Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX−0.077%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$980.985% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.077%, 7d avg −0.008%

Together, before fees+0.090%+$9 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: Bitget is 0.069% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZAMA-USDT-SWAP	0.09053	0.0100	pay 0.0050% / 4h	2h 33m	$5.1M	$94.7M	20x
Short	Bitget ZAMAUSDT	0.09046	0.0100	get 0.0050% / 4h	2h 33m	$4.7M	$14.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.008%: −$6.9
Slippage, 4 orders: −$76.45
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$105.35
Costs to cover: 0.985%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 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 OKX live order book, 5 min ago	2.22 bp	26.4 bp −$26	126.6 bp −$1,266	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.98 bp	26.4 bp −$26	74.0 bp −$740	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	−0.1006%	4h	0.09040	−0.144%	$862K	$7.4M	50x	as long as short
Aster ZAMAUSDT	−0.0692%	4h	0.09057	+0.048%	$220K	$1.9M	20x	as long as short
MEXC ZAMA_USDT	−0.0032%	4h	0.09046	−0.077%	$2.5M	$4.7M	50x	as long as short
Binance ZAMAUSDT	−0.0032%	4h	0.09040	−0.144%	$17.5M	$139.6M	50x	as long as short
edgeX ZAMAUSDC	−0.0029%	4h	0.09005	−0.535%	$5K	$442K	10x	as long as short
BloFin ZAMA-USDT	−0.0007%	4h	0.09049	−0.044%	$778K	$566K	50x	as long as short
KuCoin ZAMAUSDTM	+0.0068%	4h	0.09038	−0.166%	$785K	$1.7M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09053	0.000%	$7.6M	$26.5M	25x	as long as short
OKX ZAMA-USDT-SWAPlong	+0.0100%	4h	0.09053	long leg	$5.1M	$94.7M	20x
Bitget ZAMAUSDTshort	+0.0100%	4h	0.09046	−0.077%	$4.7M	$14.8M	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZAMA-USDT	+0.0100%	4h	0.09045	−0.088%	—	$2.5M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09039	−0.153%	$957K	$424K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09062	+0.099%	—	$689K	20x	as long as short