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: MEXC against SunX−2.012%7-day average −2.143% · you buy dearer than you sell

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

Long on SunX Short on MEXC

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)−0.379%−$38 · spread now −2.012%, 7d avg −2.143%

Together, before fees−0.453%−$45 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: MEXC is 0.131% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −2.143%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZORA-USDT	0.008600	0.0100	pay 0.0050% / 4h	1h 08m	$1K	$1.2M	20x
Short	MEXC ZORA_USDT	0.008427	0.0100	get 0.0050% / 4h	1h 08m	$9.8M	$228K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −2.012%Rate

Funding earned: $0
Price spread: −2.012% → −2.143%: $13.1
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: $1.1
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; MEXC: 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, 4 min ago	243.62 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.19 bp	14.7 bp −$15	79.8 bp −$798	241.3 bp −$24.1K	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	0.008421	−2.079%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008421	−2.081%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008409	−2.221%	$22K	$11K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008436	−1.907%	$1.6M	$317K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008426	−2.021%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008427	−2.012%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008409	−2.221%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008418	−2.116%	$765K	$974K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008420	−2.093%	$157K	$75K	25x	as long as short
MEXC ZORA_USDTshort	+0.0100%	4h	0.008427	−2.012%	$9.8M	$228K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008421	−2.081%	$773K	$1.1M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008432	−1.953%	$736K	$211K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008406	−2.252%	$125K	$26K	—	as long as short
SunX ZORA-USDTlong	+0.0100%	4h	0.008600	long leg	$1K	$1.2M	20x
Extended ZORA-USD	+0.0104%	1h	0.008424	−2.046%	$6K	$169K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0167%	1h	0.008427	−2.012%	$34K	$116K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008426	−2.023%	$1K	—	100x	as long as short