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: KuCoin against OKX+0.143%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1641.641% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.143%, 7d avg +0.053%

Together, before fees−0.126%−$13 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 0.089% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZORA-USDT-SWAP	0.008420	0.0100	pay 0.0050% / 4h	24m 31s	$767K	$986K	10x
Short	KuCoin ZORAUSDTM	0.008432	0.0100	get 0.0050% / 4h	24m 31s	$762K	$1.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → +0.053%: $8.93
Slippage, 4 orders: −$142.11
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$155.18
Costs to cover: 1.641%
Break-even: never at this rate

Slippage from OKX: live order book, 52 min ago; KuCoin: live order book, 6 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, 52 min ago	1.78 bp	35.0 bp −$35	115.1 bp −$1,151	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	4.73 bp	38.1 bp −$38	505.9 bp −$5,059	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	0.008429	+0.106%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008424	+0.048%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008424	+0.048%	$21K	$12K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008433	+0.153%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008432	+0.143%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008418	−0.024%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAPlong	+0.0100%	4h	0.008420	long leg	$767K	$986K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008420	0.000%	$156K	$74K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008441	+0.249%	$9.8M	$228K	50x	as long as short
KuCoin ZORAUSDTMshort	+0.0100%	4h	0.008432	+0.143%	$762K	$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	0.008439	+0.226%	$725K	$216K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008432	+0.137%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008630	+2.494%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008432	+0.137%	$6K	$169K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0194%	1h	0.008436	+0.190%	$34K	$114K	10x	as long as short
Hyperliquid ZORA	+0.0227%	1h	0.008445	+0.297%	$1.6M	$315K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008435	+0.178%	$1K	—	100x	as long as short