Funding arb · Price arb /

ZORA

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Swap Backtest

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 KuCoin−0.095%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1491.492% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.095%, 7d avg −0.136%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.041% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZORAUSDTM	0.008389	0.0100	pay 0.0050% / 4h	1h 47m	$783K	$1.1M	30x
Short	Bybit ZORAUSDT	0.008381	0.0100	get 0.0050% / 4h	1h 47m	$2.3M	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.136%: $4.1
Slippage, 4 orders: −$126.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$145.05
Costs to cover: 1.492%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	7.16 bp	52.5 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.99 bp	27.0 bp −$27	82.5 bp −$825	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	0.008375	−0.161%	$308	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008393	+0.048%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008362	−0.322%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008392	+0.032%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008392	+0.033%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDTshort	+0.0100%	4h	0.008381	−0.095%	$2.3M	$1.6M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008390	+0.012%	$764K	$966K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008380	−0.107%	$155K	$73K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008382	−0.083%	$9.7M	$223K	50x	as long as short
KuCoin ZORAUSDTMlong	+0.0100%	4h	0.008389	long leg	$783K	$1.1M	30x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008391	+0.024%	$732K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008380	−0.107%	$33K	$117K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008359	−0.360%	$124K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008550	+1.919%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008392	+0.039%	$6K	$169K	5x	as long as short
Hyperliquid ZORA	+0.0192%	1h	0.008393	+0.048%	$1.6M	$317K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008378	−0.131%	$1K	—	100x	as long as short