Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin+0.043%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1441.441% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.043%, 7d avg −0.047%

Together, before fees−0.072%−$7 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: BingX is 0.090% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZAMAUSDTM	0.09273	0.0100	pay 0.0050% / 4h	9m 05s	$937K	$942K	50x
Short	BingX ZAMA-USDT	0.09277	0.0100	get 0.0050% / 4h	9m 05s	—	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → −0.047%: $8.99
Slippage, 4 orders: −$122.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$135.09
Costs to cover: 1.441%
Break-even: never at this rate

Slippage from KuCoin: live order book, 33 min ago; BingX: 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 KuCoin live order book, 33 min ago	5.38 bp	58.4 bp −$58	166.3 bp −$1,663	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.69 bp	17.6 bp −$18	56.4 bp −$564	164.1 bp −$16.4K	doesn't fit

ZAMA on 14 exchanges

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	+0.0100%	4h	0.09281	+0.082%	$306K	$1.5M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09285	+0.127%	$18.6M	$89.4M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09274	+0.011%	$8.5M	$17.7M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09270	−0.032%	$5.3M	$62.9M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09270	−0.032%	$1.0M	$4.8M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09272	−0.011%	$3.0M	$3.2M	50x	as long as short
KuCoin ZAMAUSDTMlong	+0.0100%	4h	0.09273	long leg	$937K	$942K	50x
Bitget ZAMAUSDT	+0.0100%	4h	0.09285	+0.129%	$4.8M	$7.7M	20x	as long as short
BingX ZAMA-USDTshort	+0.0100%	4h	0.09277	+0.043%	—	$2.1M	—
Variational Omni ZAMA	+0.0100%	4h	0.09243	−0.324%	$1.1M	$622K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09550	+2.987%	—	$720K	20x	as long as short
Phemex ZAMAUSDT	+0.0100%	4h	0.09271	−0.022%	$222K	$481K	20x	as long as short
edgeX ZAMAUSDC	+0.0111%	4h	0.09280	+0.074%	$6K	$450K	10x	as long as short
BloFin ZAMA-USDT	+0.0114%	4h	0.09245	−0.302%	$819K	$418K	50x	as long as short