Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.214%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1101.099% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.222%+$22 · spread now −0.214%, 7d avg −0.088%

Together, before fees+0.252%+$25 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 0.126% cheaper against MEXC than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZORA_USDT	0.008422	0.0100	pay 0.0050% / 4h	2h 41m	$9.8M	$226K	50x
Short	Bybit ZORAUSDT	0.008404	0.0100	get 0.0050% / 4h	2h 41m	$2.3M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.214%Rate

Funding earned: $0
Price spread: −0.214% → −0.088%: −$12.56
Slippage, 4 orders: −$94.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$122.49
Costs to cover: 1.099%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 1 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 MEXC live order book, 2 min ago	1.78 bp	17.5 bp −$17	79.0 bp −$790	231.2 bp −$23.1K	doesn't fit
Sell Bybit live order book, 1 min ago	2.97 bp	37.8 bp −$38	90.9 bp −$909	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	0.008431	+0.103%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008415	−0.083%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008402	−0.237%	$21K	$12K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008434	+0.142%	$1.6M	$317K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008421	−0.015%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008418	−0.050%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDTshort	+0.0100%	4h	0.008404	−0.214%	$2.3M	$1.7M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008416	−0.071%	$767K	$994K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008410	−0.142%	$154K	$78K	25x	as long as short
MEXC ZORA_USDTlong	+0.0100%	4h	0.008422	long leg	$9.8M	$226K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008420	−0.024%	$767K	$1.3M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008423	+0.012%	$721K	$216K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008432	+0.119%	$36K	$112K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008408	−0.170%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008610	+2.232%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008421	−0.015%	$9K	$169K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008419	−0.036%	$1K	—	100x	as long as short