Settings8H · net · $10k
Funding arb · Price arb /

ZORA

all ZORA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: Variational Omni against Hyperliquid−0.954%7-day average −0.242% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.041%−$4 on $10k
Price spread, last 3 days (all we have)+0.807%+$81 · spread now −0.954%, 7d avg −0.242%
Together, before fees+0.765%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$77 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: Variational Omni is 0.711% cheaper against Hyperliquid than usual: you would sell low and buy high, −$71 on $10k if it goes back to its 7-day average of −0.242%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZORA0.0085780.0100pay 0.0013% / 1h12m 14s$1.6M$315K3x
ShortVariational Omni ZORA0.0084960.0100get 0.0050% / 4h3h 12m$126K$26K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Hyperliquid. 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

Funding earned
$0
Price spread: −0.954% → −0.242%
−$71.13
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$80.13
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Variational Omni: RFQ quote, 62 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 8 min ago3.52 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 62 min ago5.34 bpdoesn't fit69.4 bp −$694doesn't fitdoesn't fit

ZORA on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZORA-USD0.0000%1h0.008556−0.251%$315$55xas long as short
BingX ZORA-USDT+0.0070%4h0.008557−0.245%$6.6Mas long as short
Lighter ZORA+0.0096%1h0.008548−0.350%$22K$11K3xas long as short
Hyperliquid ZORAlong+0.0100%1h0.008578long leg$1.6M$315K3x
Aster ZORAUSDT+0.0100%4h0.008562−0.188%$26K$26K5xas long as short
Binance ZORAUSDT+0.0100%4h0.008561−0.193%$2.5M$4.0M50xas long as short
Bybit ZORAUSDT+0.0100%4h0.008550−0.326%$2.4M$1.7M25xas long as short
OKX ZORA-USDT-SWAP+0.0100%4h0.008553−0.291%$780K$1.0M10xas long as short
Gate ZORA_USDT+0.0100%4h0.008550−0.326%$156K$77K25xas long as short
MEXC ZORA_USDT+0.0100%4h0.008564−0.163%$10.0M$229K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZORAUSDTM+0.0100%4h0.008558−0.233%$789K$1.3M30xas long as short
Bitget ZORAUSDT+0.0100%4h0.008562−0.187%$734K$215K25xas long as short
Backpack ZORA_USDC_PERP+0.0100%1h0.008565−0.152%$33K$116K10xas long as short
Variational Omni ZORAshort+0.0100%4h0.008496−0.954%$126K$26K
SunX ZORA-USDT+0.0100%4h0.008750+2.005%$2K$1.3M20xas long as short
Extended ZORA-USD+0.0104%1h0.008558−0.232%$6K$167K5xas long as short
GMX ZORA/USD [ETH-USDC]L +0.0231% / S −0.0433%1h0.008557−0.245%$1K100xas long as short