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 +0.002%

Price spread now: OKX against MEXC0.000%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days+0.080%+$8 · spread now 0.000%, 7d avg +0.037%

Together, before fees+0.051%+$5 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: OKX is 0.037% 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 +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZAMA_USDT	0.09543	0.0100	pay 0.0050% / 4h	3h 27m	$2.7M	$4.4M	50x
Short	OKX ZAMA-USDT-SWAP	0.09543	0.0100	get 0.0050% / 4h	3h 27m	$5.5M	$91.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.037%: −$3.72
Slippage, 4 orders: −$35.32
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$57.04
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; OKX: 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, 5 min ago	1.03 bp	7.4 bp −$7	17.3 bp −$173	404.9 bp −$40.5K	doesn't fit
Sell OKX live order book, 2 min ago	0.52 bp	19.5 bp −$19	95.0 bp −$950	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	−0.0098%	4h	0.09549	+0.063%	$412K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09542	−0.010%	$18.9M	$126.3M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09545	+0.021%	$8.2M	$24.7M	25x	as long as short
OKX ZAMA-USDT-SWAPshort	+0.0100%	4h	0.09543	0.000%	$5.5M	$91.5M	20x
Gate ZAMA_USDT	+0.0100%	4h	0.09545	+0.021%	$958K	$6.1M	50x	as long as short
MEXC ZAMA_USDTlong	+0.0100%	4h	0.09543	long leg	$2.7M	$4.4M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09551	+0.084%	$862K	$1.3M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09553	+0.105%	$4.9M	$13.8M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09551	+0.084%	—	$2.4M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09670	+1.329%	$1.1M	$598K	—	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	0.09549	+0.063%	—	$732K	20x	as long as short
edgeX ZAMAUSDC	+0.0110%	4h	0.09630	+0.915%	$5K	$452K	10x	as long as short
BloFin ZAMA-USDT	+0.0118%	4h	0.09562	+0.199%	$833K	$521K	50x	as long as short