Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: OKX against MEXC+0.077%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.077%, 7d avg +0.033%

Together, before fees−0.029%−$3 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 0.044% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZAMA_USDT	0.09088	0.0100	pay 0.0050% / 4h	1h 27m	$2.9M	$3.4M	50x
Short	OKX ZAMA-USDT-SWAP	0.09095	0.0100	get 0.0050% / 4h	1h 27m	$5.2M	$65.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → +0.033%: $4.35
Slippage, 4 orders: −$36.23
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$49.88
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; OKX: live order book, 5 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 MEXC live order book, 3 min ago	1.10 bp	8.3 bp −$8	24.5 bp −$245	413.3 bp −$41.3K	doesn't fit
Sell OKX live order book, 5 min ago	0.55 bp	21.2 bp −$21	65.9 bp −$659	doesn't fit	doesn't fit

ZAMA on 14 exchanges

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	+0.0100%	4h	0.09090	+0.022%	$300K	$1.5M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09094	+0.066%	$18.3M	$93.6M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09094	+0.066%	$8.2M	$18.6M	25x	as long as short
OKX ZAMA-USDT-SWAPshort	+0.0100%	4h	0.09095	+0.077%	$5.2M	$65.3M	20x
Gate ZAMA_USDT	+0.0100%	4h	0.09091	+0.033%	$985K	$4.9M	50x	as long as short
MEXC ZAMA_USDTlong	+0.0100%	4h	0.09088	long leg	$2.9M	$3.4M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09087	−0.011%	$881K	$994K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09091	+0.033%	$4.7M	$8.9M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09091	+0.033%	—	$2.2M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09067	−0.227%	$1.1M	$639K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09427	+3.730%	—	$715K	20x	as long as short
Phemex ZAMAUSDT	+0.0100%	4h	0.09094	+0.066%	$99K	$242K	20x	as long as short
edgeX ZAMAUSDC	+0.0104%	4h	0.09086	−0.022%	$6K	$450K	10x	as long as short
BloFin ZAMA-USDT	+0.0127%	4h	0.09098	+0.110%	$819K	$435K	50x	as long as short