Funding arb · Price arb /

ZORA

all ZORA markets

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 KuCoin+2.233%54s7-day average +2.132% · you sell dearer than you buy

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +2.233%, 7d avg +2.132%

Together, before fees+0.081%+$8 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 0.100% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +2.132%. The two prices were read 54 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	KuCoin ZORAUSDTM	0.008510	0.0100	pay 0.0050% / 4h	1h 02m	$752K	$1.6M	30x
Short	SunX ZORA-USDT	0.008700	0.0100	get 0.0050% / 4h	1h 02m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now +2.233%Rate

Funding earned: $0
Price spread: +2.233% → +2.132%: $10.05
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.95
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; SunX: live order book, 12 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 KuCoin live order book, 3 min ago	7.01 bp	64.2 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	257.58 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	+0.0003%	1h	0.008519	+0.109%	$294	$19	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008507	−0.035%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008512	+0.024%	$20K	$19K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008530	+0.235%	$1.6M	$319K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008514	+0.044%	$26K	$15K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008514	+0.044%	$2.5M	$4.5M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008491	−0.223%	$2.4M	$1.8M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008504	−0.071%	$768K	$1.0M	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008500	−0.118%	$163K	$86K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008513	+0.035%	$9.9M	$236K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTMlong	+0.0100%	4h	0.008510	long leg	$752K	$1.6M	30x
Bitget ZORAUSDT	+0.0100%	4h	0.008517	+0.082%	$696K	$304K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008517	+0.082%	$36K	$105K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008546	+0.417%	$128K	$25K	—	as long as short
SunX ZORA-USDTshort	+0.0100%	4h	0.008700	+2.233%	$2K	$1.4M	20x
Extended ZORA-USD	+0.0104%	1h	0.008513	+0.040%	$8K	$203K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008507	−0.035%	$1K	—	100x	as long as short