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: Aster against Phemex−0.045%52s7-day average −0.138% · 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—prices read too far apart to compare

costs, in and out, $10k−$1921.919% of the position

Long on Phemex Short on Aster

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)−0.093%−$9 · spread now −0.045%, 7d avg −0.138%

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.093% dearer against Phemex than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.138%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ZAMAUSDT	0.09318	0.0100	pay 0.0050% / 4h	48m 20s	$170K	$374K	20x
Short	Aster ZAMAUSDT	0.09314	0.0100	get 0.0050% / 4h	48m 20s	$310K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.138%: $9.31
Slippage, 4 orders: −$171.89
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$182.58
Costs to cover: 1.919%
Break-even: never at this rate

Slippage from Phemex: live order book, 27 min ago; Aster: 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 Phemex live order book, 27 min ago	15.54 bp	55.5 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	3.73 bp	73.0 bp −$73	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	0.09314	−0.043%	$1.0M	$4.7M	50x	as long as short
Aster ZAMAUSDTshort	+0.0100%	4h	0.09314	−0.045%	$310K	$1.5M	20x
Binance ZAMAUSDT	+0.0100%	4h	0.09313	−0.054%	$18.7M	$91.1M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09313	−0.054%	$8.5M	$18.1M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09310	−0.086%	$5.3M	$64.8M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09312	−0.064%	$3.1M	$3.2M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09316	−0.021%	$901K	$974K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09312	−0.064%	$4.8M	$8.1M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09311	−0.075%	—	$2.2M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09379	+0.655%	$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	+3.327%	—	$717K	20x	as long as short
Phemex ZAMAUSDTlong	+0.0100%	4h	0.09318	long leg	$170K	$374K	20x
edgeX ZAMAUSDC	+0.0102%	4h	0.09355	+0.402%	$6K	$452K	10x	as long as short
BloFin ZAMA-USDT	+0.0103%	4h	0.09318	0.000%	$828K	$431K	50x	as long as short