Funding arb · Price arb /

ZORA

all ZORA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against SunX−2.314%7-day average −2.183% · you buy dearer than you sell

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now −2.314%, 7d avg −2.183%

Together, before fees−0.055%+ Points / potential airdropExtended: Active · farm board−$6 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: Extended is 0.131% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −2.183%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZORA-USDT	0.008640	0.0100	pay 0.0050% / 4h	2h 05m	$2K	$1.2M	20x
Short	Extended ZORA-USD	0.008440	0.0104	get 0.0013% / 1h	5m 11s	$6K	$164K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −2.314%Rate

Funding earned: $0.84
Price spread: −2.314% → −2.183%: −$13.1
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$25.26
Costs to cover: 0.130%
Break-even: 217.5 days

Slippage unknown: SunX: live order book, 9 min ago; Extended: live order book, 61 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	266.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 61 min ago	3.51 bp	64.5 bp −$65	406.5 bp −$4,065	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	0.008434	−2.382%	$310	$5	5x	as long as short
Lighter ZORA	+0.0096%	1h	0.008436	−2.361%	$22K	$15K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008458	−2.106%	$1.6M	$319K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008438	−2.343%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008442	−2.290%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008428	−2.454%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008436	−2.361%	$765K	$962K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008430	−2.431%	$154K	$78K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008442	−2.292%	$9.8M	$229K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008437	−2.350%	$758K	$1.4M	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	0.008434	−2.384%	$722K	$208K	25x	as long as short
BingX ZORA-USDT	+0.0100%	4h	0.008433	−2.396%	—	$6.6M	—	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008419	−2.558%	$125K	$26K	—	as long as short
SunX ZORA-USDTlong	+0.0100%	4h	0.008640	long leg	$2K	$1.2M	20x
Extended ZORA-USDshort	+0.0104%	1h	0.008440	−2.314%	$6K	$164K	5x
Backpack ZORA_USDC_PERP	+0.0116%	1h	0.008443	−2.280%	$36K	$108K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008436	−2.361%	$1K	—	100x	as long as short