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 0.000%

Price spread now: Bitget against Variational Omni+0.229%7-day average −0.311% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.465%−$46 · spread now +0.229%, 7d avg −0.311%

Together, before fees−0.465%+ Points / potential airdropVariational Omni: Active · farm board−$46 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: Bitget is 0.540% dearer against Variational Omni than usual: you sell high and buy low, +$54 on $10k if it goes back to its 7-day average of −0.311%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09372	0.0100	pay 0.0050% / 4h	2h 54m	$981K	$469K	—
Short	Bitget ZAMAUSDT	0.09393	0.0100	get 0.0050% / 4h	2h 54m	$4.9M	$14.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.229%Rate

Funding earned: $0
Price spread: +0.229% → −0.311%: $53.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $41.99
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; Bitget: live order book, 4 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, 10 min ago	4.14 bp	doesn't fit	227.8 bp −$2,278	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	6.85 bp	22.3 bp −$22	58.8 bp −$588	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	−0.0622%	4h	0.09358	−0.145%	$918K	$7.0M	50x	as long as short
Aster ZAMAUSDT	+0.0041%	4h	0.09358	−0.140%	$226K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0085%	4h	0.09342	−0.315%	$829K	$586K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09356	−0.163%	$18.5M	$135.7M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09374	+0.026%	$7.7M	$26.2M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09372	+0.005%	$5.4M	$96.7M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09359	−0.134%	$2.7M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09366	−0.059%	$837K	$1.5M	50x	as long as short
Bitget ZAMAUSDTshort	+0.0100%	4h	0.09393	+0.229%	$4.9M	$14.6M	20x
BingX ZAMA-USDT	+0.0100%	4h	0.09361	−0.113%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMAlong	+0.0100%	4h	0.09372	long leg	$981K	$469K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09361	−0.113%	—	$718K	20x	as long as short
edgeX ZAMAUSDC	+0.0112%	4h	0.09453	+0.870%	$5K	$445K	10x	as long as short