Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against SunX−2.105%7-day average −2.142% · you buy dearer than you sell

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 3 days (all we have)−0.387%−$39 · spread now −2.105%, 7d avg −2.142%

Together, before fees−0.460%−$46 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: Binance is 0.037% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −2.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZORA-USDT	0.008550	0.0100	pay 0.0050% / 4h	2h 47m	$1K	$1.2M	20x
Short	Binance ZORAUSDT	0.008370	0.0100	get 0.0050% / 4h	2h 47m	$2.5M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −2.105%Rate

Funding earned: $0
Price spread: −2.105% → −2.142%: $3.71
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.29
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; Binance: live order book, 4 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 SunX live order book, 6 min ago	262.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.60 bp	27.4 bp −$27	100.9 bp −$1,009	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
Backpack ZORA_USDC_PERP	−0.0232%	1h	0.008373	−2.070%	$33K	$119K	10x	as long as short
Variational Omni ZORA	−0.0005%	4h	0.008355	−2.286%	$124K	$26K	—	as long as short
dYdX ZORA-USD	0.0000%	1h	0.008376	−2.035%	$308	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008366	−2.152%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008355	−2.281%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008374	−2.062%	$26K	$28K	5x	as long as short
Binance ZORAUSDTshort	+0.0100%	4h	0.008370	−2.105%	$2.5M	$4.0M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008362	−2.199%	$2.2M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008365	−2.164%	$759K	$962K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008360	−2.222%	$154K	$73K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZORA_USDT	+0.0100%	4h	0.008370	−2.105%	$9.7M	$228K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008369	−2.117%	$735K	$1.1M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008372	−2.082%	$731K	$208K	25x	as long as short
SunX ZORA-USDTlong	+0.0100%	4h	0.008550	long leg	$1K	$1.2M	20x
Extended ZORA-USD	+0.0104%	1h	0.008369	−2.117%	$6K	$169K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008372	−2.082%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0456%	1h	0.008385	−1.930%	$1.6M	$318K	3x	as long as short