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: OKX against Phemex−0.481%7-day average −0.209% · 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−$168as in the Price arb table

costs, in and out, $10k−$1401.404% of the position

Long on Phemex Short on OKX

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)+0.272%+$27 · spread now −0.481%, 7d avg −0.209%

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: OKX is 0.272% cheaper against Phemex than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.209%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ZAMAUSDT	0.09362	0.0100	pay 0.0050% / 4h	49m 22s	$168K	$371K	20x
Short	OKX ZAMA-USDT-SWAP	0.09317	0.0100	get 0.0050% / 4h	49m 22s	$5.3M	$64.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.481%Rate

Funding earned: $0
Price spread: −0.481% → −0.209%: −$27.19
Slippage, 4 orders: −$118.44
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$167.63
Costs to cover: 1.404%
Break-even: never at this rate

Slippage from Phemex: live order book, 26 min ago; OKX: live order book, 2 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, 26 min ago	15.54 bp	55.5 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.53 bp	16.9 bp −$17	123.0 bp −$1,230	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	+0.0090%	4h	0.09306	−0.598%	$1.0M	$4.7M	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09330	−0.341%	$310K	$1.5M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09324	−0.406%	$18.7M	$91.2M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09322	−0.427%	$8.5M	$18.1M	25x	as long as short
OKX ZAMA-USDT-SWAPshort	+0.0100%	4h	0.09317	−0.481%	$5.3M	$64.9M	20x
MEXC ZAMA_USDT	+0.0100%	4h	0.09311	−0.545%	$3.1M	$3.2M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09316	−0.491%	$897K	$974K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09318	−0.470%	$4.8M	$8.2M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09306	−0.598%	—	$2.2M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09379	+0.182%	$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	0.09678	+3.375%	—	$717K	20x	as long as short
Phemex ZAMAUSDTlong	+0.0100%	4h	0.09362	long leg	$168K	$371K	20x
edgeX ZAMAUSDC	+0.0102%	4h	0.09355	−0.069%	$6K	$452K	10x	as long as short
BloFin ZAMA-USDT	+0.0139%	4h	0.09362	0.000%	$832K	$434K	50x	as long as short