Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.249%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$920.923% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.260%+$26 · spread now −0.249%, 7d avg −0.090%

Together, before fees+0.290%+$29 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: Bybit is 0.159% cheaper against MEXC than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZORA_USDT	0.008425	0.0100	pay 0.0050% / 4h	49m 22s	$9.8M	$225K	50x
Short	Bybit ZORAUSDT	0.008404	0.0100	get 0.0050% / 4h	49m 22s	$2.3M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.249%Rate

Funding earned: $0
Price spread: −0.249% → −0.090%: −$15.93
Slippage, 4 orders: −$77.26
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$108.2
Costs to cover: 0.923%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 3 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	1.77 bp	13.9 bp −$14	79.0 bp −$790	266.9 bp −$26.7K	doesn't fit
Sell Bybit live order book, 3 min ago	2.96 bp	32.5 bp −$33	94.9 bp −$949	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	0.008443	+0.214%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008418	−0.083%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008428	+0.036%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008433	+0.093%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008421	−0.042%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDTshort	+0.0100%	4h	0.008404	−0.249%	$2.3M	$1.7M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008406	−0.226%	$765K	$958K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008420	−0.059%	$154K	$77K	25x	as long as short
MEXC ZORA_USDTlong	+0.0100%	4h	0.008425	long leg	$9.8M	$225K	50x
KuCoin ZORAUSDTM	+0.0100%	4h	0.008430	+0.059%	$747K	$1.4M	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	0.008427	+0.024%	$727K	$219K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008425	−0.006%	$125K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008600	+2.077%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008415	−0.116%	$8K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008418	−0.083%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0245%	1h	0.008437	+0.142%	$37K	$110K	10x	as long as short
Hyperliquid ZORA	+0.0592%	1h	0.008442	+0.202%	$1.6M	$328K	3x	as long as short