Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC−0.036%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1031.025% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.036%, 7d avg +0.006%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.041% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZORA_USDT	0.008434	0.0100	pay 0.0050% / 4h	2h 38m	$9.8M	$224K	50x
Short	Bitget ZORAUSDT	0.008431	0.0100	get 0.0050% / 4h	2h 38m	$676K	$279K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.006%: −$4.13
Slippage, 4 orders: −$86.54
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$106.67
Costs to cover: 1.025%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bitget: 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	1.18 bp	11.6 bp −$12	70.8 bp −$708	266.3 bp −$26.6K	doesn't fit
Sell Bitget live order book, 7 min ago	5.87 bp	31.4 bp −$31	133.8 bp −$1,338	doesn't fit	doesn't fit

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	0.008418	−0.191%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008420	−0.166%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008419	−0.178%	$21K	$15K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008428	−0.071%	$26K	$16K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008437	+0.033%	$2.5M	$4.3M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008421	−0.154%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008424	−0.119%	$764K	$971K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008420	−0.166%	$161K	$83K	25x	as long as short
MEXC ZORA_USDTlong	+0.0100%	4h	0.008434	long leg	$9.8M	$224K	50x
KuCoin ZORAUSDTM	+0.0100%	4h	0.008431	−0.036%	$743K	$1.5M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDTshort	+0.0100%	4h	0.008431	−0.036%	$676K	$279K	25x
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008427	−0.083%	$34K	$106K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008425	−0.110%	$127K	$24K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008610	+2.087%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008434	+0.004%	$7K	$196K	5x	as long as short
Hyperliquid ZORA	+0.0109%	1h	0.008447	+0.154%	$1.6M	$307K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008425	−0.107%	$1K	—	100x	as long as short