Funding arb · Price arb /

ZAMA

all ZAMA 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 0.000%

Price spread now: Variational Omni against BingX−0.213%7-day average +0.335% · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

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)+1.093%+$109 · spread now −0.213%, 7d avg +0.335%

Together, before fees+1.063%+ Points / potential airdropVariational Omni: Active · farm board+$106 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: Variational Omni is 0.548% cheaper against BingX than usual: you would sell low and buy high, −$55 on $10k if it goes back to its 7-day average of +0.335%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZAMA-USDT	0.1028	0.0100	pay 0.0050% / 4h	1h 16m	—	$2.4M	—
Short	Variational Omni ZAMA	0.1026	0.0100	get 0.0050% / 4h	1h 16m	$1.2M	$597K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now −0.213%Rate

Funding earned: $0
Price spread: −0.213% → +0.335%: −$54.83
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$64.83
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 min ago; Variational Omni: RFQ quote, 3 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 BingX live order book, 8 min ago	1.96 bp	15.3 bp −$15	54.5 bp −$545	172.0 bp −$17.2K	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	14.54 bp	doesn't fit	150.3 bp −$1,503	doesn't fit	doesn't fit

ZAMA on 13 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
Gate ZAMA_USDT	−0.0032%	4h	0.1029	+0.010%	$1.1M	$7.0M	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.1030	+0.164%	$334K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.1029	+0.023%	$20.7M	$132.7M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.1029	+0.088%	$8.8M	$25.6M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.1030	+0.117%	$6.1M	$103.3M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.1030	+0.136%	$3.1M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.1031	+0.194%	$908K	$1.4M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.1029	+0.019%	$5.4M	$14.4M	20x	as long as short
BingX ZAMA-USDTlong	+0.0100%	4h	0.1028	long leg	—	$2.4M	—
Variational Omni ZAMAshort	+0.0100%	4h	0.1026	−0.213%	$1.2M	$597K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.1029	+0.058%	—	$729K	20x	as long as short
BloFin ZAMA-USDT	+0.0113%	4h	0.1029	+0.058%	$899K	$632K	50x	as long as short
edgeX ZAMAUSDC	+0.0119%	4h	0.1031	+0.216%	$5K	$452K	10x	as long as short