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 −0.120%

Price spread now: Aster against Bybit+0.036%7-day average −0.080% · 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−$168as in the Price arb table

costs, in and out, $10k−$1801.801% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.504%−$50 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.036%, 7d avg −0.080%

Together, before fees−0.552%+ Points / potential airdropAster: Stage 5 · farm board−$55 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: Aster is 0.117% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZAMAUSDT	0.1029	0.0100	pay 0.0050% / 4h	1h 16m	$8.8M	$25.6M	25x
Short	Aster ZAMAUSDT	0.1030	0.0100	get 0.0050% / 4h	1h 16m	$334K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.080%: $11.66
Slippage, 4 orders: −$161.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$168.4
Costs to cover: 1.801%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Aster: live order book, 2 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 Bybit live order book, 2 min ago	2.42 bp	34.2 bp −$34	99.8 bp −$998	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	4.36 bp	84.7 bp −$85	doesn't fit	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	+0.019%	$1.1M	$7.0M	50x	as long as short
Aster ZAMAUSDTshort	+0.0100%	4h	0.1030	+0.036%	$334K	$1.9M	20x
Binance ZAMAUSDT	+0.0100%	4h	0.1029	−0.058%	$20.7M	$132.7M	50x	as long as short
Bybit ZAMAUSDTlong	+0.0100%	4h	0.1029	long leg	$8.8M	$25.6M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.1028	−0.097%	$6.1M	$103.2M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.1029	−0.058%	$3.1M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.1028	−0.087%	$910K	$1.4M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.1031	+0.155%	$5.4M	$14.5M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.1030	+0.058%	—	$2.4M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.1026	−0.290%	$1.2M	$597K	—	as long as short

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	+0.010%	—	$729K	20x	as long as short
BloFin ZAMA-USDT	+0.0113%	4h	0.1029	−0.019%	$899K	$632K	50x	as long as short
edgeX ZAMAUSDC	+0.0119%	4h	0.1031	+0.138%	$5K	$452K	10x	as long as short