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 MEXC+2.212%7-day average +2.141% · you sell dearer than you buy

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)+0.095%+$9 · spread now +2.212%, 7d avg +2.141%

Together, before fees+0.160%+$16 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 0.072% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +2.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZORA_USDT	0.008453	0.0100	pay 0.0050% / 4h	3h 36m	$9.8M	$227K	50x
Short	SunX ZORA-USDT	0.008640	0.0100	get 0.0050% / 4h	3h 36m	$2K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now +2.212%Rate

Funding earned: $0
Price spread: +2.212% → +2.141%: $7.15
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.78 bp	12.8 bp −$13	73.2 bp −$732	267.0 bp −$26.7K	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	0.008440	−0.158%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008446	−0.083%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008434	−0.225%	$21K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008441	−0.141%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008454	+0.012%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008440	−0.154%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008445	−0.095%	$769K	$982K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008440	−0.154%	$155K	$71K	25x	as long as short
MEXC ZORA_USDTlong	+0.0100%	4h	0.008453	long leg	$9.8M	$227K	50x
KuCoin ZORAUSDTM	+0.0100%	4h	0.008450	−0.035%	$773K	$1.2M	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	0.008440	−0.154%	$725K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008453	0.000%	$34K	$113K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008428	−0.299%	$125K	$26K	—	as long as short
SunX ZORA-USDTshort	+0.0100%	4h	0.008640	+2.212%	$2K	$1.2M	20x
Extended ZORA-USD	+0.0104%	1h	0.008452	−0.009%	$9K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008447	−0.071%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0281%	1h	0.008466	+0.154%	$1.6M	$314K	3x	as long as short