ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%

Price spread now: BingX against OKX+0.071%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1111.106% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.125%−$13 · spread now +0.071%, 7d avg −0.020%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.091% dearer against OKX than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.020%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.001% in total) that is about 17 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZORA-USDT-SWAP	0.008444	0.0100	pay 0.0050% / 4h	2h 49m	$770K	$997K	10x
Short	BingX ZORA-USDT	0.008450	0.0070	get 0.0035% / 4h	2h 49m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$6.3
Price spread: +0.071% → −0.020%: $9.14
Slippage, 4 orders: −$90.56
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$107.72
Costs to cover: 1.106%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; BingX: 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 OKX live order book, 2 min ago	2.96 bp	37.8 bp −$38	122.2 bp −$1,222	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	1.78 bp	17.3 bp −$17	66.2 bp −$662	553.8 bp −$55.4K	1041.0 bp −$520.5K

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	0.008450	+0.071%	$311	$5	5x	as long as short
BingX ZORA-USDTshort	+0.0070%	4h	0.008450	+0.071%	—	$6.6M	—
Lighter ZORA	+0.0096%	1h	0.008437	−0.083%	$22K	$12K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008458	+0.166%	$1.6M	$316K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008458	+0.163%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008451	+0.085%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008437	−0.083%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAPlong	+0.0100%	4h	0.008444	long leg	$770K	$997K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008450	+0.071%	$155K	$78K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008452	+0.095%	$9.8M	$226K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008455	+0.130%	$771K	$1.3M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008457	+0.154%	$724K	$215K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008453	+0.107%	$36K	$112K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008431	−0.158%	$126K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008640	+2.321%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008449	+0.054%	$9K	$169K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008449	+0.059%	$1K	—	100x	as long as short