Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: Phemex against Aster+0.133%7-day average +0.200% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1581.580% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 6 hours (all we have)+0.067%+$7 · spread now +0.133%, 7d avg +0.200%

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.067% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.200%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZAMAUSDT	0.09372	0.0100	pay 0.0050% / 4h	52m 28s	$312K	$1.5M	20x
Short	Phemex ZAMAUSDT	0.09384	0.0100	get 0.0050% / 4h	52m 28s	$165K	$362K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 AsterbpFee PhemexbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.200%: −$6.74
Slippage, 4 orders: −$137.97
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$164.71
Costs to cover: 1.580%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Phemex: live order book, 23 min ago.

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 Aster live order book, 4 min ago	4.82 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 23 min ago	15.54 bp	46.5 bp −$47	doesn't fit	doesn't fit	doesn't fit

ZAMA on 14 exchanges

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
Gate ZAMA_USDT	+0.0080%	4h	0.09370	−0.017%	$1.1M	$4.7M	50x	as long as short
Aster ZAMAUSDTlong	+0.0100%	4h	0.09372	long leg	$312K	$1.5M	20x
Binance ZAMAUSDT	+0.0100%	4h	0.09370	−0.017%	$18.8M	$91.3M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09369	−0.027%	$8.6M	$18.1M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09363	−0.091%	$5.4M	$65.3M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09369	−0.027%	$3.1M	$3.1M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09371	−0.006%	$905K	$974K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09371	−0.006%	$4.9M	$8.2M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09368	−0.038%	—	$2.2M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09342	−0.315%	$1.2M	$629K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09669	+3.174%	—	$716K	20x	as long as short
Phemex ZAMAUSDTshort	+0.0100%	4h	0.09384	+0.133%	$165K	$362K	20x
edgeX ZAMAUSDC	+0.0100%	4h	0.09342	−0.315%	$6K	$451K	10x	as long as short
BloFin ZAMA-USDT	+0.0150%	4h	0.09347	−0.262%	$832K	$443K	50x	as long as short