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 0.000%

Price spread now: Bybit against OKX+0.021%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days+0.012%+$1 · spread now +0.021%, 7d avg +0.084%

Together, before fees+0.059%+$6 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: Bybit is 0.063% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZAMA-USDT-SWAP	0.09664	0.0100	pay 0.0050% / 4h	2h 20m	$5.5M	$88.5M	20x
Short	Bybit ZAMAUSDT	0.09666	0.0100	get 0.0050% / 4h	2h 20m	$8.3M	$23.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.084%: −$6.32
Slippage, 4 orders: −$79.06
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$106.38
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 3 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, 4 min ago	0.52 bp	22.3 bp −$22	109.5 bp −$1,095	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.52 bp	24.2 bp −$24	103.1 bp −$1,031	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
BloFin ZAMA-USDT	+0.0063%	4h	0.09625	−0.404%	$832K	$504K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09660	−0.044%	$340K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09666	+0.017%	$19.1M	$121.0M	50x	as long as short
Bybit ZAMAUSDTshort	+0.0100%	4h	0.09666	+0.021%	$8.3M	$23.5M	25x
OKX ZAMA-USDT-SWAPlong	+0.0100%	4h	0.09664	long leg	$5.5M	$88.5M	20x
Gate ZAMA_USDT	+0.0100%	4h	0.09655	−0.093%	$1.0M	$6.0M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09661	−0.031%	$2.9M	$4.2M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09657	−0.072%	$879K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09668	+0.041%	$5.0M	$12.6M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09666	+0.021%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09627	−0.380%	$1.1M	$599K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09661	−0.031%	—	$731K	20x	as long as short
edgeX ZAMAUSDC	+0.0110%	4h	0.09560	−1.071%	$5K	$455K	10x	as long as short