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: OKX against MEXC+0.246%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1151.146% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days−0.185%−$18 · spread now +0.246%, 7d avg −0.008%

Together, before fees−0.188%−$19 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: OKX is 0.254% dearer against MEXC than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZORA_USDT	0.008549	0.0100	pay 0.0050% / 4h	2h 52m	$9.9M	$221K	50x
Short	OKX ZORA-USDT-SWAP	0.008570	0.0100	get 0.0050% / 4h	2h 52m	$776K	$962K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.246%Rate

Funding earned: $0
Price spread: +0.246% → −0.008%: $25.38
Slippage, 4 orders: −$100.55
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$89.17
Costs to cover: 1.146%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: live order book, 44 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, 1 min ago	4.68 bp	17.4 bp −$17	61.9 bp −$619	220.7 bp −$22.1K	doesn't fit
Sell OKX live order book, 44 min ago	2.94 bp	36.9 bp −$37	115.4 bp −$1,154	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	0.008537	−0.144%	$314	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008619	+0.819%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008560	+0.129%	$22K	$14K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008583	+0.398%	$1.6M	$305K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008570	+0.244%	$26K	$15K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008578	+0.339%	$2.6M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008565	+0.187%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAPshort	+0.0100%	4h	0.008570	+0.246%	$776K	$962K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008550	+0.012%	$163K	$80K	25x	as long as short
MEXC ZORA_USDTlong	+0.0100%	4h	0.008549	long leg	$9.9M	$221K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008566	+0.199%	$758K	$1.5M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008596	+0.550%	$692K	$271K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008481	−0.795%	$127K	$24K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008760	+2.468%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008572	+0.271%	$7K	$200K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008556	+0.082%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0347%	1h	0.008615	+0.772%	$37K	$103K	10x	as long as short