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: MEXC against Variational Omni+0.190%7-day average +0.135% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

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)−0.194%−$19 · spread now +0.190%, 7d avg +0.135%

Together, before fees−0.163%+ 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: MEXC is 0.055% 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 +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZORA	0.008473	0.0100	pay 0.0050% / 4h	18m 06s	$126K	$25K	—
Short	MEXC ZORA_USDT	0.008489	0.0100	get 0.0050% / 4h	18m 06s	$9.9M	$226K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.190%Rate

Funding earned: $0
Price spread: +0.190% → +0.135%: $5.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $1.5
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 41 min ago; MEXC: 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 Variational Omni RFQ quote, 41 min ago	6.52 bp	doesn't fit	101.3 bp −$1,013	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.77 bp	12.7 bp −$13	65.2 bp −$652	231.9 bp −$23.2K	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	0.008486	+0.156%	$312	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008484	+0.131%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008477	+0.048%	$22K	$14K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008489	+0.188%	$26K	$12K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008489	+0.189%	$2.5M	$4.1M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008473	+0.001%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008480	+0.083%	$767K	$964K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008480	+0.083%	$157K	$81K	25x	as long as short
MEXC ZORA_USDTshort	+0.0100%	4h	0.008489	+0.190%	$9.9M	$226K	50x
KuCoin ZORAUSDTM	+0.0100%	4h	0.008484	+0.131%	$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	0.008489	+0.190%	$732K	$219K	25x	as long as short
Variational Omni ZORAlong	+0.0100%	4h	0.008473	long leg	$126K	$25K	—
SunX ZORA-USDT	+0.0100%	4h	0.008660	+2.208%	$1K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008480	+0.083%	$6K	$170K	5x	as long as short
Backpack ZORA_USDC_PERP	+0.0153%	1h	0.008489	+0.190%	$37K	$111K	10x	as long as short
GMX ZORA/USD [ETH-USDC]	L +0.0231% / S −0.0433%	1h	0.008479	+0.072%	$1K	—	100x	as long as short
Hyperliquid ZORA	+0.0244%	1h	0.008506	+0.390%	$1.6M	$315K	3x	as long as short