Funding arb · Price arb /

ZORA

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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: Bitget against Variational Omni−0.077%7-day average +0.140% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

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)+0.065%+$7 · spread now −0.077%, 7d avg +0.140%

Together, before fees+0.096%+ Points / potential airdropVariational Omni: Active · farm board+$10 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: Bitget is 0.217% cheaper against Variational Omni than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.140%.

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	46m 39s	$125K	$25K	—
Short	Bitget ZORAUSDT	0.008418	0.0100	get 0.0050% / 4h	46m 39s	$726K	$219K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → +0.140%: −$21.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$33.7
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 12 min ago; Bitget: live order book, 9 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, 12 min ago	6.52 bp	doesn't fit	101.3 bp −$1,013	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	4.72 bp	35.4 bp −$35	151.4 bp −$1,514	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	0.008427	+0.032%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008416	−0.101%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008410	−0.172%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008418	−0.082%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008420	−0.057%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008407	−0.208%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008416	−0.101%	$765K	$958K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008410	−0.172%	$152K	$77K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008417	−0.089%	$9.8M	$225K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008418	−0.077%	$745K	$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 ZORAUSDTshort	+0.0100%	4h	0.008418	−0.077%	$726K	$219K	25x
Variational Omni ZORAlong	+0.0100%	4h	0.008425	long leg	$125K	$25K	—
SunX ZORA-USDT	+0.0100%	4h	0.008610	+2.202%	$1K	$1.3M	20x	as long as short
Backpack ZORA_USDC_PERP	+0.0101%	1h	0.008418	−0.077%	$37K	$110K	10x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008424	−0.011%	$8K	$168K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008416	−0.101%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0511%	1h	0.008434	+0.112%	$1.6M	$328K	3x	as long as short