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: SunX against Bitget+2.108%50s7-day average +2.135% · you sell dearer than you buy

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 3 days (all we have)+0.186%+$19 · spread now +2.108%, 7d avg +2.135%

Together, before fees+0.209%+$21 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: SunX is 0.027% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +2.135%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZORAUSDT	0.008491	0.0100	pay 0.0050% / 4h	3h 17m	$728K	$215K	25x
Short	SunX ZORA-USDT	0.008670	0.0100	get 0.0050% / 4h	3h 17m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +2.108%Rate

Funding earned: $0
Price spread: +2.108% → +2.135%: −$2.7
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$22.7
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 53 min ago; SunX: live order book, 6 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 Bitget live order book, 53 min ago	5.32 bp	26.2 bp −$26	122.0 bp −$1,220	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	252.87 bp	doesn't fit	doesn't fit	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	0.008494	+0.039%	$313	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008483	−0.094%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008482	−0.106%	$22K	$11K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008504	+0.153%	$1.6M	$314K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008482	−0.104%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008489	−0.024%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008482	−0.106%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008482	−0.106%	$774K	$999K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008480	−0.130%	$155K	$75K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008491	0.000%	$9.9M	$228K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008489	−0.024%	$778K	$1.3M	30x	as long as short
Bitget ZORAUSDTlong	+0.0100%	4h	0.008491	long leg	$728K	$215K	25x
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008497	+0.071%	$33K	$115K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008477	−0.164%	$126K	$26K	—	as long as short
SunX ZORA-USDTshort	+0.0100%	4h	0.008670	+2.108%	$1K	$1.3M	20x
Extended ZORA-USD	+0.0104%	1h	0.008486	−0.053%	$6K	$167K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008485	−0.071%	$1K	—	100x	as long as short