Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h —

Price spread now: edgeX against Phemex+0.171%7-day average −0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1261.264% of the position

Long on Phemex Short on edgeX

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)−0.303%−$30 · spread now +0.171%, 7d avg −0.133%

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.303% dearer against Phemex than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.133%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ZAMAUSDT	0.09326	0.0100	pay 0.0050% / 4h	59m 02s	$152K	$340K	20x
Short	edgeX ZAMAUSDC	0.09342	0.0113	get 0.0056% / 4h	59m 02s	$6K	$454K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.171%Rate

Funding earned: $2.73
Price spread: +0.171% → −0.133%: $30.32
Slippage, 4 orders: −$105.39
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$93.34
Costs to cover: 1.264%
Break-even: 246.3 days

Slippage from Phemex: live order book, 17 min ago; edgeX: live order book, 48 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, 17 min ago	15.54 bp	55.5 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 48 min ago	5.97 bp	12.3 bp −$12	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	+0.0066%	4h	0.09330	+0.043%	$1.1M	$4.7M	50x	as long as short
BloFin ZAMA-USDT	+0.0074%	4h	0.09327	+0.011%	$835K	$443K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09330	+0.043%	$309K	$1.5M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09338	+0.129%	$18.8M	$91.9M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09335	+0.097%	$8.5M	$18.1M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09331	+0.054%	$5.3M	$65.5M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09326	0.000%	$3.1M	$3.1M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09321	−0.054%	$885K	$976K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09337	+0.118%	$4.8M	$8.4M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09333	+0.075%	—	$2.2M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09334	+0.086%	$1.2M	$636K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09662	+3.603%	—	$717K	20x	as long as short
Phemex ZAMAUSDTlong	+0.0100%	4h	0.09326	long leg	$152K	$340K	20x
edgeX ZAMAUSDCshort	+0.0113%	4h	0.09342	+0.171%	$6K	$454K	10x