Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.071%

Price spread now: Gate against MEXC−0.031%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1241.238% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 7 days−0.042%−$4 · spread now −0.031%, 7d avg −0.003%

Together, before fees−0.219%−$22 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: Gate is 0.029% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZAMA_USDT	0.09568	0.0100	pay 0.0050% / 4h	1h 36m	$2.9M	$4.2M	50x
Short	Gate ZAMA_USDT	0.09565	0.0100	get 0.0050% / 4h	1h 36m	$974K	$5.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.003%: −$2.88
Slippage, 4 orders: −$100.75
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126.63
Costs to cover: 1.238%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Gate: 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 MEXC live order book, 1 min ago	2.09 bp	9.9 bp −$10	31.8 bp −$318	428.3 bp −$42.8K	doesn't fit
Sell Gate live order book, 2 min ago	6.76 bp	50.7 bp −$51	205.8 bp −$2,058	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
Aster ZAMAUSDT	+0.0100%	4h	0.09576	+0.085%	$320K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09572	+0.042%	$19.0M	$116.3M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09572	+0.042%	$8.3M	$22.9M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09574	+0.063%	$5.5M	$84.6M	20x	as long as short
Gate ZAMA_USDTshort	+0.0100%	4h	0.09565	−0.031%	$974K	$5.6M	50x
MEXC ZAMA_USDTlong	+0.0100%	4h	0.09568	long leg	$2.9M	$4.2M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09570	+0.021%	$869K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09568	0.000%	$4.9M	$11.7M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09573	+0.052%	—	$2.4M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09552	−0.169%	$1.1M	$576K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09616	+0.502%	—	$728K	20x	as long as short
edgeX ZAMAUSDC	+0.0120%	4h	0.09625	+0.592%	$6K	$455K	10x	as long as short
BloFin ZAMA-USDT	+0.0135%	4h	0.09606	+0.397%	$849K	$514K	50x	as long as short