Funding arb · Price arb /

ZORA

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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: KuCoin against SunX−2.100%7-day average −2.129% · you buy dearer than you sell

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 3 days (all we have)−0.152%−$15 · spread now −2.100%, 7d avg −2.129%

Together, before fees−0.237%−$24 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: KuCoin is 0.029% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −2.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZORA-USDT	0.008620	0.0100	pay 0.0050% / 4h	3h 38m	$1K	$1.2M	20x
Short	KuCoin ZORAUSDTM	0.008439	0.0100	get 0.0050% / 4h	3h 38m	$772K	$1.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −2.100%Rate

Funding earned: $0
Price spread: −2.100% → −2.129%: $2.92
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.08
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; KuCoin: 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 SunX live order book, 6 min ago	248.70 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	10.07 bp	39.9 bp −$40	505.5 bp −$5,055	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	0.008432	−2.177%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008435	−2.146%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008428	−2.227%	$21K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008438	−2.111%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008440	−2.083%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008428	−2.227%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008434	−2.158%	$768K	$981K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008430	−2.204%	$155K	$71K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008439	−2.100%	$9.8M	$227K	50x	as long as short
KuCoin ZORAUSDTMshort	+0.0100%	4h	0.008439	−2.100%	$772K	$1.2M	30x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008438	−2.111%	$724K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008438	−2.111%	$34K	$113K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008428	−2.231%	$125K	$26K	—	as long as short
SunX ZORA-USDTlong	+0.0100%	4h	0.008620	long leg	$1K	$1.2M	20x
Extended ZORA-USD	+0.0104%	1h	0.008440	−2.086%	$9K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008435	−2.146%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0294%	1h	0.008452	−1.949%	$1.6M	$314K	3x	as long as short