ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%

Price spread now: Bybit against BingX−0.035%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.035%, 7d avg −0.064%

Together, before fees+0.075%+$8 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 Bybit is 0.029% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZORA-USDT	0.008470	0.0070	pay 0.0035% / 4h	1h 32m	—	$6.5M	—
Short	Bybit ZORAUSDT	0.008467	0.0100	get 0.0050% / 4h	1h 32m	$2.3M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $6.3
Price spread: −0.035% → −0.064%: $2.89
Slippage, 4 orders: −$80.26
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$92.07
Costs to cover: 1.013%
Break-even: 109.3 days

Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 4 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 BingX live order book, 4 min ago	2.36 bp	13.8 bp −$14	54.8 bp −$548	555.7 bp −$55.6K	doesn't fit
Sell Bybit live order book, 4 min ago	1.78 bp	34.3 bp −$34	102.0 bp −$1,020	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	0.008460	−0.122%	$311	$5	5x	as long as short
BingX ZORA-USDTlong	+0.0070%	4h	0.008470	long leg	—	$6.5M	—
Lighter ZORA	+0.0096%	1h	0.008473	+0.035%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008476	+0.072%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008483	+0.153%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDTshort	+0.0100%	4h	0.008467	−0.035%	$2.3M	$1.7M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008470	0.000%	$769K	$966K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008470	0.000%	$155K	$78K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008483	+0.153%	$9.9M	$225K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008472	+0.024%	$750K	$1.4M	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	0.008491	+0.248%	$725K	$215K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008452	−0.214%	$125K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008670	+2.361%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008479	+0.101%	$8K	$165K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008479	+0.106%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0319%	1h	0.008485	+0.177%	$36K	$110K	10x	as long as short
Hyperliquid ZORA	+0.0364%	1h	0.008500	+0.354%	$1.6M	$319K	3x	as long as short