Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against Variational Omni−0.107%7-day average −0.315% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.854%−$85 · spread now −0.107%, 7d avg −0.315%

Together, before fees−0.875%+ Points / potential airdropVariational Omni: Active · farm board−$88 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.209% dearer against Variational Omni than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.315%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.1030	0.0100	pay 0.0050% / 4h	1h 15m	$1.2M	$597K	—
Short	Binance ZAMAUSDT	0.1029	0.0100	get 0.0050% / 4h	1h 15m	$20.7M	$132.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.315%: $20.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $10.89
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Binance: live order book, 13 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 Variational Omni RFQ quote, 4 min ago	14.54 bp	doesn't fit	198.7 bp −$1,987	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.49 bp	16.5 bp −$17	50.2 bp −$502	doesn't fit	doesn't fit

ZAMA on 13 venues

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	−0.0024%	4h	0.1029	−0.141%	$1.1M	$7.0M	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.1029	−0.121%	$334K	$1.9M	20x	as long as short
Binance ZAMAUSDTshort	+0.0100%	4h	0.1029	−0.107%	$20.7M	$132.7M	50x
Bybit ZAMAUSDT	+0.0100%	4h	0.1028	−0.150%	$8.8M	$25.6M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.1028	−0.199%	$6.1M	$103.1M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.1029	−0.063%	$3.1M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.1030	−0.044%	$907K	$1.4M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.1029	−0.102%	$5.4M	$14.5M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.1028	−0.209%	—	$2.4M	—	as long as short
Variational Omni ZAMAlong	+0.0100%	4h	0.1030	long leg	$1.2M	$597K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.1028	−0.150%	—	$730K	20x	as long as short
BloFin ZAMA-USDT	+0.0113%	4h	0.1029	−0.092%	$899K	$632K	50x	as long as short
edgeX ZAMAUSDC	+0.0116%	4h	0.1030	+0.002%	$5K	$452K	10x	as long as short