Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit+0.322%7-day average +0.191% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.328%−$33 · spread now +0.322%, 7d avg +0.191%

Together, before fees−0.360%+ Points / potential airdropVariational Omni: Active · farm board−$36 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 0.131% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.191%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZAMAUSDT	0.09548	0.0100	pay 0.0050% / 4h	3h 10m	$8.3M	$24.1M	25x
Short	Variational Omni ZAMA	0.09579	0.0100	get 0.0050% / 4h	3h 10m	$1.1M	$595K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.322%Rate

Funding earned: $0
Price spread: +0.322% → +0.191%: $13.06
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.06
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 Bybit live order book, 3 min ago	0.52 bp	42.9 bp −$43	123.6 bp −$1,236	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	7.88 bp	doesn't fit	228.4 bp −$2,284	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
Aster ZAMAUSDT	−0.0068%	4h	0.09555	+0.069%	$413K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0051%	4h	0.09569	+0.220%	$838K	$500K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09549	+0.014%	$18.9M	$123.3M	50x	as long as short
Bybit ZAMAUSDTlong	+0.0100%	4h	0.09548	long leg	$8.3M	$24.1M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09544	−0.042%	$5.5M	$89.1M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09565	+0.178%	$978K	$6.2M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09549	+0.010%	$2.7M	$4.4M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09552	+0.042%	$862K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09554	+0.063%	$4.9M	$13.3M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09565	+0.178%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMAshort	+0.0100%	4h	0.09579	+0.322%	$1.1M	$595K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09573	+0.262%	—	$728K	20x	as long as short
edgeX ZAMAUSDC	+0.0108%	4h	0.09553	+0.052%	$5K	$453K	10x	as long as short