ZAMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0606%/8h= −66.4% APRnext payment −$3.03 per $10,000 · paid last 24h −0.080%

Price spread now: Gate against OKX+0.031%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1511.509% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days−0.122%−$12 · spread now +0.031%, 7d avg −0.041%

Together, before fees−0.249%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.072% dearer against OKX than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.041%): +$7 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.126% in total) that is about 4.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZAMA-USDT-SWAP	0.09600	0.0100	pay 0.0050% / 4h	2h 27m	$5.6M	$97.8M	20x
Short	Gate ZAMA_USDT	0.09603	−0.0506	pay 0.0253% / 4h	2h 27m	$946K	$7.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.031%Rate

Funding earned: −$127.26
Price spread: +0.031% → −0.041%: $7.2
Slippage, 4 orders: −$125.89
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$270.95
Costs to cover: 1.509%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	0.52 bp	23.1 bp −$23	112.7 bp −$1,127	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.66 bp	58.7 bp −$59	250.7 bp −$2,507	doesn't fit	doesn't fit

ZAMA on 12 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_USDTshort	−0.0506%	4h	0.09603	+0.031%	$946K	$7.1M	50x
Aster ZAMAUSDT	+0.0100%	4h	0.09595	−0.052%	$234K	$1.8M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09615	+0.155%	$19.0M	$133.9M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09609	+0.094%	$8.0M	$25.7M	25x	as long as short
OKX ZAMA-USDT-SWAPlong	+0.0100%	4h	0.09600	long leg	$5.6M	$97.8M	20x
MEXC ZAMA_USDT	+0.0100%	4h	0.09611	+0.115%	$2.9M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09595	−0.052%	$837K	$1.5M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09607	+0.073%	$5.0M	$14.5M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09618	+0.188%	—	$2.4M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09488	−1.172%	$1.0M	$476K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09580	−0.208%	—	$718K	20x	as long as short
edgeX ZAMAUSDC	+0.0103%	4h	0.09557	−0.450%	$5K	$446K	10x	as long as short