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 +0.002%

Price spread now: OKX against Binance−0.020%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.020%, 7d avg +0.030%

Together, before fees+0.049%+$5 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 0.049% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZAMAUSDT	0.1019	0.0100	pay 0.0050% / 4h	1h 28m	$20.5M	$132.5M	50x
Short	OKX ZAMA-USDT-SWAP	0.1019	0.0100	get 0.0050% / 4h	1h 28m	$6.0M	$102.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BinancebpFee OKXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.030%: −$4.93
Slippage, 4 orders: −$58.15
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$83.08
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; OKX: live order book, 6 min ago.

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 Binance live order book, 15 min ago	1.00 bp	20.4 bp −$20	67.7 bp −$677	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.49 bp	23.6 bp −$24	123.0 bp −$1,230	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	−0.0114%	4h	0.1019	+0.010%	$1.1M	$7.0M	50x	as long as short
BloFin ZAMA-USDT	+0.0047%	4h	0.1014	−0.491%	$882K	$621K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.1019	−0.024%	$330K	$1.9M	20x	as long as short
Binance ZAMAUSDTlong	+0.0100%	4h	0.1019	long leg	$20.5M	$132.5M	50x
Bybit ZAMAUSDT	+0.0100%	4h	0.1019	+0.049%	$8.7M	$25.4M	25x	as long as short
OKX ZAMA-USDT-SWAPshort	+0.0100%	4h	0.1019	−0.020%	$6.0M	$102.3M	20x
MEXC ZAMA_USDT	+0.0100%	4h	0.1019	+0.020%	$3.1M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.1019	+0.039%	$898K	$1.4M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.1020	+0.079%	$5.4M	$14.4M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.1019	+0.029%	—	$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 ZAMA	+0.0100%	4h	0.1018	−0.074%	$1.2M	$597K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.1021	+0.196%	—	$727K	20x	as long as short
edgeX ZAMAUSDC	+0.0120%	4h	0.1015	−0.414%	$5K	$451K	10x	as long as short