Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Lighter+0.144%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no 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: Binance is 0.144% dearer against Lighter than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZORA	0.008441	0.0096	pay 0.0012% / 1h	27m 16s	$22K	$15K	3x
Short	Binance ZORAUSDT	0.008453	0.0100	get 0.0050% / 4h	2h 27m	$2.5M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.144%Rate

Funding earned: $0.84
Price spread: +0.144% → 0.000%: $14.42
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $5.26
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 9 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 Lighter no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	1.77 bp	33.4 bp −$33	112.1 bp −$1,121	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZORA-USD	0.0000%	1h	0.008449	+0.097%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008456	+0.178%	—	$6.6M	—	as long as short
Lighter ZORAlong	+0.0096%	1h	0.008441	long leg	$22K	$15K	3x
Hyperliquid ZORA	+0.0100%	1h	0.008464	+0.272%	$1.6M	$320K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008456	+0.173%	$26K	$26K	5x	as long as short
Binance ZORAUSDTshort	+0.0100%	4h	0.008453	+0.144%	$2.5M	$4.0M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008443	+0.024%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008445	+0.047%	$770K	$963K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008450	+0.107%	$154K	$78K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008458	+0.201%	$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 ZORAUSDTM	+0.0100%	4h	0.008458	+0.201%	$761K	$1.3M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008455	+0.166%	$723K	$209K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008460	+0.225%	$36K	$110K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008436	−0.057%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008650	+2.476%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008454	+0.158%	$9K	$164K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008453	+0.142%	$1K	—	100x	as long as short