Funding arb · Price arb /

ZORA

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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: Binance against Variational Omni+0.183%7-day average +0.132% · 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 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.183%, 7d avg +0.132%

Together, before fees−0.162%+ 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: Binance is 0.051% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008464	0.0100	pay 0.0050% / 4h	3h 50m	$126K	$25K	—
Short	Binance ZORAUSDT	0.008479	0.0100	get 0.0050% / 4h	3h 50m	$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

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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 BinancebpOrdersPrice spread, now +0.183%Rate

Funding earned: $0
Price spread: +0.183% → +0.132%: $5.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$4.87
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Binance: live order book, 16 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, 3 min ago	5.32 bp	doesn't fit	101.1 bp −$1,011	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	1.18 bp	25.1 bp −$25	102.0 bp −$1,020	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	0.008487	+0.275%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008484	+0.242%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008478	+0.171%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008497	+0.398%	$26K	$12K	5x	as long as short
Binance ZORAUSDTshort	+0.0100%	4h	0.008479	+0.183%	$2.5M	$4.0M	50x
Bybit ZORAUSDT	+0.0100%	4h	0.008476	+0.147%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008472	+0.100%	$766K	$957K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008480	+0.195%	$157K	$78K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008478	+0.171%	$9.8M	$223K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008492	+0.337%	$751K	$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	0.008484	+0.242%	$730K	$224K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008475	+0.136%	$37K	$108K	10x	as long as short
Variational Omni ZORAlong	+0.0100%	4h	0.008464	long leg	$126K	$25K	—
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.322%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008474	+0.125%	$6K	$167K	5x	as long as short
Hyperliquid ZORA	+0.0184%	1h	0.008491	+0.325%	$1.6M	$311K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008473	+0.112%	$1K	—	100x	as long as short