Funding arb · Price arb /

ZORA

all ZORA markets

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: Binance against Variational Omni+0.185%7-day average +0.129% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

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 4 days (all we have)−0.257%−$26 · spread now +0.185%, 7d avg +0.129%

Together, before fees−0.227%+ Points / potential airdropVariational Omni: Active · farm board−$23 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: Binance is 0.056% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008466	0.0100	pay 0.0050% / 4h	1h 11m	$126K	$25K	—
Short	Binance ZORAUSDT	0.008482	0.0100	get 0.0050% / 4h	1h 11m	$2.5M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BinancebpOrdersPrice spread, now +0.185%Rate

Funding earned: $0
Price spread: +0.185% → +0.129%: $5.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$4.44
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 52 min ago; Binance: live order book, 10 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, 52 min ago	4.74 bp	doesn't fit	97.1 bp −$971	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	1.17 bp	22.4 bp −$22	96.5 bp −$965	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	+0.022%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008472	+0.067%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008464	−0.028%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008474	+0.092%	$26K	$12K	5x	as long as short
Binance ZORAUSDTshort	+0.0100%	4h	0.008482	+0.185%	$2.5M	$4.0M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008466	−0.004%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008470	+0.043%	$767K	$963K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008470	+0.043%	$155K	$78K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008480	+0.161%	$9.8M	$228K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008475	+0.102%	$753K	$1.4M	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	0.008492	+0.303%	$726K	$215K	25x	as long as short
Variational Omni ZORAlong	+0.0100%	4h	0.008466	long leg	$126K	$25K	—
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.287%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008479	+0.145%	$6K	$169K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008477	+0.126%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0240%	1h	0.008493	+0.315%	$1.6M	$328K	3x	as long as short
Backpack ZORA_USDC_PERP	+0.0406%	1h	0.008477	+0.126%	$36K	$110K	10x	as long as short