Funding arb · Price arb /

ZORA

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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: Bitget against SunX−2.182%7-day average −2.137% · you buy dearer than you sell

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)−0.308%−$31 · spread now −2.182%, 7d avg −2.137%

Together, before fees−0.331%−$33 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: Bitget is 0.045% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −2.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZORA-USDT	0.008570	0.0100	pay 0.0050% / 4h	1h 55m	$2K	$1.2M	20x
Short	Bitget ZORAUSDT	0.008383	0.0100	get 0.0050% / 4h	1h 55m	$732K	$207K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −2.182%Rate

Funding earned: $0
Price spread: −2.182% → −2.137%: −$4.47
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.47
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Bitget: live order book, 25 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, 9 min ago	256.71 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 25 min ago	11.89 bp	39.3 bp −$39	115.9 bp −$1,159	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	0.008375	−2.270%	$308	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008379	−2.229%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008369	−2.345%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008383	−2.179%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008386	−2.147%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008372	−2.310%	$2.2M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008384	−2.170%	$764K	$965K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008380	−2.217%	$154K	$73K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008387	−2.135%	$9.7M	$223K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008383	−2.182%	$779K	$1.1M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDTshort	+0.0100%	4h	0.008383	−2.182%	$732K	$207K	25x
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008389	−2.112%	$33K	$117K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008364	−2.406%	$124K	$26K	—	as long as short
SunX ZORA-USDTlong	+0.0100%	4h	0.008570	long leg	$2K	$1.2M	20x
Extended ZORA-USD	+0.0104%	1h	0.008387	−2.139%	$6K	$169K	5x	as long as short
Hyperliquid ZORA	+0.0210%	1h	0.008399	−1.995%	$1.6M	$317K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008384	−2.170%	$1K	—	100x	as long as short