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 −0.007%

Price spread now: Variational Omni against SunX−2.318%7-day average −2.281% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 3 days (all we have)−0.125%−$13 · spread now −2.318%, 7d avg −2.281%

Together, before fees−0.156%+ Points / potential airdropVariational Omni: Active · farm board−$16 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: Variational Omni is 0.037% 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 −2.281%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZORA-USDT	0.008650	0.0100	pay 0.0050% / 4h	31m 13s	$1K	$1.2M	20x
Short	Variational Omni ZORA	0.008450	0.0100	get 0.0050% / 4h	31m 13s	$126K	$26K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −2.318%Rate

Funding earned: $0
Price spread: −2.318% → −2.281%: −$3.67
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.67
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; Variational Omni: RFQ quote, 48 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, 2 min ago	253.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 48 min ago	5.36 bp	doesn't fit	73.2 bp −$732	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	0.008472	−2.058%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008462	−2.173%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008453	−2.277%	$21K	$12K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008470	−2.077%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008467	−2.115%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008452	−2.289%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008460	−2.197%	$770K	$987K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008470	−2.081%	$156K	$74K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008466	−2.127%	$9.8M	$228K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008463	−2.162%	$764K	$1.2M	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	0.008475	−2.023%	$741K	$208K	25x	as long as short
Variational Omni ZORAshort	+0.0100%	4h	0.008450	−2.318%	$126K	$26K	—
SunX ZORA-USDTlong	+0.0100%	4h	0.008650	long leg	$1K	$1.2M	20x
Extended ZORA-USD	+0.0104%	1h	0.008462	−2.170%	$6K	$169K	5x	as long as short
Hyperliquid ZORA	+0.0144%	1h	0.008484	−1.919%	$1.6M	$315K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008465	−2.139%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0279%	1h	0.008469	−2.092%	$34K	$114K	10x	as long as short