Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin−0.490%7-day average +0.264% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.721%+$72 · spread now −0.490%, 7d avg +0.264%

Together, before fees+0.724%+ Points / potential airdropVariational Omni: Active · farm board+$72 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 0.754% cheaper against KuCoin than usual: you would sell low and buy high, −$75 on $10k if it goes back to its 7-day average of +0.264%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZAMAUSDTM	0.09587	0.0100	pay 0.0050% / 4h	3h 37m	$867K	$1.5M	50x
Short	Variational Omni ZAMA	0.09540	0.0100	get 0.0050% / 4h	3h 37m	$994K	$457K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.490%Rate

Funding earned: $0
Price spread: −0.490% → +0.264%: −$75.39
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$87.39
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 9 min ago; Variational Omni: RFQ quote, 12 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 KuCoin live order book, 9 min ago	4.76 bp	55.1 bp −$55	174.7 bp −$1,747	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 12 min ago	4.23 bp	doesn't fit	220.1 bp −$2,201	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	−0.0610%	4h	0.09586	−0.010%	$948K	$7.2M	50x	as long as short
Aster ZAMAUSDT	+0.0077%	4h	0.09584	−0.033%	$232K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09585	−0.020%	$19.1M	$135.5M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09595	+0.083%	$7.9M	$26.2M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09590	+0.031%	$5.6M	$99.2M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09588	+0.010%	$3.0M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTMlong	+0.0100%	4h	0.09587	long leg	$867K	$1.5M	50x
Bitget ZAMAUSDT	+0.0100%	4h	0.09593	+0.063%	$5.0M	$14.6M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09595	+0.083%	—	$2.4M	—	as long as short
Variational Omni ZAMAshort	+0.0100%	4h	0.09540	−0.490%	$994K	$457K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09597	+0.104%	—	$712K	20x	as long as short
edgeX ZAMAUSDC	+0.0115%	4h	0.09526	−0.632%	$5K	$445K	10x	as long as short
BloFin ZAMA-USDT	+0.0144%	4h	0.09582	−0.052%	$829K	$583K	50x	as long as short