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: Variational Omni against Phemex+0.108%7-day average −0.102% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Variational Omni

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)−0.210%−$21 · spread now +0.108%, 7d avg −0.102%

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.210% dearer against Phemex than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ZAMAUSDT	0.09381	0.0100	pay 0.0050% / 4h	1h 08m	$138K	$311K	20x
Short	Variational Omni ZAMA	0.09391	0.0100	get 0.0050% / 4h	1h 08m	$1.2M	$636K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → −0.102%: $21
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Phemex: live order book, 7 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 7 min ago	15.54 bp	55.5 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	6.39 bp	doesn't fit	205.6 bp −$2,056	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	+0.0092%	4h	0.09369	−0.128%	$1.0M	$4.9M	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09371	−0.101%	$310K	$1.5M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09378	−0.027%	$18.9M	$92.9M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09371	−0.107%	$8.5M	$18.3M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09379	−0.021%	$5.3M	$66.5M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09375	−0.064%	$3.1M	$3.4M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09380	−0.011%	$894K	$982K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09376	−0.053%	$4.9M	$8.8M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09373	−0.085%	—	$2.2M	—	as long as short
Variational Omni ZAMAshort	+0.0100%	4h	0.09391	+0.108%	$1.2M	$636K	—

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09738	+3.806%	—	$719K	20x	as long as short
Phemex ZAMAUSDTlong	+0.0100%	4h	0.09381	long leg	$138K	$311K	20x
edgeX ZAMAUSDC	+0.0101%	4h	0.09385	+0.039%	$6K	$450K	10x	as long as short
BloFin ZAMA-USDT	+0.0111%	4h	0.09416	+0.373%	$821K	$448K	50x	as long as short