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 0.000%

Price spread now: Bitget against OKX+0.053%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$880.885% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.053%, 7d avg −0.007%

Together, before fees−0.019%−$2 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: Bitget is 0.060% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZAMA-USDT-SWAP	0.09441	0.0100	pay 0.0050% / 4h	18m 23s	$5.5M	$98.6M	20x
Short	Bitget ZAMAUSDT	0.09446	0.0100	get 0.0050% / 4h	18m 23s	$4.9M	$14.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.007%: $6.01
Slippage, 4 orders: −$66.47
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$82.46
Costs to cover: 0.885%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Bitget: 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 OKX live order book, 6 min ago	0.53 bp	18.3 bp −$18	95.0 bp −$950	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.70 bp	22.5 bp −$22	60.7 bp −$607	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	−0.0184%	4h	0.09441	0.000%	$951K	$7.4M	50x	as long as short
Aster ZAMAUSDT	+0.0003%	4h	0.09439	−0.024%	$221K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09441	+0.005%	$18.8M	$137.2M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09448	+0.074%	$7.8M	$26.3M	25x	as long as short
OKX ZAMA-USDT-SWAPlong	+0.0100%	4h	0.09441	long leg	$5.5M	$98.6M	20x
MEXC ZAMA_USDT	+0.0100%	4h	0.09444	+0.032%	$2.8M	$4.6M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09444	+0.032%	$815K	$1.6M	50x	as long as short
Bitget ZAMAUSDTshort	+0.0100%	4h	0.09446	+0.053%	$4.9M	$14.7M	20x
BingX ZAMA-USDT	+0.0100%	4h	0.09443	+0.021%	—	$2.5M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09466	+0.267%	$982K	$445K	—	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	0.09434	−0.074%	—	$706K	20x	as long as short
edgeX ZAMAUSDC	+0.0113%	4h	0.09453	+0.127%	$5K	$444K	10x	as long as short
BloFin ZAMA-USDT	+0.0127%	4h	0.09441	0.000%	$821K	$587K	50x	as long as short