Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Extended+2.066%7-day average +2.184% · you sell dearer than you buy

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

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.491%+$49 · spread now +2.066%, 7d avg +2.184%

Together, before fees+0.539%+ Points / potential airdropExtended: Active · farm board+$54 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 0.118% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +2.184%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZORA-USD	0.008387	0.0104	pay 0.0013% / 1h	29m 26s	$6K	$169K	5x
Short	SunX ZORA-USDT	0.008560	0.0100	get 0.0050% / 4h	2h 29m	$2K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +2.066%Rate

Funding earned: −$0.84
Price spread: +2.066% → +2.184%: −$11.84
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$25.68
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 56 min ago; SunX: live order book, 4 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 Extended live order book, 56 min ago	4.74 bp	61.3 bp −$61	330.8 bp −$3,308	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	250.44 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	0.008381	−0.074%	$308	$5	5x	as long as short
Variational Omni ZORA	+0.0028%	4h	0.008365	−0.258%	$124K	$26K	—	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008377	−0.116%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008371	−0.188%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008385	−0.016%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008384	−0.033%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008367	−0.236%	$2.2M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008381	−0.069%	$762K	$969K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008370	−0.200%	$154K	$73K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008380	−0.081%	$9.7M	$229K	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	0.008385	−0.021%	$737K	$1.1M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008382	−0.057%	$731K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008381	−0.069%	$33K	$119K	10x	as long as short
SunX ZORA-USDTshort	+0.0100%	4h	0.008560	+2.066%	$2K	$1.2M	20x
Extended ZORA-USDlong	+0.0104%	1h	0.008387	long leg	$6K	$169K	5x
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008382	−0.057%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0426%	1h	0.008399	+0.146%	$1.6M	$318K	3x	as long as short