ZAMA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0764%/8h= +83.7% APRnext payment +$3.82 per $10,000 · paid last 24h +0.073%

Price spread now: Bybit against Gate+0.155%7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1811.806% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.155%, 7d avg +0.125%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Bybit is 0.030% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.125%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZAMA_USDT	0.09052	−0.0664	get 0.0332% / 4h	1h 50m	$866K	$7.3M	50x
Short	Bybit ZAMAUSDT	0.09066	0.0100	get 0.0050% / 4h	1h 50m	$7.6M	$26.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.155%Rate

Funding earned: $160.44
Price spread: +0.155% → +0.125%: $3.01
Slippage, 4 orders: −$154.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$17.14
Costs to cover: 1.806%
Break-even: 7.7 days

Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 3 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 Gate live order book, 3 min ago	4.44 bp	44.6 bp −$45	163.5 bp −$1,635	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.55 bp	44.0 bp −$44	108.7 bp −$1,087	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_USDTlong	−0.0664%	4h	0.09052	long leg	$866K	$7.3M	50x
Aster ZAMAUSDT	−0.0566%	4h	0.09061	+0.096%	$214K	$1.9M	20x	as long as short
MEXC ZAMA_USDT	+0.0054%	4h	0.09057	+0.055%	$2.6M	$4.6M	50x	as long as short
Binance ZAMAUSDT	+0.0057%	4h	0.09060	+0.088%	$17.6M	$138.6M	50x	as long as short
edgeX ZAMAUSDC	+0.0066%	4h	0.09012	−0.438%	$5K	$443K	10x	as long as short
BloFin ZAMA-USDT	+0.0073%	4h	0.09047	−0.055%	$772K	$562K	50x	as long as short
KuCoin ZAMAUSDTM	+0.0098%	4h	0.09052	0.000%	$811K	$1.7M	50x	as long as short
Bybit ZAMAUSDTshort	+0.0100%	4h	0.09066	+0.155%	$7.6M	$26.5M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09062	+0.110%	$5.2M	$94.8M	20x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09068	+0.177%	$4.7M	$14.8M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZAMA-USDT	+0.0100%	4h	0.09061	+0.099%	—	$2.5M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.08990	−0.688%	$934K	$441K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09062	+0.110%	—	$695K	20x	as long as short