Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.015%

Price spread now: Hyperliquid against Aster+0.169%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.169% dearer against Aster than usual: you sell high and buy low: +$17 more if the spread 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	0.008549	0.0100	pay 0.0050% / 4h	43m 08s	$26K	$15K	5x
Short	Hyperliquid ZORA	0.008563	0.0226	get 0.0028% / 1h	43m 08s	$1.6M	$319K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.169%Rate

Funding earned: $26.41
Price spread: +0.169% → 0.000%: $16.9
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $26.31
Costs to cover: 0.170%
Break-even: 0.0 days

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago	2.92 bp	doesn't fit	doesn't fit	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	0.008554	+0.070%	$295	$19	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008543	−0.065%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008541	−0.088%	$23K	$22K	3x	as long as short
Aster ZORAUSDTlong	+0.0100%	4h	0.008549	long leg	$26K	$15K	5x
Binance ZORAUSDT	+0.0100%	4h	0.008547	−0.018%	$2.5M	$4.5M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008530	−0.217%	$2.4M	$1.8M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008544	−0.053%	$772K	$1.0M	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008550	+0.017%	$157K	$89K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008550	+0.017%	$9.9M	$227K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008552	+0.040%	$756K	$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	0.008550	+0.017%	$702K	$311K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008542	−0.077%	$39K	$107K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008535	−0.160%	$128K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008740	+2.240%	$2K	$1.4M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008546	−0.028%	$8K	$200K	5x	as long as short
Hyperliquid ZORAshort	+0.0226%	1h	0.008563	+0.169%	$1.6M	$319K	3x
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008546	−0.030%	$1K	—	100x	as long as short