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 OKX+1.949%7-day average +2.205% · you sell dearer than you buy

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.341%+$34 · spread now +1.949%, 7d avg +2.205%

Together, before fees+0.399%+$40 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 0.255% cheaper against OKX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +2.205%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZORA-USDT-SWAP	0.008465	0.0100	pay 0.0050% / 4h	2h 35m	$765K	$979K	10x
Short	SunX ZORA-USDT	0.008630	0.0100	get 0.0050% / 4h	2h 35m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +1.949%Rate

Funding earned: $0
Price spread: +1.949% → +2.205%: −$25.53
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$43.53
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 61 min ago; SunX: live order book, 8 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 OKX live order book, 61 min ago	2.94 bp	41.8 bp −$42	119.1 bp −$1,191	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	263.76 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	0.008457	−0.089%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008469	+0.047%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008449	−0.189%	$22K	$15K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008469	+0.051%	$26K	$16K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008480	+0.176%	$2.5M	$4.3M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008456	−0.106%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAPlong	+0.0100%	4h	0.008465	long leg	$765K	$979K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008460	−0.059%	$162K	$83K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008467	+0.024%	$9.8M	$224K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008455	−0.118%	$741K	$1.5M	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	0.008471	+0.071%	$688K	$286K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008447	−0.213%	$34K	$106K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008426	−0.464%	$127K	$24K	—	as long as short
SunX ZORA-USDTshort	+0.0100%	4h	0.008630	+1.949%	$2K	$1.3M	20x
Extended ZORA-USD	+0.0104%	1h	0.008479	+0.163%	$8K	$202K	5x	as long as short
Hyperliquid ZORA	+0.0163%	1h	0.008480	+0.177%	$1.6M	$307K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008443	−0.260%	$1K	—	100x	as long as short