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 +0.002%

Price spread now: BingX against MEXC−0.010%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.010%, 7d avg +0.025%

Together, before fees+0.111%+$11 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 0.036% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZAMA_USDT	0.09668	0.0100	pay 0.0050% / 4h	3h 09m	$3.0M	$4.6M	50x
Short	BingX ZAMA-USDT	0.09667	0.0100	get 0.0050% / 4h	3h 09m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.025%: −$3.57
Slippage, 4 orders: −$40.21
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$61.78
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 10 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	2.10 bp	10.0 bp −$10	21.9 bp −$219	273.4 bp −$27.3K	doesn't fit
Sell BingX live order book, 10 min ago	3.13 bp	15.8 bp −$16	39.5 bp −$395	215.6 bp −$21.6K	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	−0.0560%	4h	0.09661	−0.072%	$950K	$7.3M	50x	as long as short
BloFin ZAMA-USDT	+0.0088%	4h	0.09680	+0.124%	$848K	$593K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09676	+0.080%	$234K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09675	+0.072%	$19.3M	$135.4M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09672	+0.041%	$8.0M	$26.2M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09655	−0.134%	$5.6M	$99.6M	20x	as long as short
MEXC ZAMA_USDTlong	+0.0100%	4h	0.09668	long leg	$3.0M	$4.6M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09675	+0.072%	$881K	$1.5M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09673	+0.052%	$5.1M	$14.6M	20x	as long as short
BingX ZAMA-USDTshort	+0.0100%	4h	0.09667	−0.010%	—	$2.4M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09594	−0.766%	$1.0M	$466K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09687	+0.197%	—	$714K	20x	as long as short
edgeX ZAMAUSDC	+0.0110%	4h	0.09573	−0.982%	$5K	$445K	10x	as long as short