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 —

Price spread now: Phemex against KuCoin+0.108%50s7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2112.106% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 6 hours (all we have)−0.033%−$3 · spread now +0.108%, 7d avg +0.075%

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.033% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.075%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZAMAUSDTM	0.09264	0.0100	pay 0.0050% / 4h	47m 21s	$896K	$973K	50x
Short	Phemex ZAMAUSDT	0.09274	0.0100	get 0.0050% / 4h	47m 21s	$171K	$377K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.075%: $3.31
Slippage, 4 orders: −$186.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$207.28
Costs to cover: 2.106%
Break-even: never at this rate

Slippage from KuCoin: live order book, 40 min ago; Phemex: live order book, 28 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, 40 min ago	7.70 bp	55.0 bp −$55	191.5 bp −$1,915	doesn't fit	doesn't fit
Sell Phemex live order book, 28 min ago	15.54 bp	46.5 bp −$47	doesn't fit	doesn't fit	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
Gate ZAMA_USDT	+0.0080%	4h	0.09253	−0.119%	$1.0M	$4.7M	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09260	−0.043%	$308K	$1.5M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09257	−0.076%	$18.6M	$91.2M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09259	−0.054%	$8.5M	$18.1M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09257	−0.076%	$5.3M	$64.4M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09256	−0.086%	$3.0M	$3.2M	50x	as long as short
KuCoin ZAMAUSDTMlong	+0.0100%	4h	0.09264	long leg	$896K	$973K	50x
Bitget ZAMAUSDT	+0.0100%	4h	0.09255	−0.097%	$4.8M	$8.1M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09257	−0.076%	—	$2.2M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09379	+1.242%	$1.2M	$627K	—	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	0.09628	+3.929%	—	$717K	20x	as long as short
Phemex ZAMAUSDTshort	+0.0100%	4h	0.09274	+0.108%	$171K	$377K	20x
BloFin ZAMA-USDT	+0.0103%	4h	0.09318	+0.583%	$828K	$431K	50x	as long as short
edgeX ZAMAUSDC	+0.0119%	4h	0.09314	+0.541%	$6K	$453K	10x	as long as short