Funding arb · Price arb /

ZORA

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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: Gate against MEXC−0.095%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1511.509% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.095%, 7d avg −0.070%

Together, before fees+0.079%+$8 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: Gate is 0.024% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZORA_USDT	0.008448	0.0100	pay 0.0050% / 4h	3h 40m	$9.8M	$227K	50x
Short	Gate ZORA_USDT	0.008440	0.0100	get 0.0050% / 4h	3h 40m	$155K	$71K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.070%: −$2.43
Slippage, 4 orders: −$131.91
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$153.34
Costs to cover: 1.509%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 25 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, 2 min ago	1.18 bp	11.4 bp −$11	65.2 bp −$652	256.3 bp −$25.6K	doesn't fit
Sell Gate live order book, 25 min ago	5.91 bp	61.8 bp −$62	doesn't fit	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	0.008432	−0.185%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008446	−0.024%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008431	−0.201%	$21K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008440	−0.100%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008446	−0.024%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008437	−0.130%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008445	−0.036%	$768K	$983K	10x	as long as short
Gate ZORA_USDTshort	+0.0100%	4h	0.008440	−0.095%	$155K	$71K	25x
MEXC ZORA_USDTlong	+0.0100%	4h	0.008448	long leg	$9.8M	$227K	50x
KuCoin ZORAUSDTM	+0.0100%	4h	0.008448	0.000%	$774K	$1.2M	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	0.008443	−0.059%	$725K	$205K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008446	−0.024%	$34K	$113K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008428	−0.240%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008630	+2.154%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008444	−0.042%	$9K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008442	−0.071%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0346%	1h	0.008460	+0.142%	$1.6M	$315K	3x	as long as short