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: OKX against SunX−2.163%7-day average −2.200% · you buy dearer than you sell

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)−0.182%−$18 · spread now −2.163%, 7d avg −2.200%

Together, before fees−0.280%−$28 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: OKX 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 −2.200%.

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 09m	$1K	$1.2M	20x
Short	OKX ZORA-USDT-SWAP	0.008414	0.0100	get 0.0050% / 4h	1h 09m	$765K	$974K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −2.163%Rate

Funding earned: $0
Price spread: −2.163% → −2.200%: $3.7
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.3
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; OKX: 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, 4 min ago	243.62 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 7 min ago	1.78 bp	38.0 bp −$38	109.0 bp −$1,090	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	0.008421	−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	0.008435	−1.919%	$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-SWAPshort	+0.0100%	4h	0.008414	−2.163%	$765K	$974K	10x
Gate ZORA_USDT	+0.0100%	4h	0.008420	−2.093%	$157K	$75K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008427	−2.012%	$9.8M	$228K	50x	as long as short

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%	$775K	$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	0.008422	−2.069%	$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