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 −0.007%

Price spread now: Variational Omni against KuCoin−0.370%7-day average −0.148% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.274%+$27 · spread now −0.370%, 7d avg −0.148%

Together, before fees+0.242%+ Points / potential airdropVariational Omni: Active · farm board+$24 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 0.222% cheaper against KuCoin than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZORAUSDTM	0.008456	0.0100	pay 0.0050% / 4h	2h 36m	$743K	$1.5M	30x
Short	Variational Omni ZORA	0.008425	0.0100	get 0.0050% / 4h	2h 36m	$127K	$24K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.370%Rate

Funding earned: $0
Price spread: −0.370% → −0.148%: −$22.2
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$34.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Variational Omni: RFQ quote, 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, 4 min ago	9.49 bp	82.8 bp −$83	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 12 min ago	6.40 bp	doesn't fit	98.3 bp −$983	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	0.008457	+0.008%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008445	−0.130%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008446	−0.118%	$22K	$15K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008458	+0.025%	$26K	$16K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008458	+0.024%	$2.5M	$4.3M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008438	−0.213%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008436	−0.237%	$765K	$974K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008450	−0.071%	$162K	$83K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008458	+0.024%	$9.8M	$224K	50x	as long as short
KuCoin ZORAUSDTMlong	+0.0100%	4h	0.008456	long leg	$743K	$1.5M	30x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008458	+0.024%	$687K	$286K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008460	+0.047%	$34K	$106K	10x	as long as short
Variational Omni ZORAshort	+0.0100%	4h	0.008425	−0.370%	$127K	$24K	—
SunX ZORA-USDT	+0.0100%	4h	0.008640	+2.176%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008448	−0.094%	$8K	$202K	5x	as long as short
Hyperliquid ZORA	+0.0142%	1h	0.008461	+0.059%	$1.6M	$307K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008448	−0.095%	$1K	—	100x	as long as short