Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Bitget against Variational Omni+0.218%7-day average +0.144% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.218%, 7d avg +0.144%

Together, before fees−0.140%+ Points / potential airdropVariational Omni: Active · farm board−$14 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: Bitget is 0.074% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008485	0.0100	pay 0.0050% / 4h	2h 43m	$127K	$24K	—
Short	Bitget ZORAUSDT	0.008503	0.0100	get 0.0050% / 4h	2h 43m	$681K	$277K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.218%Rate

Funding earned: $0
Price spread: +0.218% → +0.144%: $7.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4.61
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 6 min ago; Bitget: live order book, 2 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, 6 min ago	6.40 bp	doesn't fit	102.9 bp −$1,029	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	5.87 bp	31.4 bp −$31	133.8 bp −$1,338	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	0.008524	+0.463%	$314	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008505	+0.241%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008494	+0.112%	$22K	$15K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008517	+0.383%	$1.6M	$306K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008511	+0.314%	$26K	$16K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008500	+0.183%	$2.5M	$4.3M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008480	−0.053%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008488	+0.041%	$771K	$974K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008500	+0.183%	$163K	$82K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008504	+0.230%	$9.9M	$223K	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	0.008513	+0.336%	$748K	$1.5M	30x	as long as short
Bitget ZORAUSDTshort	+0.0100%	4h	0.008503	+0.218%	$681K	$277K	25x
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008511	+0.312%	$34K	$106K	10x	as long as short
Variational Omni ZORAlong	+0.0100%	4h	0.008485	long leg	$127K	$24K	—
SunX ZORA-USDT	+0.0100%	4h	0.008690	+2.422%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008493	+0.104%	$7K	$196K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008490	+0.065%	$1K	—	100x	as long as short