ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0337%/8h= +36.9% APRnext payment +$0.42 per $10,000 · paid last 24h +0.101%

Price spread now: GMX against Lighter+0.048%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 GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and GMX is 0.048% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread 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	0.008398	0.0096	pay 0.0012% / 1h	30m 39s	$23K	$22K	3x
Short	GMX ZORA/USD [ETH-USDC]	0.008402	L +0.0230% / S −0.0433%	get 0.0054% / 1h	30m 39s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $70.86
Price spread: +0.048% → 0.000%: $4.76
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $63.62
Costs to cover: 0.120%
Break-even: 0.7 days

Slippage unknown: Lighter: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Lighter and GMX: 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 exchanges

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	0.008401	+0.040%	$290	$19	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008394	−0.048%	—	$6.5M	—	as long as short
Lighter ZORAlong	+0.0096%	1h	0.008398	long leg	$23K	$22K	3x
Aster ZORAUSDT	+0.0100%	4h	0.008406	+0.101%	$26K	$14K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008403	+0.060%	$2.4M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008388	−0.119%	$2.3M	$1.4M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008394	−0.048%	$753K	$864K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008400	+0.024%	$153K	$84K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008401	+0.036%	$9.8M	$207K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008400	+0.024%	$728K	$1.9M	30x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008408	+0.119%	$704K	$292K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008400	+0.024%	$36K	$93K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008387	−0.131%	$125K	$20K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008590	+2.286%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008400	+0.022%	$7K	$209K	5x	as long as short
GMX ZORA/USD [ETH-USDC]short	L +0.0230% / S −0.0433%	1h	0.008402	+0.048%	$1K	—	100x
Hyperliquid ZORA	+0.0573%	1h	0.008422	+0.286%	$1.6M	$352K	3x	as long as short