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: Bybit against Phemex−0.160%7-day average −0.171% · 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−$172as in the Price arb table
costs, in and out, $10k−$1731.731% of the position
Funding, last 7 days—no history yet
+Price spread, last 6 hours (all we have)−0.011%−$1 · spread now −0.160%, 7d avg −0.171%
=Together, before fees—needs both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZAMAUSDT | 0.09384 | 0.0100 | pay 0.0050% / 4h | 52m 25s | $165K | $362K | 20x |
| Short | Bybit ZAMAUSDT | 0.09369 | 0.0100 | get 0.0050% / 4h | 52m 25s | $8.6M | $18.1M | 25x |
Phemex ZAMAUSDT
Bybit ZAMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.160% → −0.171%
- $1.14
- Slippage, 4 orders
- −$150.14
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$172
- Costs to cover
- 1.731%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 23 min ago; Bybit: live order book, 4 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, 23 min ago | 15.54 bp | 55.5 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.54 bp | 38.1 bp −$38 | 102.9 bp −$1,029 | 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 | +0.0080% | 4h | 0.09370 | −0.149% | $1.1M | $4.7M | 50x | as long as short |
| Aster ZAMAUSDT | +0.0100% | 4h | 0.09372 | −0.133% | $312K | $1.5M | 20x | as long as short |
| Binance ZAMAUSDT | +0.0100% | 4h | 0.09370 | −0.149% | $18.8M | $91.3M | 50x | as long as short |
| Bybit ZAMAUSDTshort | +0.0100% | 4h | 0.09369 | −0.160% | $8.6M | $18.1M | 25x | |
| OKX ZAMA-USDT-SWAP | +0.0100% | 4h | 0.09363 | −0.224% | $5.4M | $65.3M | 20x | as long as short |
| MEXC ZAMA_USDT | +0.0100% | 4h | 0.09369 | −0.160% | $3.1M | $3.1M | 50x | as long as short |
| KuCoin ZAMAUSDTM | +0.0100% | 4h | 0.09371 | −0.139% | $905K | $974K | 50x | as long as short |
| Bitget ZAMAUSDT | +0.0100% | 4h | 0.09371 | −0.139% | $4.9M | $8.2M | 20x | as long as short |
| BingX ZAMA-USDT | +0.0100% | 4h | 0.09368 | −0.171% | — | $2.2M | — | as long as short |
| Variational Omni ZAMA | +0.0100% | 4h | 0.09342 | −0.447% | $1.2M | $629K | — | as long as short |
Gate ZAMA_USDT
Aster ZAMAUSDT
Binance ZAMAUSDT
OKX ZAMA-USDT-SWAP
MEXC ZAMA_USDT
KuCoin ZAMAUSDTM
Bitget ZAMAUSDT
BingX ZAMA-USDT
Variational Omni ZAMAShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ZAMA-USDT | +0.0100% | 4h | 0.09669 | +3.037% | — | $716K | 20x | as long as short |
| Phemex ZAMAUSDTlong | +0.0100% | 4h | 0.09384 | long leg | $165K | $362K | 20x | |
| edgeX ZAMAUSDC | +0.0100% | 4h | 0.09342 | −0.447% | $6K | $451K | 10x | as long as short |
| BloFin ZAMA-USDT | +0.0150% | 4h | 0.09347 | −0.394% | $832K | $443K | 50x | as long as short |
SunX ZAMA-USDT
edgeX ZAMAUSDC
BloFin ZAMA-USDT