort+0.0096%1h0.008510−0.176%$23K$21K3x
Hyperliquid ZORA+0.0100%1h0.008534+0.106%$1.6M$340K3xas long as short
Aster ZORAUSDT+0.0100%4h0.008522−0.031%$26K$17K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008514−0.133%$2.5M$4.5M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008499−0.305%$2.3M$1.7M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008502−0.270%$764K$988K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008520−0.059%$155K$81K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008518−0.082%$9.9M$217K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZORAUSDTMlong+0.0100%4h0.008525long leg$747K$1.7M30x
Bitget ZORAUSDT+0.0100%4h0.008517−0.094%$700K$311K25xas long as short
Backpack ZORA_USDC_PERP+0.0100%1h0.008526+0.012%$34K$103K10xas long as short
Variational Omni ZORA+0.0100%4h0.008512−0.148%$126K$26Kas long as short
SunX ZORA-USDT+0.0100%4h0.008710+2.170%$1K$1.4M20xas long as short
Extended ZORA-USD+0.0104%1h0.008512−0.148%$11K$207K5xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0231% / S −0.0433%1h0.008526+0.012%$1K100xas long as short