Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.007%

Price spread now: Hyperliquid against Binance+0.181%7-day average +0.077% · you sell dearer than you buy

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

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 7 days−0.172%−$17 · spread now +0.181%, 7d avg +0.077%

Together, before fees−0.118%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.103% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008402	0.0100	pay 0.0050% / 4h	1h 33m	$2.5M	$3.9M	50x
Short	Hyperliquid ZORA	0.008417	0.0124	get 0.0015% / 1h	33m 54s	$1.6M	$317K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Position, each leg$Hold fordaysFee BinancebpFee HyperliquidbpOrdersPrice spread, now +0.181%Rate

Funding earned: $5.02
Price spread: +0.181% → +0.077%: $10.33
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$3.65
Costs to cover: 0.190%
Break-even: 12.1 days

Slippage unknown: Binance: live order book, 3 min ago; 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 Binance live order book, 3 min ago	0.60 bp	20.7 bp −$21	100.8 bp −$1,008	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.78 bp	doesn't fit	doesn't fit	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	0.008402	+0.002%	$309	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008389	−0.153%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008382	−0.236%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008393	−0.105%	$26K	$28K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008402	long leg	$2.5M	$3.9M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008388	−0.164%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008396	−0.069%	$763K	$966K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008380	−0.260%	$155K	$73K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008401	−0.010%	$9.8M	$224K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008390	−0.141%	$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	0.008395	−0.081%	$733K	$205K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008401	−0.010%	$33K	$117K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008382	−0.241%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008570	+2.002%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008403	+0.020%	$6K	$169K	5x	as long as short
Hyperliquid ZORAshort	+0.0124%	1h	0.008417	+0.181%	$1.6M	$317K	3x
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008391	−0.129%	$1K	—	100x	as long as short