Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against MEXC−0.524%7-day average +0.346% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.789%+$79 · spread now −0.524%, 7d avg +0.346%

Together, before fees+0.809%+ Points / potential airdropVariational Omni: Active · farm board+$81 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 0.870% cheaper against MEXC than usual: you would sell low and buy high, −$87 on $10k if it goes back to its 7-day average of +0.346%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZAMA_USDT	0.09489	0.0100	pay 0.0050% / 4h	43m 24s	$2.8M	$4.6M	50x
Short	Variational Omni ZAMA	0.09439	0.0100	get 0.0050% / 4h	43m 24s	$980K	$443K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.524%Rate

Funding earned: $0
Price spread: −0.524% → +0.346%: −$86.96
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$94.96
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; Variational Omni: RFQ quote, 11 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 MEXC live order book, 4 min ago	1.06 bp	8.6 bp −$9	33.6 bp −$336	424.9 bp −$42.5K	doesn't fit
Sell Variational Omni RFQ quote, 11 min ago	4.32 bp	doesn't fit	224.5 bp −$2,245	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_USDT	−0.0214%	4h	0.09486	−0.032%	$933K	$7.3M	50x	as long as short
Aster ZAMAUSDT	−0.0091%	4h	0.09495	+0.063%	$230K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0052%	4h	0.09429	−0.632%	$801K	$579K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09490	+0.010%	$18.9M	$138.4M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09489	0.000%	$7.8M	$26.5M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09491	+0.021%	$5.6M	$99.7M	20x	as long as short
MEXC ZAMA_USDTlong	+0.0100%	4h	0.09489	long leg	$2.8M	$4.6M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09500	+0.116%	$817K	$1.6M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09491	+0.021%	$5.0M	$14.8M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09490	+0.011%	—	$2.5M	—	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	0.09439	−0.524%	$980K	$443K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09497	+0.084%	—	$704K	20x	as long as short
edgeX ZAMAUSDC	+0.0102%	4h	0.09431	−0.613%	$5K	$446K	10x	as long as short