Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against Bybit−0.048%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$950.952% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.071%−$7 · spread now −0.048%, 7d avg −0.114%

Together, before fees−0.099%−$10 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: Binance is 0.066% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZAMAUSDT	0.09270	0.0100	pay 0.0050% / 4h	54m 24s	$7.7M	$26.4M	25x
Short	Binance ZAMAUSDT	0.09266	0.0100	get 0.0050% / 4h	54m 24s	$18.3M	$138.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.114%: $6.59
Slippage, 4 orders: −$74.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$88.58
Costs to cover: 0.952%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 4 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, 4 min ago	3.23 bp	34.0 bp −$34	89.8 bp −$898	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.54 bp	12.9 bp −$13	50.8 bp −$508	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	−0.0264%	4h	0.09266	−0.043%	$902K	$7.2M	50x	as long as short
Aster ZAMAUSDT	−0.0202%	4h	0.09274	+0.045%	$224K	$1.9M	20x	as long as short
Binance ZAMAUSDTshort	+0.0100%	4h	0.09266	−0.048%	$18.3M	$138.2M	50x
Bybit ZAMAUSDTlong	+0.0100%	4h	0.09270	long leg	$7.7M	$26.4M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09263	−0.076%	$5.3M	$96.9M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09267	−0.032%	$2.7M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09274	+0.043%	$800K	$1.6M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09273	+0.032%	$4.9M	$14.7M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09265	−0.054%	—	$2.5M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09302	+0.348%	$965K	$442K	—	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	0.09272	+0.022%	—	$701K	20x	as long as short
edgeX ZAMAUSDC	+0.0103%	4h	0.09297	+0.292%	$5K	$442K	10x	as long as short
BloFin ZAMA-USDT	+0.0126%	4h	0.09275	+0.054%	$801K	$569K	50x	as long as short