Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against OKX+0.513%7-day average +0.321% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 3 days (all we have)−0.230%−$23 · spread now +0.513%, 7d avg +0.321%

Together, before fees−0.216%+ Points / potential airdropVariational Omni: Active · farm board−$22 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: Variational Omni is 0.191% dearer against OKX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.321%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZAMA-USDT-SWAP	0.09558	0.0100	pay 0.0050% / 4h	3h 11m	$5.6M	$98.6M	20x
Short	Variational Omni ZAMA	0.09607	0.0100	get 0.0050% / 4h	3h 11m	$1.0M	$459K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.513%Rate

Funding earned: $0
Price spread: +0.513% → +0.321%: $19.13
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.13
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 2 min ago	2.09 bp	21.0 bp −$21	124.4 bp −$1,244	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.17 bp	doesn't fit	203.5 bp −$2,035	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	−0.0540%	4h	0.09543	−0.157%	$938K	$7.3M	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09563	+0.048%	$231K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09557	−0.010%	$19.1M	$135.4M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09562	+0.042%	$7.9M	$26.2M	25x	as long as short
OKX ZAMA-USDT-SWAPlong	+0.0100%	4h	0.09558	long leg	$5.6M	$98.6M	20x
MEXC ZAMA_USDT	+0.0100%	4h	0.09548	−0.105%	$2.9M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09550	−0.084%	$869K	$1.5M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09551	−0.073%	$5.0M	$14.6M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09558	0.000%	—	$2.4M	—	as long as short
Variational Omni ZAMAshort	+0.0100%	4h	0.09607	+0.513%	$1.0M	$459K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09556	−0.021%	—	$713K	20x	as long as short
edgeX ZAMAUSDC	+0.0102%	4h	0.09615	+0.599%	$5K	$448K	10x	as long as short
BloFin ZAMA-USDT	+0.0105%	4h	0.09540	−0.188%	$833K	$583K	50x	as long as short