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

ZORA

all ZORA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: OKX against Lighter+0.071%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 5 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: OKX is 0.071% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ZORA0.0084280.0096pay 0.0012% / 1h38m 06s$21K$11K3x
ShortOKX ZORA-USDT-SWAP0.0084340.0100get 0.0050% / 4h3h 38m$768K$981K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.071% → 0.000%
$7.12
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$2.04
Costs to cover
0.100%
Break-even
24.0 days
Slippage unknown: Lighter: no order-book sample; OKX: live order book, 33 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 OKX live order book, 33 min ago4.15 bp35.9 bp −$36102.8 bp −$1,028doesn'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%1h0.008432+0.052%$310$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008435+0.083%$6.6Mas long as short
Lighter ZORAlong+0.0096%1h0.008428long leg$21K$11K3x
Aster ZORAUSDT+0.0100%4h0.008438+0.119%$26K$26K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008440+0.148%$2.5M$3.9M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.0084280.000%$2.3M$1.6M25xas long as short
OKX ZORA-USDT-SWAPshort+0.0100%4h0.008434+0.071%$768K$981K10x
Gate ZORA_USDT+0.0100%4h0.008430+0.024%$155K$71K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008439+0.131%$9.8M$227K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008439+0.131%$772K$1.2M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDT+0.0100%4h0.008438+0.119%$724K$207K25xas long as short
Backpack ZORA_USDC_PERP+0.0100%1h0.008438+0.119%$34K$113K10xas long as short
Variational Omni ZORA+0.0100%4h0.008428−0.004%$125K$26Kas long as short
SunX ZORA-USDT+0.0100%4h0.008620+2.278%$1K$1.2M20xas long as short
Extended ZORA-USD+0.0104%1h0.008440+0.145%$9K$168K5xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008435+0.083%$1K100xas long as short
Hyperliquid ZORA+0.0294%1h0.008452+0.285%$1.6M$314K3xas long as short