Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

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 MEXC−0.024%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.024%, 7d avg +0.004%

Together, before fees+0.030%+$3 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: Binance is 0.028% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZORA_USDT	0.008427	0.0100	pay 0.0050% / 4h	3h 51m	$9.8M	$226K	50x
Short	Binance ZORAUSDT	0.008425	0.0100	get 0.0050% / 4h	3h 51m	$2.5M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.004%: −$2.76
Slippage, 4 orders: −$54.83
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.59
Costs to cover: 0.688%
Break-even: never at this rate

Slippage from MEXC: live order book, 7 min ago; Binance: live order book, 16 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 MEXC live order book, 7 min ago	0.59 bp	13.6 bp −$14	70.0 bp −$700	240.5 bp −$24.1K	doesn't fit
Sell Binance live order book, 16 min ago	0.59 bp	23.5 bp −$24	87.6 bp −$876	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	0.008425	−0.022%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008418	−0.107%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008413	−0.166%	$21K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008431	+0.052%	$26K	$26K	5x	as long as short
Binance ZORAUSDTshort	+0.0100%	4h	0.008425	−0.024%	$2.5M	$4.0M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008412	−0.178%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008420	−0.083%	$767K	$988K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008420	−0.083%	$155K	$71K	25x	as long as short
MEXC ZORA_USDTlong	+0.0100%	4h	0.008427	long leg	$9.8M	$226K	50x
KuCoin ZORAUSDTM	+0.0100%	4h	0.008425	−0.024%	$775K	$1.2M	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	0.008431	+0.047%	$724K	$211K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008425	−0.024%	$34K	$114K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008413	−0.164%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008610	+2.172%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008427	−0.003%	$9K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008424	−0.036%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0426%	1h	0.008439	+0.142%	$1.6M	$315K	3x	as long as short