Funding arb · Price arb /

ZORA

all ZORA markets

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: Bybit against OKX−0.035%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1161.163% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.033%−$3 · spread now −0.035%, 7d avg −0.084%

Together, before fees+0.013%+$1 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: Bybit is 0.048% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZORA-USDT-SWAP	0.008464	0.0100	pay 0.0050% / 4h	4m 14s	$770K	$992K	10x
Short	Bybit ZORAUSDT	0.008461	0.0100	get 0.0050% / 4h	4m 14s	$2.3M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.084%: $4.85
Slippage, 4 orders: −$95.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$111.43
Costs to cover: 1.163%
Break-even: never at this rate

Slippage from OKX: live order book, 7 min ago; Bybit: 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, 7 min ago	4.15 bp	30.4 bp −$30	109.2 bp −$1,092	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.96 bp	25.5 bp −$25	77.1 bp −$771	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	0.008464	+0.005%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008462	−0.024%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008458	−0.071%	$21K	$12K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008476	+0.148%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008473	+0.106%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDTshort	+0.0100%	4h	0.008461	−0.035%	$2.3M	$1.7M	25x
OKX ZORA-USDT-SWAPlong	+0.0100%	4h	0.008464	long leg	$770K	$992K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008460	−0.047%	$156K	$74K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008476	+0.142%	$9.8M	$229K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008474	+0.118%	$769K	$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	0.008471	+0.083%	$728K	$218K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008438	−0.309%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.316%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008474	+0.119%	$6K	$169K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0167%	1h	0.008476	+0.142%	$34K	$114K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008470	+0.071%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0436%	1h	0.008492	+0.331%	$1.6M	$315K	3x	as long as short