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 Binance+0.031%7-day average +0.193% · 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−$127as in the Price arb table

costs, in and out, $10k−$1111.107% of the position

Long on Binance 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)+0.162%+$16 · spread now +0.031%, 7d avg +0.193%

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.162% cheaper against Binance than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.193%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZAMAUSDT	0.09051	0.0100	pay 0.0050% / 4h	1h 30m	$18.2M	$94.5M	50x
Short	Phemex ZAMAUSDT	0.09054	0.0100	get 0.0050% / 4h	1h 30m	$92K	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.193%: −$16.23
Slippage, 4 orders: −$88.66
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$126.89
Costs to cover: 1.107%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Phemex: live order book, 50 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 Binance live order book, 5 min ago	1.09 bp	17.6 bp −$18	63.4 bp −$634	doesn't fit	doesn't fit
Sell Phemex live order book, 50 min ago	2.67 bp	35.9 bp −$36	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	+0.0094%	4h	0.09047	−0.046%	$981K	$4.9M	50x	as long as short
BloFin ZAMA-USDT	+0.0096%	4h	0.09053	+0.020%	$810K	$434K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09043	−0.091%	$298K	$1.5M	20x	as long as short
Binance ZAMAUSDTlong	+0.0100%	4h	0.09051	long leg	$18.2M	$94.5M	50x
Bybit ZAMAUSDT	+0.0100%	4h	0.09049	−0.024%	$8.2M	$18.7M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09051	−0.002%	$5.1M	$65.5M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09051	−0.002%	$2.9M	$3.4M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09056	+0.053%	$878K	$1.0M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09049	−0.024%	$4.7M	$9.1M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09050	−0.013%	—	$2.2M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09067	+0.179%	$1.1M	$639K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09375	+3.578%	—	$718K	20x	as long as short
Phemex ZAMAUSDTshort	+0.0100%	4h	0.09054	+0.031%	$92K	$228K	20x
edgeX ZAMAUSDC	+0.0103%	4h	0.09105	+0.594%	$6K	$454K	10x	as long as short