Funding arb · Price arb /

ZORA

all ZORA markets

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 Gate+2.243%7-day average +2.217% · you sell dearer than you buy

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.291%+$29 · spread now +2.243%, 7d avg +2.217%

Together, before fees+0.338%+$34 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 0.026% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +2.217%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZORA_USDT	0.008470	0.0100	pay 0.0050% / 4h	27m 27s	$157K	$81K	25x
Short	SunX ZORA-USDT	0.008660	0.0100	get 0.0050% / 4h	27m 27s	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +2.243%Rate

Funding earned: $0
Price spread: +2.243% → +2.217%: $2.6
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.4
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 23 min ago; SunX: live order book, 7 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 Gate live order book, 23 min ago	11.85 bp	73.2 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	248.70 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	0.008477	+0.083%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008480	+0.118%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008469	−0.012%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008480	+0.116%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008476	+0.076%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008464	−0.071%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008464	−0.071%	$768K	$962K	10x	as long as short
Gate ZORA_USDTlong	+0.0100%	4h	0.008470	long leg	$157K	$81K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008474	+0.047%	$9.8M	$226K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008478	+0.094%	$748K	$1.4M	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	0.008485	+0.177%	$732K	$219K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008462	−0.100%	$126K	$25K	—	as long as short
SunX ZORA-USDTshort	+0.0100%	4h	0.008660	+2.243%	$2K	$1.3M	20x
Extended ZORA-USD	+0.0104%	1h	0.008476	+0.075%	$8K	$166K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0110%	1h	0.008473	+0.035%	$37K	$112K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008464	−0.071%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0338%	1h	0.008488	+0.213%	$1.6M	$322K	3x	as long as short