ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.47 per $10,000 · paid last 24h +0.007%

Price spread now: Bybit against Variational Omni−0.047%7-day average +0.006% · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

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)−0.091%−$9 · spread now −0.047%, 7d avg +0.006%

Together, before fees−0.061%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.053% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.006%). If the spread goes back, that is −$5 on $10k: about 45 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.030% in total) that is about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008374	0.0005	pay 0.0003% / 4h	2h 54m	$124K	$26K	—
Short	Bybit ZORAUSDT	0.008370	0.0100	get 0.0050% / 4h	2h 54m	$2.2M	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.047%Rate

Funding earned: $19.9
Price spread: −0.047% → +0.006%: −$5.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $3.58
Costs to cover: 0.110%
Break-even: 5.7 days

Slippage unknown: Variational Omni: RFQ quote, 34 min ago; Bybit: 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, 34 min ago	7.11 bp	doesn't fit	81.7 bp −$817	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.99 bp	27.3 bp −$27	74.8 bp −$748	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
Backpack ZORA_USDC_PERP	−0.0418%	1h	0.008392	+0.215%	$36K	$118K	10x	as long as short
dYdX ZORA-USD	0.0000%	1h	0.008394	+0.239%	$309	$5	5x	as long as short
Variational Omni ZORAlong	+0.0005%	4h	0.008374	long leg	$124K	$26K	—
BingX ZORA-USDT	+0.0070%	4h	0.008380	+0.072%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008378	+0.048%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008390	+0.193%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008386	+0.148%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDTshort	+0.0100%	4h	0.008370	−0.047%	$2.2M	$1.6M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008373	−0.011%	$761K	$965K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008380	+0.072%	$155K	$72K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZORA_USDT	+0.0100%	4h	0.008385	+0.132%	$9.7M	$228K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008387	+0.156%	$736K	$1.1M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008390	+0.192%	$732K	$214K	25x	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008570	+2.341%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008383	+0.103%	$6K	$169K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008394	+0.239%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0579%	1h	0.008398	+0.287%	$1.6M	$318K	3x	as long as short