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: MEXC against Variational Omni+0.110%7-day average +0.133% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

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)−0.023%−$2 · spread now +0.110%, 7d avg +0.133%

Together, before fees+0.008%+ Points / potential airdropVariational Omni: Active · farm board+$1 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: MEXC is 0.022% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.133%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008428	0.0100	pay 0.0050% / 4h	3h 39m	$125K	$26K	—
Short	MEXC ZORA_USDT	0.008437	0.0100	get 0.0050% / 4h	3h 39m	$9.8M	$227K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → +0.133%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$6.23
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 35 min ago; MEXC: live order book, 4 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, 35 min ago	5.34 bp	doesn't fit	80.1 bp −$801	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.18 bp	17.3 bp −$17	78.6 bp −$786	268.1 bp −$26.8K	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	0.008432	+0.055%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008434	+0.075%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008424	−0.044%	$21K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008438	+0.122%	$26K	$26K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008435	+0.086%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008427	−0.008%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008432	+0.051%	$768K	$981K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008430	+0.027%	$155K	$71K	25x	as long as short
MEXC ZORA_USDTshort	+0.0100%	4h	0.008437	+0.110%	$9.8M	$227K	50x
KuCoin ZORAUSDTM	+0.0100%	4h	0.008435	+0.087%	$771K	$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	0.008437	+0.110%	$724K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008436	+0.099%	$34K	$113K	10x	as long as short
Variational Omni ZORAlong	+0.0100%	4h	0.008428	long leg	$125K	$26K	—
SunX ZORA-USDT	+0.0100%	4h	0.008630	+2.400%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008433	+0.066%	$9K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008433	+0.063%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0304%	1h	0.008448	+0.241%	$1.6M	$314K	3x	as long as short