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 −0.117%

Price spread now: Aster against MEXC+0.279%7-day average +0.042% · 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−$97as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.445%−$45 on $10k

Price spread, last 7 days−0.171%−$17 · spread now +0.279%, 7d avg +0.042%

Together, before fees−0.616%+ Points / potential airdropAster: Stage 5 · farm board−$62 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: Aster is 0.238% dearer against MEXC than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZAMA_USDT	0.1003	0.0100	pay 0.0050% / 4h	49m 19s	$2.9M	$4.4M	50x
Short	Aster ZAMAUSDT	0.1006	0.0100	get 0.0050% / 4h	49m 19s	$326K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.279%Rate

Funding earned: $0
Price spread: +0.279% → +0.042%: $23.75
Slippage, 4 orders: −$104.43
Fee MEXC: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$96.67
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Aster: live order book, 4 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 MEXC live order book, 3 min ago	0.99 bp	8.7 bp −$9	30.4 bp −$304	419.0 bp −$41.9K	doesn't fit
Sell Aster live order book, 4 min ago	5.43 bp	64.1 bp −$64	doesn't fit	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	+0.0060%	4h	0.1003	+0.020%	$1.0M	$6.7M	50x	as long as short
BloFin ZAMA-USDT	+0.0096%	4h	0.1012	+0.937%	$885K	$615K	50x	as long as short
Aster ZAMAUSDTshort	+0.0100%	4h	0.1006	+0.279%	$326K	$1.9M	20x
Binance ZAMAUSDT	+0.0100%	4h	0.1004	+0.089%	$20.2M	$133.4M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.1005	+0.199%	$8.7M	$25.7M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.1005	+0.199%	$5.9M	$100.8M	20x	as long as short
MEXC ZAMA_USDTlong	+0.0100%	4h	0.1003	long leg	$2.9M	$4.4M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.1004	+0.100%	$919K	$1.4M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.1005	+0.219%	$5.2M	$14.6M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.1004	+0.080%	—	$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 ZAMA	+0.0100%	4h	0.1012	+0.860%	$1.2M	$598K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.1004	+0.060%	—	$736K	20x	as long as short
edgeX ZAMAUSDC	+0.0119%	4h	0.1016	+1.342%	$5K	$452K	10x	as long as short