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 0.000%

Price spread now: Variational Omni against Bitget−0.045%7-day average +0.285% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+1.858%+$186 · spread now −0.045%, 7d avg +0.285%

Together, before fees+1.858%+ Points / potential airdropVariational Omni: Active · farm board+$186 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 0.330% cheaper against Bitget than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.285%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZAMAUSDT	0.09427	0.0100	pay 0.0050% / 4h	22m 22s	$4.9M	$11.0M	20x
Short	Variational Omni ZAMA	0.09423	0.0100	get 0.0050% / 4h	22m 22s	$1.1M	$580K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.285%: −$33.01
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$45.01
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 min ago; Variational Omni: RFQ quote, 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 Bitget live order book, 1 min ago	3.19 bp	34.4 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.24 bp	doesn't fit	171.7 bp −$1,717	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	+0.0073%	4h	0.09420	−0.074%	$817K	$488K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09422	−0.055%	$311K	$1.8M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09428	+0.008%	$18.5M	$112.1M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09427	0.000%	$8.2M	$22.2M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09430	+0.032%	$5.4M	$80.1M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09421	−0.064%	$970K	$5.6M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09426	−0.011%	$2.8M	$4.0M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09421	−0.064%	$871K	$1.1M	50x	as long as short
Bitget ZAMAUSDTlong	+0.0100%	4h	0.09427	long leg	$4.9M	$11.0M	20x
BingX ZAMA-USDT	+0.0100%	4h	0.09433	+0.064%	—	$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 ZAMAshort	+0.0100%	4h	0.09423	−0.045%	$1.1M	$580K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09421	−0.064%	—	$731K	20x	as long as short
edgeX ZAMAUSDC	+0.0107%	4h	0.09423	−0.044%	$6K	$454K	10x	as long as short