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

ZORA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0181%/8h= +19.9% APRnext payment +$0.23 per $10,000 · paid last 24h +0.046%
Price spread now: Hyperliquid against dYdX+0.097%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.097% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZORA-USD0.0084780get 0.0000% / 1h48m 59s$292$195x
ShortHyperliquid ZORA0.0084860.0181get 0.0023% / 1h48m 59s$1.6M$321K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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
$38.09
Price spread: +0.097% → 0.000%
$9.67
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$28.75
Costs to cover
0.190%
Break-even
1.7 days
Slippage unknown: dYdX: no order-book sample; Hyperliquid: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Hyperliquid live order book, 2 min ago0.59 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZORA-USDlong0.0000%1h0.008478long leg$292$195x
BingX ZORA-USDT+0.0070%4h0.008469−0.104%$6.6Mas long as short
Lighter ZORA+0.0096%1h0.008457−0.245%$23K$22K3xas long as short
Aster ZORAUSDT+0.0100%4h0.008475−0.036%$26K$17K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008475−0.036%$2.5M$4.5M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008464−0.163%$2.3M$1.7M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008469−0.104%$760K$993K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008460−0.210%$154K$88K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008472−0.068%$9.9M$226K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008472−0.068%$750K$1.6M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDT+0.0100%4h0.008473−0.057%$694K$310K25xas long as short
Backpack ZORA_USDC_PERP+0.0100%1h0.008470−0.092%$35K$101K10xas long as short
Variational Omni ZORA+0.0100%4h0.008485+0.086%$127K$25Kas long as short
SunX ZORA-USDT+0.0100%4h0.008650+2.031%$2K$1.4M20xas long as short
Extended ZORA-USD+0.0104%1h0.008470−0.091%$9K$200K5xas long as short
Hyperliquid ZORAshort+0.0181%1h0.008486+0.097%$1.6M$321K3x
GMX ZORA/USD [ETH-USDC]L +0.0231% / S −0.0433%1h0.008468−0.116%$1K100xas long as short