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

ZORA

all ZORA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0356%/8h= +39.0% APRnext payment +$0.45 per $10,000 · paid last 24h +0.006%
Price spread now: Hyperliquid against Extended+0.164%7-day average +0.155% · 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 7 days+0.027%+$3 on $10k
Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.164%, 7d avg +0.155%
Together, before fees+0.052%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.155%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ZORA-USD0.0084600.0104pay 0.0013% / 1h58m 28s$6K$163K5x
ShortHyperliquid ZORA0.0084740.0460get 0.0058% / 1h58m 28s$1.6M$315K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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
$74.83
Price spread: +0.164% → +0.155%
$0.93
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$61.75
Costs to cover
0.140%
Break-even
1.2 days
Slippage unknown: Extended: live order book, 13 min ago; 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 Extended live order book, 13 min ago4.74 bp57.3 bp −$57321.4 bp −$3,214doesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago0.59 bpdoesn't fitdoesn't fitdoesn'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%1h0.008453−0.086%$311$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008459−0.014%$6.6Mas long as short
Lighter ZORA+0.0096%1h0.008444−0.191%$21K$11K3xas long as short
Aster ZORAUSDT+0.0100%4h0.008460−0.007%$26K$28K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008462+0.023%$2.5M$4.0M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008446−0.167%$2.3M$1.7M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008458−0.025%$769K$993K10xas long as short
Gate ZORA_USDT+0.0100%4h0.008450−0.120%$156K$70K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008459−0.014%$9.8M$226K50xas long as short
KuCoin ZORAUSDTM+0.0100%4h0.008461+0.010%$770K$1.2M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZORAUSDT+0.0100%4h0.008462+0.022%$728K$217K25xas long as short
Variational Omni ZORA+0.0100%4h0.008445−0.175%$126K$26Kas long as short
SunX ZORA-USDT+0.0100%4h0.008640+2.126%$2K$1.2M20xas long as short
Extended ZORA-USDlong+0.0104%1h0.008460long leg$6K$163K5x
Backpack ZORA_USDC_PERP+0.0161%1h0.008452−0.096%$34K$114K10xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0230% / S −0.0433%1h0.008460−0.002%$1K100xas long as short
Hyperliquid ZORAshort+0.0460%1h0.008474+0.164%$1.6M$315K3x