Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Variational Omni+0.189%7-day average −0.298% · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−1.985%−$199 · spread now +0.189%, 7d avg −0.298%

Together, before fees−1.999%+ Points / potential airdropVariational Omni: Active · farm board−$200 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: OKX is 0.487% dearer against Variational Omni than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.298%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09401	0.0100	pay 0.0050% / 4h	3h 58m	$1.1M	$582K	—
Short	OKX ZAMA-USDT-SWAP	0.09419	0.0100	get 0.0050% / 4h	3h 58m	$5.4M	$79.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.189%Rate

Funding earned: $0
Price spread: +0.189% → −0.298%: $48.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $38.66
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; OKX: live order book, 5 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, 5 min ago	6.37 bp	doesn't fit	225.2 bp −$2,252	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.53 bp	19.9 bp −$20	103.4 bp −$1,034	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
BloFin ZAMA-USDT	+0.0082%	4h	0.09397	−0.045%	$814K	$485K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09404	+0.025%	$312K	$1.8M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09404	+0.024%	$18.5M	$111.2M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09418	+0.178%	$8.2M	$22.2M	25x	as long as short
OKX ZAMA-USDT-SWAPshort	+0.0100%	4h	0.09419	+0.189%	$5.4M	$79.4M	20x
Gate ZAMA_USDT	+0.0100%	4h	0.09395	−0.066%	$967K	$5.3M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09403	+0.019%	$2.8M	$3.9M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09399	−0.024%	$875K	$1.1M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09403	+0.019%	$4.9M	$10.9M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09406	+0.051%	—	$2.3M	—	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	0.09401	long leg	$1.1M	$582K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09395	−0.066%	—	$734K	20x	as long as short
edgeX ZAMAUSDC	+0.0118%	4h	0.09392	−0.094%	$6K	$456K	10x	as long as short