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 −0.007%

Price spread now: Variational Omni against Gate+0.072%7-day average −0.060% · you sell dearer than you buy

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

Long on Gate 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 4 days (all we have)+0.131%+$13 · spread now +0.072%, 7d avg −0.060%

Together, before fees+0.100%+ Points / potential airdropVariational Omni: Active · farm board+$10 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 0.132% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZORA_USDT	0.008410	0.0100	pay 0.0050% / 4h	2h 09m	$154K	$78K	25x
Short	Variational Omni ZORA	0.008416	0.0100	get 0.0050% / 4h	2h 09m	$125K	$26K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → −0.060%: $13.16
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.84
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 51 min ago; Variational Omni: RFQ quote, 60 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, 51 min ago	5.89 bp	73.6 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 60 min ago	6.41 bp	doesn't fit	91.4 bp −$914	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	0.008438	+0.330%	$311	$5	5x	as long as short
Lighter ZORA	+0.0096%	1h	0.008403	−0.083%	$22K	$15K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008426	+0.190%	$1.6M	$319K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008418	+0.097%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008413	+0.037%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008404	−0.071%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008403	−0.083%	$762K	$961K	10x	as long as short
Gate ZORA_USDTlong	+0.0100%	4h	0.008410	long leg	$154K	$78K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008412	+0.024%	$9.8M	$229K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008414	+0.048%	$756K	$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	0.008419	+0.107%	$720K	$209K	25x	as long as short
BingX ZORA-USDT	+0.0100%	4h	0.008416	+0.071%	—	$6.6M	—	as long as short
Variational Omni ZORAshort	+0.0100%	4h	0.008416	+0.072%	$125K	$26K	—
SunX ZORA-USDT	+0.0100%	4h	0.008610	+2.378%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008409	−0.010%	$6K	$164K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0106%	1h	0.008415	+0.059%	$36K	$110K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008410	0.000%	$1K	—	100x	as long as short