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: BingX against Phemex−0.367%51s7-day average −0.082% · 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−$1361.356% of the position

Long on Phemex Short on BingX

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)+0.285%+$28 · spread now −0.367%, 7d avg −0.082%

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.285% cheaper against Phemex than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.082%. The two prices were read 51 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	0.09276	0.0100	pay 0.0050% / 4h	11m 16s	$218K	$472K	20x
Short	BingX ZAMA-USDT	0.09242	0.0100	get 0.0050% / 4h	11m 16s	—	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Phemex. 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 PhemexbpFee BingXbpOrdersPrice spread, now −0.367%Rate

Funding earned: $0
Price spread: −0.367% → −0.082%: −$28.45
Slippage, 4 orders: −$113.58
Fee Phemex: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$164.03
Costs to cover: 1.356%
Break-even: never at this rate

Slippage from Phemex: live order book, 64 min ago; BingX: live order book, 10 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, 64 min ago	15.54 bp	55.5 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	1.09 bp	19.2 bp −$19	54.1 bp −$541	173.6 bp −$17.4K	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
BloFin ZAMA-USDT	+0.0089%	4h	0.09296	+0.216%	$828K	$421K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09244	−0.342%	$306K	$1.5M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09241	−0.377%	$18.5M	$89.4M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09238	−0.410%	$8.5M	$17.7M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09239	−0.399%	$5.3M	$62.7M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09239	−0.399%	$1.0M	$4.8M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09244	−0.345%	$3.0M	$3.2M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09249	−0.291%	$932K	$941K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09246	−0.323%	$4.8M	$7.7M	20x	as long as short
BingX ZAMA-USDTshort	+0.0100%	4h	0.09242	−0.367%	—	$2.1M	—

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09275	−0.012%	$1.1M	$623K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09510	+2.523%	—	$720K	20x	as long as short
Phemex ZAMAUSDTlong	+0.0100%	4h	0.09276	long leg	$218K	$472K	20x
edgeX ZAMAUSDC	+0.0111%	4h	0.09280	+0.041%	$6K	$450K	10x	as long as short