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 0.000%

Price spread now: OKX against Bybit−0.022%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1061.059% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days−0.043%−$4 · spread now −0.022%, 7d avg −0.083%

Together, before fees−0.106%−$11 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: OKX is 0.062% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZAMAUSDT	0.09140	0.0100	pay 0.0050% / 4h	1h 29m	$7.6M	$26.5M	25x
Short	OKX ZAMA-USDT-SWAP	0.09138	0.0100	get 0.0050% / 4h	1h 29m	$5.2M	$95.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.083%: $6.16
Slippage, 4 orders: −$84.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$99.71
Costs to cover: 1.059%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	0.55 bp	34.3 bp −$34	106.8 bp −$1,068	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.55 bp	20.8 bp −$21	107.9 bp −$1,079	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	−0.0536%	4h	0.09133	−0.077%	$899K	$7.4M	50x	as long as short
Aster ZAMAUSDT	−0.0446%	4h	0.09128	−0.128%	$221K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0061%	4h	0.09134	−0.066%	$791K	$563K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09136	−0.041%	$17.9M	$138.7M	50x	as long as short
Bybit ZAMAUSDTlong	+0.0100%	4h	0.09140	long leg	$7.6M	$26.5M	25x
OKX ZAMA-USDT-SWAPshort	+0.0100%	4h	0.09138	−0.022%	$5.2M	$95.7M	20x
MEXC ZAMA_USDT	+0.0100%	4h	0.09134	−0.066%	$2.6M	$4.6M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09143	+0.033%	$839K	$1.6M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09141	+0.011%	$4.8M	$14.8M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09139	−0.011%	—	$2.5M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09130	−0.105%	$947K	$445K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09141	+0.011%	—	$699K	20x	as long as short
edgeX ZAMAUSDC	+0.0120%	4h	0.09133	−0.074%	$5K	$444K	10x	as long as short