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: KuCoin against Variational Omni+0.073%7-day average −0.273% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.073%, 7d avg −0.273%

Together, before fees−0.153%+ Points / potential airdropVariational Omni: Active · farm board−$15 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: KuCoin is 0.346% dearer against Variational Omni than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.273%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09130	0.0100	pay 0.0050% / 4h	1h 29m	$947K	$445K	—
Short	KuCoin ZAMAUSDTM	0.09137	0.0100	get 0.0050% / 4h	1h 29m	$838K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → −0.273%: $34.61
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $22.61
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 30 min ago; KuCoin: live order book, 2 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, 30 min ago	4.46 bp	doesn't fit	235.5 bp −$2,355	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	10.41 bp	52.4 bp −$52	166.3 bp −$1,663	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	−0.0536%	4h	0.09128	−0.026%	$899K	$7.4M	50x	as long as short
Aster ZAMAUSDT	−0.0446%	4h	0.09125	−0.063%	$221K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0061%	4h	0.09134	+0.040%	$791K	$563K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09136	+0.062%	$18.0M	$138.7M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09142	+0.128%	$7.6M	$26.5M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09146	+0.171%	$5.2M	$95.7M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09131	+0.007%	$2.6M	$4.6M	50x	as long as short
KuCoin ZAMAUSDTMshort	+0.0100%	4h	0.09137	+0.073%	$838K	$1.6M	50x
Bitget ZAMAUSDT	+0.0100%	4h	0.09141	+0.117%	$4.8M	$14.8M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09139	+0.095%	—	$2.5M	—	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	0.09130	long leg	$947K	$445K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09141	+0.117%	—	$699K	20x	as long as short
edgeX ZAMAUSDC	+0.0120%	4h	0.09133	+0.031%	$5K	$444K	10x	as long as short