Funding arb · Price arb /

ZORA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: KuCoin against Variational Omni+0.332%7-day average +0.146% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.278%−$28 · spread now +0.332%, 7d avg +0.146%

Together, before fees−0.246%+ Points / potential airdropVariational Omni: Active · farm board−$25 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: KuCoin is 0.186% dearer against Variational Omni than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008456	0.0100	pay 0.0050% / 4h	25m 09s	$126K	$25K	—
Short	KuCoin ZORAUSDTM	0.008484	0.0100	get 0.0050% / 4h	25m 09s	$750K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.332%Rate

Funding earned: $0
Price spread: +0.332% → +0.146%: $18.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $6.63
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 34 min ago; KuCoin: live order book, 5 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	6.52 bp	doesn't fit	101.3 bp −$1,013	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	10.61 bp	47.9 bp −$48	542.1 bp −$5,421	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	0.008468	+0.139%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008472	+0.190%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008482	+0.308%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008479	+0.270%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008490	+0.402%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008468	+0.143%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008471	+0.178%	$769K	$962K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008470	+0.166%	$157K	$81K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008486	+0.356%	$9.8M	$226K	50x	as long as short
KuCoin ZORAUSDTMshort	+0.0100%	4h	0.008484	+0.332%	$750K	$1.4M	30x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008491	+0.415%	$732K	$219K	25x	as long as short
Variational Omni ZORAlong	+0.0100%	4h	0.008456	long leg	$126K	$25K	—
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.413%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008493	+0.435%	$6K	$170K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0112%	1h	0.008482	+0.308%	$37K	$111K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008487	+0.367%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0312%	1h	0.008496	+0.474%	$1.6M	$322K	3x	as long as short