ZAMA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0772%/8h= +84.5% APRnext payment +$3.86 per $10,000 · paid last 24h +0.080%

Price spread now: Bybit against Gate+0.405%7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$2022.019% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 7 days−0.282%−$28 · spread now +0.405%, 7d avg +0.124%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Bybit is 0.281% dearer against Gate than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.124%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZAMA_USDT	0.09377	−0.0672	get 0.0336% / 4h	2h 47m	$920K	$7.1M	50x
Short	Bybit ZAMAUSDT	0.09415	0.0100	get 0.0050% / 4h	2h 47m	$7.7M	$26.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.405%Rate

Funding earned: $162.12
Price spread: +0.405% → +0.124%: $28.11
Slippage, 4 orders: −$175.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$11.67
Costs to cover: 2.019%
Break-even: 7.5 days

Slippage from Gate: live order book, 1 min ago; Bybit: 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 Gate live order book, 1 min ago	3.73 bp	55.3 bp −$55	207.0 bp −$2,070	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.53 bp	46.5 bp −$47	131.6 bp −$1,316	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_USDTlong	−0.0672%	4h	0.09377	long leg	$920K	$7.1M	50x
Aster ZAMAUSDT	+0.0046%	4h	0.09381	+0.041%	$227K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09403	+0.277%	$18.5M	$135.7M	50x	as long as short
Bybit ZAMAUSDTshort	+0.0100%	4h	0.09415	+0.405%	$7.7M	$26.2M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09417	+0.427%	$5.5M	$97.1M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09407	+0.320%	$2.7M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09389	+0.128%	$837K	$1.5M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09392	+0.160%	$4.9M	$14.6M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09386	+0.096%	—	$2.4M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09416	+0.416%	$991K	$475K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09377	0.000%	—	$720K	20x	as long as short
edgeX ZAMAUSDC	+0.0115%	4h	0.09402	+0.264%	$5K	$448K	10x	as long as short
BloFin ZAMA-USDT	+0.0116%	4h	0.09399	+0.235%	$827K	$590K	50x	as long as short