Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit+2.471%7-day average +2.276% · you sell dearer than you buy

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +2.471%, 7d avg +2.276%

Together, before fees+0.015%+$2 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 0.195% dearer against Bybit than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +2.276%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZORAUSDT	0.008500	0.0100	pay 0.0050% / 4h	3h 30m	$2.3M	$1.7M	25x
Short	SunX ZORA-USDT	0.008710	0.0100	get 0.0050% / 4h	3h 30m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +2.471%Rate

Funding earned: $0
Price spread: +2.471% → +2.276%: $19.5
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: $0.5
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; SunX: live order book, 3 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 Bybit live order book, 1 min ago	2.94 bp	34.8 bp −$35	94.0 bp −$940	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	252.58 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	0.008504	+0.044%	$313	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008521	+0.247%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008503	+0.035%	$22K	$14K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008525	+0.294%	$1.6M	$312K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008518	+0.207%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008518	+0.207%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDTlong	+0.0100%	4h	0.008500	long leg	$2.3M	$1.7M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008506	+0.071%	$770K	$954K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008510	+0.118%	$159K	$79K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008520	+0.235%	$9.9M	$224K	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	0.008515	+0.176%	$754K	$1.5M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008526	+0.306%	$734K	$223K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008504	+0.047%	$126K	$24K	—	as long as short
SunX ZORA-USDTshort	+0.0100%	4h	0.008710	+2.471%	$2K	$1.3M	20x
Extended ZORA-USD	+0.0104%	1h	0.008516	+0.182%	$7K	$170K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0134%	1h	0.008526	+0.306%	$37K	$105K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008516	+0.188%	$1K	—	100x	as long as short