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: Gate against Variational Omni+0.201%7-day average +0.059% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

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)−0.183%−$18 · spread now +0.201%, 7d avg +0.059%

Together, before fees−0.153%+ Points / potential airdropVariational Omni: Active · farm board−$15 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: Gate is 0.142% dearer against Variational Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008453	0.0100	pay 0.0050% / 4h	34m 19s	$126K	$26K	—
Short	Gate ZORA_USDT	0.008470	0.0100	get 0.0050% / 4h	34m 19s	$156K	$74K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.201%Rate

Funding earned: $0
Price spread: +0.201% → +0.059%: $14.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$0.78
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 45 min ago; Gate: live order book, 36 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, 45 min ago	5.36 bp	doesn't fit	85.2 bp −$852	doesn't fit	doesn't fit
Sell Gate live order book, 36 min ago	5.94 bp	57.9 bp −$58	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	0.008472	+0.224%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008468	+0.177%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008461	+0.094%	$21K	$12K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008475	+0.265%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008475	+0.263%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008465	+0.142%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008462	+0.106%	$772K	$987K	10x	as long as short
Gate ZORA_USDTshort	+0.0100%	4h	0.008470	+0.201%	$156K	$74K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008475	+0.260%	$9.8M	$227K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008470	+0.201%	$766K	$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	0.008481	+0.331%	$741K	$208K	25x	as long as short
Variational Omni ZORAlong	+0.0100%	4h	0.008453	long leg	$126K	$26K	—
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.448%	$2K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008472	+0.225%	$6K	$169K	5x	as long as short
Hyperliquid ZORA	+0.0105%	1h	0.008493	+0.473%	$1.6M	$315K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008472	+0.224%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0300%	1h	0.008469	+0.189%	$34K	$114K	10x	as long as short