Funding arb · Price arb /

ZORA

all ZORA markets

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: SunX against Variational Omni+2.318%7-day average +2.287% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

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)+0.125%+$12 · spread now +2.318%, 7d avg +2.287%

Together, before fees+0.155%+ Points / potential airdropVariational Omni: Active · farm board+$16 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: SunX is 0.031% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +2.287%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008425	0.0100	pay 0.0050% / 4h	2h 38m	$127K	$24K	—
Short	SunX ZORA-USDT	0.008620	0.0100	get 0.0050% / 4h	2h 38m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.318%Rate

Funding earned: $0
Price spread: +2.318% → +2.287%: $3.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.85
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 11 min ago; SunX: live order book, 6 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, 11 min ago	6.40 bp	doesn't fit	102.9 bp −$1,029	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	263.76 bp	doesn't fit	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	0.008441	+0.199%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008440	+0.182%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008433	+0.099%	$21K	$15K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008445	+0.237%	$26K	$16K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008446	+0.247%	$2.5M	$4.3M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008429	+0.051%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008439	+0.170%	$765K	$973K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008430	+0.063%	$161K	$83K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008441	+0.194%	$9.8M	$224K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008445	+0.241%	$744K	$1.5M	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	0.008449	+0.289%	$685K	$285K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008443	+0.217%	$34K	$106K	10x	as long as short
Variational Omni ZORAlong	+0.0100%	4h	0.008425	long leg	$127K	$24K	—
SunX ZORA-USDTshort	+0.0100%	4h	0.008620	+2.318%	$1K	$1.3M	20x
Extended ZORA-USD	+0.0104%	1h	0.008437	+0.149%	$7K	$196K	5x	as long as short
Hyperliquid ZORA	+0.0119%	1h	0.008456	+0.372%	$1.6M	$307K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008434	+0.110%	$1K	—	100x	as long as short