ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%

Price spread now: BingX against MEXC−0.071%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days+0.084%+$8 · spread now −0.071%, 7d avg −0.023%

Together, before fees+0.075%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.048% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZORA_USDT	0.008427	0.0100	pay 0.0050% / 4h	1h 08m	$9.8M	$228K	50x
Short	BingX ZORA-USDT	0.008421	0.0070	get 0.0035% / 4h	1h 08m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$6.3
Price spread: −0.071% → −0.023%: −$4.79
Slippage, 4 orders: −$42.99
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$68.07
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 7 min ago.

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 MEXC live order book, 4 min ago	1.19 bp	12.5 bp −$12	71.2 bp −$712	223.6 bp −$22.4K	doesn't fit
Sell BingX live order book, 7 min ago	2.38 bp	16.0 bp −$16	63.6 bp −$636	589.2 bp −$58.9K	1139.8 bp −$569.9K

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	0.008421	−0.069%	$310	$5	5x	as long as short
BingX ZORA-USDTshort	+0.0070%	4h	0.008421	−0.071%	—	$6.6M	—
Lighter ZORA	+0.0096%	1h	0.008409	−0.214%	$22K	$11K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008436	+0.107%	$1.6M	$317K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008426	−0.009%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008427	0.000%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008409	−0.214%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008418	−0.107%	$765K	$974K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008420	−0.083%	$157K	$75K	25x	as long as short
MEXC ZORA_USDTlong	+0.0100%	4h	0.008427	long leg	$9.8M	$228K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008421	−0.071%	$773K	$1.1M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008432	+0.059%	$736K	$211K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008406	−0.245%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008600	+2.053%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008424	−0.035%	$6K	$169K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0167%	1h	0.008427	0.000%	$34K	$116K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008426	−0.012%	$1K	—	100x	as long as short