Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0154%/8h= +16.8% APRpaid last 24h +0.017%

Price spread now: Hyperliquid against Binance+0.213%7-day average +0.090% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.203%−$20 · spread now +0.213%, 7d avg +0.090%

Together, before fees−0.175%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.123% dearer against Binance than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008465	0.0100	pay 0.0050% / 4h	2h 20m	$2.5M	$4.1M	50x
Short	Hyperliquid ZORA	0.008483	0.0254	get 0.0032% / 1h	20m 26s	$1.6M	$336K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.213%Rate

Funding earned: $32.25
Price spread: +0.213% → +0.090%: $12.28
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $25.54
Costs to cover: 0.190%
Break-even: 1.5 days

Slippage unknown: Binance: live order book, 9 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.

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, 9 min ago	0.59 bp	23.2 bp −$23	118.4 bp −$1,184	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	1.18 bp	doesn't fit	doesn't fit	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	0.008473	+0.090%	$292	$19	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008465	0.000%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008459	−0.071%	$23K	$21K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008477	+0.140%	$26K	$13K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008465	long leg	$2.5M	$4.1M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008454	−0.130%	$2.3M	$1.5M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008454	−0.130%	$760K	$891K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008460	−0.059%	$152K	$83K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008464	−0.012%	$9.8M	$219K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008472	+0.083%	$736K	$1.8M	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	0.008467	+0.024%	$693K	$298K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008469	+0.047%	$36K	$96K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008452	−0.156%	$126K	$24K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.304%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008460	−0.057%	$6K	$209K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008464	−0.012%	$1K	—	100x	as long as short
Hyperliquid ZORAshort	+0.0254%	1h	0.008483	+0.213%	$1.6M	$336K	3x