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 0.000%

Price spread now: Bybit against SunX−2.226%7-day average −2.276% · you buy dearer than you sell

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.224%−$22 · spread now −2.226%, 7d avg −2.276%

Together, before fees−0.260%−$26 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: Bybit is 0.050% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −2.276%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZORA-USDT	0.008760	0.0100	pay 0.0050% / 4h	2h 52m	$1K	$1.3M	20x
Short	Bybit ZORAUSDT	0.008565	0.0100	get 0.0050% / 4h	2h 52m	$2.3M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −2.226%Rate

Funding earned: $0
Price spread: −2.226% → −2.276%: $4.95
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14.05
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; Bybit: 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 SunX live order book, 2 min ago	240.55 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.13 bp	33.5 bp −$34	101.1 bp −$1,011	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	0.008537	−2.549%	$314	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008619	−1.610%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008560	−2.283%	$22K	$14K	3x	as long as short
Hyperliquid ZORA	+0.0100%	1h	0.008583	−2.021%	$1.6M	$305K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008570	−2.171%	$26K	$15K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008578	−2.078%	$2.6M	$4.1M	50x	as long as short
Bybit ZORAUSDTshort	+0.0100%	4h	0.008565	−2.226%	$2.3M	$1.7M	25x
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008570	−2.169%	$776K	$962K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008550	−2.397%	$163K	$80K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008549	−2.409%	$9.9M	$221K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008566	−2.215%	$758K	$1.5M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008596	−1.872%	$692K	$271K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008481	−3.185%	$127K	$24K	—	as long as short
SunX ZORA-USDTlong	+0.0100%	4h	0.008760	long leg	$1K	$1.3M	20x
Extended ZORA-USD	+0.0104%	1h	0.008572	−2.144%	$7K	$200K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008556	−2.329%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0347%	1h	0.008615	−1.655%	$37K	$103K	10x	as long as short