Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.012%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1311.314% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days−0.067%−$7 · spread now −0.012%, 7d avg −0.046%

Together, before fees−0.047%−$5 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: MEXC is 0.034% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZORAUSDTM	0.008413	0.0100	pay 0.0050% / 4h	3h 33m	$742K	$1.7M	30x
Short	MEXC ZORA_USDT	0.008412	0.0100	get 0.0050% / 4h	3h 33m	$9.8M	$227K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → −0.046%: $3.43
Slippage, 4 orders: −$115.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$127.92
Costs to cover: 1.314%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 5 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, 3 min ago	5.33 bp	59.8 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.18 bp	16.7 bp −$17	65.5 bp −$655	253.5 bp −$25.4K	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	0.008453	+0.475%	$292	$19	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008408	−0.059%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008408	−0.059%	$23K	$22K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008414	+0.018%	$26K	$17K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008414	+0.017%	$2.5M	$4.5M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008395	−0.214%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008408	−0.059%	$754K	$984K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008400	−0.155%	$153K	$88K	25x	as long as short
MEXC ZORA_USDTshort	+0.0100%	4h	0.008412	−0.012%	$9.8M	$227K	50x
KuCoin ZORAUSDTMlong	+0.0100%	4h	0.008413	long leg	$742K	$1.7M	30x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008415	+0.024%	$689K	$310K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008411	−0.024%	$34K	$102K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008436	+0.269%	$126K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008600	+2.223%	$1K	$1.4M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008412	−0.008%	$6K	$204K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008408	−0.059%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0277%	1h	0.008432	+0.226%	$1.6M	$325K	3x	as long as short