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 Bybit0.000%7-day average −0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$1051.046% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.113%−$11 · spread now 0.000%, 7d avg −0.121%

Together, before fees−0.132%−$13 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 0.121% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZAMAUSDT	0.09531	0.0100	pay 0.0050% / 4h	3h 16m	$8.2M	$24.2M	25x
Short	MEXC ZAMA_USDT	0.09531	0.0100	get 0.0050% / 4h	3h 16m	$2.7M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.121%: $12.07
Slippage, 4 orders: −$85.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$92.56
Costs to cover: 1.046%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 1 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 Bybit live order book, 3 min ago	0.52 bp	44.4 bp −$44	115.6 bp −$1,156	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.04 bp	8.2 bp −$8	29.6 bp −$296	330.0 bp −$33.0K	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	−0.0090%	4h	0.09538	+0.073%	$412K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0087%	4h	0.09587	+0.588%	$842K	$499K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09531	0.000%	$18.9M	$124.1M	50x	as long as short
Bybit ZAMAUSDTlong	+0.0100%	4h	0.09531	long leg	$8.2M	$24.2M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09532	+0.010%	$5.5M	$89.6M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09532	+0.010%	$965K	$6.2M	50x	as long as short
MEXC ZAMA_USDTshort	+0.0100%	4h	0.09531	0.000%	$2.7M	$4.4M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09531	0.000%	$861K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09532	+0.010%	$4.9M	$13.7M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09533	+0.021%	—	$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	0.09530	−0.012%	$1.1M	$595K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09573	+0.441%	—	$729K	20x	as long as short
edgeX ZAMAUSDC	+0.0101%	4h	0.09557	+0.269%	$5K	$454K	10x	as long as short