Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against Variational Omni−0.655%7-day average −0.331% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.326%+$33 · spread now −0.655%, 7d avg −0.331%

Together, before fees+0.307%+ Points / potential airdropVariational Omni: Active · farm board+$31 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: MEXC is 0.323% cheaper against Variational Omni than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.331%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09744	0.0100	pay 0.0050% / 4h	3h 56m	$1.1M	$598K	—
Short	MEXC ZAMA_USDT	0.09680	0.0100	get 0.0050% / 4h	3h 56m	$2.7M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.655%Rate

Funding earned: $0
Price spread: −0.655% → −0.331%: −$32.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$40.33
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; MEXC: 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, 2 min ago	8.73 bp	doesn't fit	245.9 bp −$2,459	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.52 bp	8.5 bp −$8	24.6 bp −$246	418.0 bp −$41.8K	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
Aster ZAMAUSDT	−0.0087%	4h	0.09691	−0.541%	$417K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09671	−0.747%	$19.2M	$129.7M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09682	−0.634%	$8.3M	$25.2M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09675	−0.706%	$5.6M	$95.0M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09684	−0.614%	$984K	$6.1M	50x	as long as short
MEXC ZAMA_USDTshort	+0.0100%	4h	0.09680	−0.655%	$2.7M	$4.3M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09684	−0.614%	$856K	$1.3M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09678	−0.675%	$5.0M	$14.3M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09672	−0.737%	—	$2.4M	—	as long as short
Variational Omni ZAMAlong	+0.0100%	4h	0.09744	long leg	$1.1M	$598K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09670	−0.757%	—	$738K	20x	as long as short
edgeX ZAMAUSDC	+0.0100%	4h	0.09722	−0.221%	$5K	$452K	10x	as long as short
BloFin ZAMA-USDT	+0.0120%	4h	0.09673	−0.727%	$847K	$541K	50x	as long as short