ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: dYdX against Lighter+0.099%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 dYdX

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

The price spread pays, funding is against you. dYdX is 0.099% dearer against Lighter than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZORA	0.008424	0.0096	pay 0.0012% / 1h	38m 21s	$21K	$11K	3x
Short	dYdX ZORA-USD	0.008432	0	get 0.0000% / 1h	38m 21s	$310	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$20.16
Price spread: +0.099% → 0.000%: $9.93
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$20.23
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; dYdX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Lighter and dYdX: 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-USDshort	0.0000%	1h	0.008432	+0.099%	$310	$5	5x
BingX ZORA-USDT	+0.0070%	4h	0.008435	+0.131%	—	$6.6M	—	as long as short
Lighter ZORAlong	+0.0096%	1h	0.008424	long leg	$21K	$11K	3x
Aster ZORAUSDT	+0.0100%	4h	0.008438	+0.166%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008437	+0.155%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008427	+0.036%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008434	+0.119%	$767K	$981K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008430	+0.071%	$155K	$71K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008435	+0.131%	$9.8M	$227K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008441	+0.202%	$773K	$1.2M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008438	+0.166%	$724K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008436	+0.142%	$34K	$113K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008428	+0.044%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008630	+2.445%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008437	+0.160%	$9K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008435	+0.131%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0296%	1h	0.008452	+0.332%	$1.6M	$314K	3x	as long as short