Settings8H · net · $10k
Funding arb · Price arb /

ZORA

all ZORA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate+0.085%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$2032.033% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 4 days (all we have)+0.384%+$38 · spread now +0.085%, 7d avg +0.073%
Together, before fees+0.365%+$36 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ZORA_USDT0.0084600.0100pay 0.0050% / 4h1h 13m$155K$78K25x
ShortBinance ZORAUSDT0.0084670.0100get 0.0050% / 4h1h 13m$2.5M$4.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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

Funding earned
$0
Price spread: +0.085% → +0.073%
$1.22
Slippage, 4 orders
−$178.25
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Binance: 5 bp × 2 orders
−$10
Net
−$202.03
Costs to cover
2.033%
Break-even
never at this rate
Slippage from Gate: live order book, 43 min ago; Binance: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 43 min ago11.85 bp82.3 bp −$82doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 9 min ago1.17 bp22.4 bp −$2296.5 bp −$965doesn't fitdoesn't fit

ZORA on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZORA-USD0.0000%1h0.008459−0.010%$311$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008463+0.035%$6.5Mas long as short
Lighter ZORA+0.0096%1h0.008457−0.035%$22K$14K3xas long as short
Aster ZORAUSDT+0.0100%4h0.008469+0.106%$26K$12K5xas long as short
Binance ZORAUSDTshort+0.0100%4h0.008467+0.085%$2.5M$4.0M50x
Bybit ZORAUSDT+0.0100%4h0.008456−0.047%$2.3M$1.7M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008453−0.083%$766K$961K10xas long as short
Gate ZORA_USDTlong+0.0100%4h0.008460long leg$155K$78K25x
MEXC ZORA_USDT+0.0100%4h0.008471+0.130%$9.8M$228K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008466+0.071%$752K$1.4M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDT+0.0100%4h0.008477+0.201%$724K$215K25xas long as short
Variational Omni ZORA+0.0100%4h0.008466+0.075%$126K$25Kas long as short
SunX ZORA-USDT+0.0100%4h0.008650+2.246%$1K$1.3M20xas long as short
Extended ZORA-USD+0.0104%1h0.008468+0.090%$6K$169K5xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0231% / S −0.0433%1h0.008467+0.083%$1K100xas long as short
Hyperliquid ZORA+0.0232%1h0.008489+0.343%$1.6M$328K3xas long as short
Backpack ZORA_USDC_PERP+0.0405%1h0.008467+0.083%$36K$110K10xas long as short