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: Gate against Variational Omni−0.271%7-day average +0.060% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

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)+0.189%+$19 · spread now −0.271%, 7d avg +0.060%

Together, before fees+0.219%+ Points / potential airdropVariational Omni: Active · farm board+$22 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: Gate is 0.331% cheaper against Variational Omni than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008423	0.0100	pay 0.0050% / 4h	1h 37m	$125K	$25K	—
Short	Gate ZORA_USDT	0.008400	0.0100	get 0.0050% / 4h	1h 37m	$153K	$78K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.271%Rate

Funding earned: $0
Price spread: −0.271% → +0.060%: −$33.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.12
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 26 min ago; Gate: live order book, 18 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, 26 min ago	4.74 bp	doesn't fit	97.1 bp −$971	doesn't fit	doesn't fit
Sell Gate live order book, 18 min ago	11.85 bp	75.3 bp −$75	doesn't fit	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	0.008415	−0.089%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008419	−0.046%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008410	−0.153%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008418	−0.057%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008433	+0.123%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008432	+0.109%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008434	+0.132%	$765K	$961K	10x	as long as short
Gate ZORA_USDTshort	+0.0100%	4h	0.008400	−0.271%	$153K	$78K	25x
MEXC ZORA_USDT	+0.0100%	4h	0.008417	−0.070%	$9.8M	$225K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008419	−0.046%	$750K	$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	0.008442	+0.227%	$721K	$215K	25x	as long as short
Variational Omni ZORAlong	+0.0100%	4h	0.008423	long leg	$125K	$25K	—
SunX ZORA-USDT	+0.0100%	4h	0.008610	+2.222%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008421	−0.023%	$8K	$165K	5x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0230% / S −0.0433%	1h	0.008417	−0.070%	$1K	—	100x	as long as short
Backpack ZORA_USDC_PERP	+0.0231%	1h	0.008417	−0.070%	$36K	$110K	10x	as long as short
Hyperliquid ZORA	+0.0371%	1h	0.008464	+0.488%	$1.6M	$318K	3x	as long as short