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: MEXC against Phemex−0.209%7-day average −0.155% · 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−$98as in the Price arb table

costs, in and out, $10k−$920.923% of the position

Long on Phemex Short on MEXC

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)+0.054%+$5 · spread now −0.209%, 7d avg −0.155%

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: MEXC is 0.054% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.155%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ZAMAUSDT	0.09076	0.0100	pay 0.0050% / 4h	1h 25m	$101K	$245K	20x
Short	MEXC ZAMA_USDT	0.09057	0.0100	get 0.0050% / 4h	1h 25m	$2.9M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.209%Rate

Funding earned: $0
Price spread: −0.209% → −0.155%: −$5.42
Slippage, 4 orders: −$72.34
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$97.76
Costs to cover: 0.923%
Break-even: never at this rate

Slippage from Phemex: live order book, 55 min ago; MEXC: 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, 55 min ago	2.67 bp	39.1 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.10 bp	9.0 bp −$9	35.4 bp −$354	432.9 bp −$43.3K	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	+0.0090%	4h	0.09054	−0.242%	$980K	$4.9M	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09060	−0.176%	$299K	$1.5M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09059	−0.189%	$18.2M	$93.5M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09059	−0.187%	$8.2M	$18.6M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09056	−0.220%	$5.1M	$64.9M	20x	as long as short
MEXC ZAMA_USDTshort	+0.0100%	4h	0.09057	−0.209%	$2.9M	$3.4M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09061	−0.165%	$866K	$992K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09057	−0.209%	$4.7M	$8.9M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09056	−0.220%	—	$2.2M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09067	−0.095%	$1.1M	$639K	—	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	0.09401	+3.581%	—	$715K	20x	as long as short
Phemex ZAMAUSDTlong	+0.0100%	4h	0.09076	long leg	$101K	$245K	20x
edgeX ZAMAUSDC	+0.0104%	4h	0.09086	+0.110%	$6K	$450K	10x	as long as short
BloFin ZAMA-USDT	+0.0127%	4h	0.09098	+0.242%	$819K	$435K	50x	as long as short