Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against MEXC+0.071%47s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.071% dearer against MEXC than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZORA_USDT	0.008506	0.0100	pay 0.0050% / 4h	3h 29m	$9.9M	$224K	50x
Short	dYdX ZORA-USD	0.008512	0	get 0.0000% / 1h	29m 53s	$313	$5	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$21
Price spread: +0.071% → 0.000%: $7.05
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$27.95
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; dYdX: 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 MEXC live order book, 3 min ago	1.17 bp	12.7 bp −$13	71.6 bp −$716	212.1 bp −$21.2K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZORA-USDshort	0.0000%	1h	0.008512	+0.071%	$313	$5	5x
BingX ZORA-USDT	+0.0070%	4h	0.008513	+0.082%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008500	−0.071%	$22K	$14K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008523	+0.200%	$1.6M	$312K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008510	+0.044%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008508	+0.024%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008493	−0.153%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008498	−0.094%	$769K	$953K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008500	−0.071%	$159K	$79K	25x	as long as short
MEXC ZORA_USDTlong	+0.0100%	4h	0.008506	long leg	$9.9M	$224K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008507	+0.012%	$752K	$1.5M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008517	+0.129%	$735K	$226K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008504	−0.023%	$126K	$24K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008690	+2.163%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008501	−0.062%	$7K	$170K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0137%	1h	0.008508	+0.024%	$37K	$105K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008508	+0.024%	$1K	—	100x	as long as short