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 KuCoin+0.364%7-day average +0.256% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.364%, 7d avg +0.256%

Together, before fees−0.284%+ Points / potential airdropVariational Omni: Active · farm board−$28 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 0.108% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.256%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZAMAUSDTM	0.09544	0.0100	pay 0.0050% / 4h	3h 06m	$861K	$1.2M	50x
Short	Variational Omni ZAMA	0.09579	0.0100	get 0.0050% / 4h	3h 06m	$1.1M	$595K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.364%Rate

Funding earned: $0
Price spread: +0.364% → +0.256%: $10.76
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.24
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	5.77 bp	61.0 bp −$61	191.1 bp −$1,911	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	6.30 bp	doesn't fit	221.4 bp −$2,214	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
Aster ZAMAUSDT	−0.0069%	4h	0.09542	−0.022%	$407K	$1.8M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09552	+0.085%	$18.9M	$122.6M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09558	+0.147%	$8.3M	$24.0M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09560	+0.168%	$5.5M	$88.8M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09548	+0.042%	$978K	$6.2M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09552	+0.084%	$2.7M	$4.4M	50x	as long as short
KuCoin ZAMAUSDTMlong	+0.0100%	4h	0.09544	long leg	$861K	$1.2M	50x
Bitget ZAMAUSDT	+0.0100%	4h	0.09554	+0.105%	$4.9M	$13.2M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09557	+0.136%	—	$2.4M	—	as long as short
Variational Omni ZAMAshort	+0.0100%	4h	0.09579	+0.364%	$1.1M	$595K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09553	+0.094%	—	$727K	20x	as long as short
edgeX ZAMAUSDC	+0.0101%	4h	0.09526	−0.191%	$5K	$454K	10x	as long as short
BloFin ZAMA-USDT	+0.0129%	4h	0.09549	+0.052%	$833K	$493K	50x	as long as short