Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.179%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1141.136% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.186%+$19 · spread now −0.179%, 7d avg −0.101%

Together, before fees+0.192%+$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: Bybit is 0.079% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008410	0.0100	pay 0.0050% / 4h	1h 08m	$2.5M	$4.0M	50x
Short	Bybit ZORAUSDT	0.008395	0.0100	get 0.0050% / 4h	1h 08m	$2.3M	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → −0.101%: −$7.85
Slippage, 4 orders: −$92.64
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$121.49
Costs to cover: 1.136%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 1 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 Binance live order book, 6 min ago	0.60 bp	23.1 bp −$23	107.1 bp −$1,071	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.99 bp	31.5 bp −$32	93.6 bp −$936	doesn't fit	doesn't fit

ZORA on 17 exchanges

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	0.008393	−0.203%	$290	$19	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008397	−0.156%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008393	−0.203%	$23K	$22K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008404	−0.067%	$26K	$14K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008410	long leg	$2.5M	$4.0M	50x
Bybit ZORAUSDTshort	+0.0100%	4h	0.008395	−0.179%	$2.3M	$1.4M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008397	−0.156%	$754K	$865K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008390	−0.239%	$153K	$84K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008410	−0.001%	$9.8M	$208K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008397	−0.156%	$727K	$1.9M	30x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008403	−0.084%	$689K	$301K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008401	−0.108%	$36K	$93K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008370	−0.472%	$125K	$19K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008580	+2.020%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008404	−0.069%	$7K	$209K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008390	−0.239%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0559%	1h	0.008427	+0.201%	$1.6M	$358K	3x	as long as short