Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%
Price spread now: Backpack against Variational Omni+0.177%7-day average +0.162% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.157%+$16 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.177%, 7d avg +0.162%
=Together, before fees+0.106%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZORA | 0.008530 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $127K | $25K | — |
| Short | Backpack ZORA_USDC_PERP | 0.008545 | 0.0100 | get 0.0013% / 1h | 0m 38s | $37K | $106K | 10x |
Variational Omni ZORA
Backpack ZORA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.177% → +0.162%
- $1.44
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$8.56
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 48 min ago; Backpack: live order book, 47 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 Variational Omni RFQ quote, 48 min ago | 6.40 bp | doesn't fit | 102.9 bp −$1,029 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 47 min ago | 2.94 bp | 14.0 bp −$14 | doesn't fit | 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 | 0.008540 | +0.124% | $314 | — | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008541 | +0.130% | — | $6.5M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008536 | +0.071% | $22K | $16K | 3x | as long as short |
| Hyperliquid ZORA | +0.0100% | 1h | 0.008561 | +0.364% | $1.6M | $307K | 3x | as long as short |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008551 | +0.246% | $26K | $15K | 5x | as long as short |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008550 | +0.235% | $2.5M | $4.3M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008532 | +0.024% | $2.3M | $1.7M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008546 | +0.188% | $771K | $997K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008540 | +0.118% | $163K | $84K | 25x | as long as short |
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008545 | +0.177% | $9.9M | $236K | 50x | as long as short |
dYdX ZORA-USD
BingX ZORA-USDT
Lighter ZORA
Hyperliquid ZORA
Aster ZORAUSDT
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
MEXC ZORA_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008548 | +0.212% | $757K | $1.5M | 30x | as long as short |
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008553 | +0.271% | $699K | $283K | 25x | as long as short |
| Backpack ZORA_USDC_PERPshort | +0.0100% | 1h | 0.008545 | +0.177% | $37K | $106K | 10x | |
| Variational Omni ZORAlong | +0.0100% | 4h | 0.008530 | long leg | $127K | $25K | — | |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008730 | +2.346% | $2K | $1.3M | 20x | as long as short |
| Extended ZORA-USD | +0.0104% | 1h | 0.008546 | +0.193% | $6K | $204K | 5x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0231% / S −0.0433% | 1h | 0.008543 | +0.153% | $1K | — | 100x | as long as short |
KuCoin ZORAUSDTM
Bitget ZORAUSDT
SunX ZORA-USDT
Extended ZORA-USD
GMX ZORA/USD [ETH-USDC]