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

ZORA

all ZORA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bitget against Lighter+0.141%7-day average · you sell dearer than you buy
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: Bitget is 0.141% 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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ZORA0.0084860.0096pay 0.0012% / 1h23m 47s$23K$22K3x
ShortBitget ZORAUSDT0.0084980.0100get 0.0050% / 4h23m 47s$697K$307K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0.84
Price spread: +0.141% → 0.000%
$14.14
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
$2.98
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 12 min ago. 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 Lighter no order-book sample
Sell Bitget live order book, 12 min ago7.03 bp43.8 bp −$44138.6 bp −$1,386doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZORA-USD0.0000%1h0.008505+0.224%$293$195xas long as short
BingX ZORA-USDT+0.0070%4h0.008489+0.035%$6.6Mas long as short
Lighter ZORAlong+0.0096%1h0.008486long leg$23K$22K3x
Aster ZORAUSDT+0.0100%4h0.008500+0.165%$26K$15K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008497+0.135%$2.5M$4.5M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008484−0.024%$2.4M$1.7M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008490+0.047%$768K$991K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008500+0.165%$156K$89K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008498+0.141%$9.9M$229K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008501+0.177%$750K$1.6M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDTshort+0.0100%4h0.008498+0.141%$697K$307K25x
Backpack ZORA_USDC_PERP+0.0100%1h0.008497+0.130%$35K$108K10xas long as short
Variational Omni ZORA+0.0100%4h0.008488+0.029%$127K$25Kas long as short
SunX ZORA-USDT+0.0100%4h0.008690+2.404%$2K$1.4M20xas long as short
Extended ZORA-USD+0.0104%1h0.008495+0.112%$6K$196K5xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0231% / S −0.0433%1h0.008494+0.094%$1K100xas long as short
Hyperliquid ZORA+0.0289%1h0.008512+0.306%$1.6M$318K3xas long as short