ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.008%

Price spread now: Lighter against Hyperliquid−0.214%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.214% cheaper against Hyperliquid than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ZORA	0.008422	0.0133	pay 0.0017% / 1h	20m 01s	$1.6M	$317K	3x
Short	Lighter ZORA	0.008404	0.0096	get 0.0012% / 1h	20m 01s	$22K	$11K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.214%Rate

Funding earned: −$7.67
Price spread: −0.214% → 0.000%: −$21.37
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$38.04
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 1 min ago; Lighter: no order-book sample. 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 Hyperliquid live order book, 1 min ago	2.37 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.008420	−0.018%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008419	−0.036%	—	$6.6M	—	as long as short
Lighter ZORAshort	+0.0096%	1h	0.008404	−0.214%	$22K	$11K	3x
Aster ZORAUSDT	+0.0100%	4h	0.008425	+0.033%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008416	−0.077%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008403	−0.226%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008410	−0.142%	$765K	$974K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008410	−0.142%	$157K	$75K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008414	−0.095%	$9.8M	$225K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008412	−0.119%	$774K	$1.1M	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	0.008423	+0.012%	$735K	$205K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008405	−0.197%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008600	+2.114%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008413	−0.112%	$6K	$169K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0119%	1h	0.008414	−0.095%	$34K	$117K	10x	as long as short
Hyperliquid ZORAlong	+0.0133%	1h	0.008422	long leg	$1.6M	$317K	3x
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008415	−0.083%	$1K	—	100x	as long as short