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 −0.007%

Price spread now: Variational Omni against Binance−0.205%7-day average −0.130% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 3 days (all we have)+0.215%+$22 · spread now −0.205%, 7d avg −0.130%

Together, before fees+0.185%+ Points / potential airdropVariational Omni: Active · farm board+$18 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: Variational Omni is 0.076% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZORAUSDT	0.008381	0.0100	pay 0.0050% / 4h	1h 53m	$2.5M	$3.9M	50x
Short	Variational Omni ZORA	0.008364	0.0100	get 0.0050% / 4h	1h 53m	$124K	$26K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.205%Rate

Funding earned: $0
Price spread: −0.205% → −0.130%: −$7.58
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.58
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; Variational Omni: RFQ quote, 30 min ago. Net counts fees only.

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 Binance live order book, 13 min ago	0.60 bp	24.6 bp −$25	111.1 bp −$1,111	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 30 min ago	8.35 bp	doesn't fit	76.3 bp −$763	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	−0.066%	$308	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008378	−0.036%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008365	−0.191%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008382	+0.013%	$26K	$28K	5x	as long as short
Binance ZORAUSDTlong	+0.0100%	4h	0.008381	long leg	$2.5M	$3.9M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008368	−0.155%	$2.2M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008379	−0.024%	$764K	$964K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008380	−0.012%	$154K	$73K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008380	−0.012%	$9.7M	$223K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008383	+0.024%	$782K	$1.1M	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	0.008381	0.000%	$732K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008382	+0.012%	$33K	$117K	10x	as long as short
Variational Omni ZORAshort	+0.0100%	4h	0.008364	−0.205%	$124K	$26K	—
SunX ZORA-USDT	+0.0100%	4h	0.008560	+2.136%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008379	−0.025%	$6K	$169K	5x	as long as short
Hyperliquid ZORA	+0.0194%	1h	0.008394	+0.155%	$1.6M	$317K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008381	0.000%	$1K	—	100x	as long as short