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 +0.077%

Price spread now: Variational Omni against Aster+0.614%7-day average +0.246% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.312%+$31 on $10k

Price spread, last 4 days (all we have)−0.381%−$38 · spread now +0.614%, 7d avg +0.246%

Together, before fees−0.070%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$7 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: Variational Omni is 0.368% dearer against Aster than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.246%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZAMAUSDT	0.09322	0.0100	pay 0.0050% / 4h	48m 29s	$310K	$1.5M	20x
Short	Variational Omni ZAMA	0.09379	0.0100	get 0.0050% / 4h	48m 29s	$1.2M	$627K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now +0.614%Rate

Funding earned: $0
Price spread: +0.614% → +0.246%: $36.78
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $28.78
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 3 min ago; Variational Omni: RFQ quote, 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 Aster live order book, 3 min ago	3.73 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.27 bp	doesn't fit	226.3 bp −$2,263	doesn't fit	doesn't fit

ZAMA on 14 exchanges

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	+0.0094%	4h	0.09324	+0.023%	$1.0M	$4.7M	50x	as long as short
Aster ZAMAUSDTlong	+0.0100%	4h	0.09322	long leg	$310K	$1.5M	20x
Binance ZAMAUSDT	+0.0100%	4h	0.09320	−0.020%	$18.7M	$91.1M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09314	−0.084%	$8.5M	$18.1M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09308	−0.148%	$5.3M	$64.8M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09330	+0.088%	$3.1M	$3.2M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09326	+0.045%	$901K	$974K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09319	−0.030%	$4.8M	$8.1M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09321	−0.009%	—	$2.2M	—	as long as short
Variational Omni ZAMAshort	+0.0100%	4h	0.09379	+0.614%	$1.2M	$627K	—

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09600	+2.984%	—	$717K	20x	as long as short
Phemex ZAMAUSDT	+0.0100%	4h	0.09318	−0.041%	$170K	$374K	20x	as long as short
edgeX ZAMAUSDC	+0.0102%	4h	0.09355	+0.361%	$6K	$452K	10x	as long as short
BloFin ZAMA-USDT	+0.0103%	4h	0.09318	−0.041%	$828K	$431K	50x	as long as short