Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX+0.107%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1301.300% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 4 days (all we have)−0.307%−$31 · spread now +0.107%, 7d avg +0.043%

Together, before fees−0.232%−$23 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: Bitget is 0.063% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZORA-USDT-SWAP	0.008416	0.0100	pay 0.0050% / 4h	1h 12m	$765K	$974K	10x
Short	Bitget ZORAUSDT	0.008425	0.0100	get 0.0050% / 4h	1h 12m	$735K	$211K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → +0.043%: $6.35
Slippage, 4 orders: −$108
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$123.66
Costs to cover: 1.300%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago	1.78 bp	35.0 bp −$35	115.1 bp −$1,151	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.74 bp	33.6 bp −$34	104.0 bp −$1,040	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	0.008421	+0.062%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008419	+0.036%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008409	−0.083%	$22K	$11K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008431	+0.178%	$1.6M	$318K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008427	+0.125%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008424	+0.095%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008404	−0.143%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAPlong	+0.0100%	4h	0.008416	long leg	$765K	$974K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008410	−0.071%	$157K	$75K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008420	+0.048%	$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	0.008415	−0.012%	$773K	$1.1M	30x	as long as short
Bitget ZORAUSDTshort	+0.0100%	4h	0.008425	+0.107%	$735K	$211K	25x
Variational Omni ZORA	+0.0100%	4h	0.008400	−0.191%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008590	+2.067%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008418	+0.019%	$6K	$169K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0145%	1h	0.008421	+0.059%	$34K	$116K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008414	−0.024%	$1K	—	100x	as long as short