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: KuCoin against MEXC+0.012%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1461.457% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.055%+$5 · spread now +0.012%, 7d avg +0.050%

Together, before fees+0.036%+$4 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: KuCoin is 0.038% 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 +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZORA_USDT	0.008432	0.0100	pay 0.0050% / 4h	3h 53m	$9.8M	$226K	50x
Short	KuCoin ZORAUSDTM	0.008433	0.0100	get 0.0050% / 4h	3h 53m	$774K	$1.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.050%: −$3.84
Slippage, 4 orders: −$129.68
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$149.53
Costs to cover: 1.457%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 2 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, 5 min ago	0.59 bp	13.6 bp −$14	70.0 bp −$700	240.5 bp −$24.1K	doesn't fit
Sell KuCoin live order book, 2 min ago	5.33 bp	53.7 bp −$54	523.1 bp −$5,231	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	0.008425	−0.085%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008428	−0.047%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008417	−0.178%	$21K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008428	−0.042%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008437	+0.065%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008423	−0.107%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008430	−0.024%	$768K	$989K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008430	−0.024%	$156K	$70K	25x	as long as short
MEXC ZORA_USDTlong	+0.0100%	4h	0.008432	long leg	$9.8M	$226K	50x
KuCoin ZORAUSDTMshort	+0.0100%	4h	0.008433	+0.012%	$774K	$1.2M	30x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008432	0.000%	$725K	$210K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008426	−0.071%	$34K	$114K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008437	+0.064%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008620	+2.230%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008436	+0.049%	$6K	$163K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008430	−0.024%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0408%	1h	0.008445	+0.154%	$1.6M	$314K	3x	as long as short