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

ZORA

all ZORA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.086%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$960.958% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 7 days+0.053%+$5 · spread now −0.086%, 7d avg −0.089%
Together, before fees+0.074%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZORAUSDT0.0083730.0100pay 0.0050% / 4h2h 09m$2.5M$4.0M50x
ShortBybit ZORAUSDT0.0083660.0100get 0.0050% / 4h2h 09m$2.2M$1.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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: −0.086% → −0.089%
$0.26
Slippage, 4 orders
−$74.8
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$95.54
Costs to cover
0.958%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 7 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 Binance live order book, 12 min ago0.60 bp20.3 bp −$20113.1 bp −$1,131doesn't fitdoesn't fit
Sell Bybit live order book, 7 min ago2.39 bp22.7 bp −$2383.5 bp −$835doesn'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%1h0.008383+0.120%$309$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008373−0.003%$6.6Mas long as short
Lighter ZORA+0.0096%1h0.008368−0.063%$22K$11K3xas long as short
Aster ZORAUSDT+0.0100%4h0.008379+0.068%$26K$28K5xas long as short
Binance ZORAUSDTlong+0.0100%4h0.008373long leg$2.5M$4.0M50x
Bybit ZORAUSDTshort+0.0100%4h0.008366−0.086%$2.2M$1.6M25x
OKX ZORA-USDT-SWAP+0.0100%4h0.008375+0.021%$764K$966K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008380+0.081%$154K$73K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008374+0.009%$9.7M$230K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008380+0.081%$737K$1.1M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDT+0.0100%4h0.008381+0.093%$731K$207K25xas long as short
Backpack ZORA_USDC_PERP+0.0100%1h0.008377+0.045%$33K$117K10xas long as short
Variational Omni ZORA+0.0100%4h0.008367−0.071%$124K$26Kas long as short
SunX ZORA-USDT+0.0100%4h0.008550+2.111%$1K$1.2M20xas long as short
Extended ZORA-USD+0.0104%1h0.008374+0.010%$6K$169K5xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008376+0.033%$1K100xas long as short
Hyperliquid ZORA+0.0342%1h0.008390+0.200%$1.6M$317K3xas long as short