Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Variational Omni−0.062%7-day average −0.347% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now −0.062%, 7d avg −0.347%

Together, before fees−0.076%+ Points / potential airdropVariational Omni: Active · farm board−$8 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: BingX is 0.285% dearer against Variational Omni than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.347%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09464	0.0100	pay 0.0050% / 4h	28m 58s	$981K	$445K	—
Short	BingX ZAMA-USDT	0.09458	0.0100	get 0.0050% / 4h	28m 58s	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.347%: $28.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $18.46
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 25 min ago; BingX: live order book, 6 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, 25 min ago	4.32 bp	doesn't fit	233.1 bp −$2,331	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.12 bp	12.1 bp −$12	51.9 bp −$519	197.1 bp −$19.7K	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	−0.0210%	4h	0.09451	−0.136%	$937K	$7.3M	50x	as long as short
Aster ZAMAUSDT	−0.0028%	4h	0.09451	−0.134%	$223K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09455	−0.092%	$18.8M	$137.9M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09457	−0.073%	$7.8M	$26.4M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09455	−0.094%	$5.5M	$99.1M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09457	−0.073%	$2.8M	$4.6M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09460	−0.041%	$814K	$1.6M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09458	−0.062%	$4.9M	$14.7M	20x	as long as short
BingX ZAMA-USDTshort	+0.0100%	4h	0.09458	−0.062%	—	$2.5M	—
Variational Omni ZAMAlong	+0.0100%	4h	0.09464	long leg	$981K	$445K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09461	−0.031%	—	$706K	20x	as long as short
edgeX ZAMAUSDC	+0.0112%	4h	0.09442	−0.233%	$5K	$445K	10x	as long as short
BloFin ZAMA-USDT	+0.0114%	4h	0.09447	−0.179%	$825K	$588K	50x	as long as short