Funding arb · Price arb /

ZORA

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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 Aster−0.141%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.141% cheaper against Aster than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZORAUSDT	0.008500	0.0100	pay 0.0050% / 4h	3h 54m	$26K	$17K	5x
Short	Bybit ZORAUSDT	0.008488	0.0100	get 0.0050% / 4h	3h 54m	$2.4M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → 0.000%: −$14.12
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.12
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 2 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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	4.13 bp	33.6 bp −$34	93.1 bp −$931	doesn't fit	doesn't fit

Aster: 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	0.008487	−0.149%	$293	$19	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008500	0.000%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008477	−0.271%	$23K	$22K	3x	as long as short
Aster ZORAUSDTlong	+0.0100%	4h	0.008500	long leg	$26K	$17K	5x
Binance ZORAUSDT	+0.0100%	4h	0.008501	+0.012%	$2.5M	$4.5M	50x	as long as short
Bybit ZORAUSDTshort	+0.0100%	4h	0.008488	−0.141%	$2.4M	$1.7M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008493	−0.082%	$762K	$997K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008490	−0.118%	$155K	$88K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008499	−0.012%	$9.9M	$225K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008490	−0.118%	$751K	$1.6M	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	0.008501	+0.012%	$696K	$310K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008490	−0.118%	$35K	$101K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008482	−0.216%	$127K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008670	+2.000%	$1K	$1.4M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008500	−0.002%	$9K	$200K	5x	as long as short
Hyperliquid ZORA	+0.0203%	1h	0.008506	+0.071%	$1.6M	$322K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008486	−0.165%	$1K	—	100x	as long as short