Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: Phemex against MEXC−0.075%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1161.165% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 6 hours (all we have)+0.143%+$14 · spread now −0.075%, 7d avg +0.068%

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.143% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZAMA_USDT	0.09281	0.0100	pay 0.0050% / 4h	48m 02s	$3.1M	$3.2M	50x
Short	Phemex ZAMAUSDT	0.09274	0.0100	get 0.0050% / 4h	48m 02s	$171K	$377K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against MEXC. 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 MEXCbpFee PhemexbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → +0.068%: −$14.32
Slippage, 4 orders: −$96.45
Fee MEXC: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$130.77
Costs to cover: 1.165%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Phemex: live order book, 28 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, 2 min ago	0.54 bp	6.1 bp −$6	17.5 bp −$175	409.4 bp −$40.9K	doesn't fit
Sell Phemex live order book, 28 min ago	15.54 bp	46.5 bp −$47	doesn't fit	doesn't fit	doesn't fit

ZAMA on 14 exchanges

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	+0.0094%	4h	0.09270	−0.119%	$1.0M	$4.7M	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09282	+0.013%	$309K	$1.5M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09283	+0.026%	$18.6M	$91.2M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09286	+0.054%	$8.5M	$18.1M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09276	−0.054%	$5.3M	$64.6M	20x	as long as short
MEXC ZAMA_USDTlong	+0.0100%	4h	0.09281	long leg	$3.1M	$3.2M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09278	−0.032%	$897K	$974K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09289	+0.086%	$4.8M	$8.1M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09277	−0.043%	—	$2.2M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09379	+1.056%	$1.2M	$627K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09628	+3.739%	—	$717K	20x	as long as short
Phemex ZAMAUSDTshort	+0.0100%	4h	0.09274	−0.075%	$171K	$377K	20x
edgeX ZAMAUSDC	+0.0102%	4h	0.09355	+0.803%	$6K	$452K	10x	as long as short
BloFin ZAMA-USDT	+0.0103%	4h	0.09318	+0.399%	$828K	$431K	50x	as long as short