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: KuCoin against Variational Omni−0.145%7-day average +0.151% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.145%, 7d avg +0.151%

Together, before fees+0.011%+ Points / potential airdropVariational Omni: Active · farm board+$1 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: KuCoin is 0.295% cheaper against Variational Omni than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.151%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008536	0.0100	pay 0.0050% / 4h	36m 26s	$127K	$25K	—
Short	KuCoin ZORAUSDTM	0.008524	0.0100	get 0.0050% / 4h	36m 26s	$752K	$1.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → +0.151%: −$29.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$41.5
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; KuCoin: 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, 2 min ago	6.46 bp	doesn't fit	105.1 bp −$1,051	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	7.02 bp	31.1 bp −$31	516.6 bp −$5,166	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	0.008530	−0.071%	$294	$19	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008526	−0.121%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008515	−0.250%	$23K	$22K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008528	−0.097%	$26K	$15K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008527	−0.105%	$2.5M	$4.5M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008516	−0.238%	$2.4M	$1.8M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008527	−0.109%	$770K	$1.0M	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008520	−0.191%	$156K	$89K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008524	−0.145%	$9.9M	$227K	50x	as long as short
KuCoin ZORAUSDTMshort	+0.0100%	4h	0.008524	−0.145%	$752K	$1.6M	30x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008528	−0.098%	$701K	$312K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008524	−0.145%	$35K	$110K	10x	as long as short
Variational Omni ZORAlong	+0.0100%	4h	0.008536	long leg	$127K	$25K	—
SunX ZORA-USDT	+0.0100%	4h	0.008720	+2.152%	$2K	$1.4M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008531	−0.064%	$6K	$202K	5x	as long as short
Hyperliquid ZORA	+0.0227%	1h	0.008543	+0.078%	$1.6M	$318K	3x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008529	−0.086%	$1K	—	100x	as long as short