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: Bybit against SunX−0.056%7-day average +0.102% · you buy dearer than you sell

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.056%, 7d avg +0.102%

Together, before fees+0.154%+$15 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: Bybit is 0.157% cheaper against SunX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZAMA-USDT	0.08979	0.0100	pay 0.0050% / 4h	2h 00m	—	$694K	20x
Short	Bybit ZAMAUSDT	0.08974	0.0100	get 0.0050% / 4h	2h 00m	$7.5M	$26.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → +0.102%: −$15.73
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.73
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; Bybit: live order book, 3 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 SunX live order book, 11 min ago	500.75 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.56 bp	44.4 bp −$44	102.5 bp −$1,025	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	−0.0710%	4h	0.08961	−0.200%	$854K	$7.5M	50x	as long as short
Aster ZAMAUSDT	−0.0582%	4h	0.08978	−0.006%	$216K	$1.9M	20x	as long as short
MEXC ZAMA_USDT	+0.0036%	4h	0.08964	−0.167%	$2.5M	$4.7M	50x	as long as short
edgeX ZAMAUSDC	+0.0043%	4h	0.08975	−0.042%	$5K	$444K	10x	as long as short
Binance ZAMAUSDT	+0.0043%	4h	0.08963	−0.182%	$17.4M	$138.9M	50x	as long as short
BloFin ZAMA-USDT	+0.0066%	4h	0.08973	−0.067%	$774K	$558K	50x	as long as short
KuCoin ZAMAUSDTM	+0.0088%	4h	0.08981	+0.022%	$780K	$1.7M	50x	as long as short
Bybit ZAMAUSDTshort	+0.0100%	4h	0.08974	−0.056%	$7.5M	$26.4M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.08965	−0.156%	$5.1M	$93.8M	20x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.08970	−0.100%	$4.7M	$14.8M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZAMA-USDT	+0.0100%	4h	0.08967	−0.134%	—	$2.5M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.08992	+0.147%	$951K	$424K	—	as long as short
SunX ZAMA-USDTlong	+0.0100%	4h	0.08979	long leg	—	$694K	20x