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 −0.077%

Price spread now: Aster against Variational Omni+3.195%7-day average −0.251% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.312%−$31 on $10k

Price spread, last 4 days (all we have)−4.109%−$411 · spread now +3.195%, 7d avg −0.251%

Together, before fees−4.421%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$442 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: Aster is 3.446% dearer against Variational Omni than usual: you sell high and buy low, +$345 on $10k if it goes back to its 7-day average of −0.251%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09121	0.0100	pay 0.0050% / 4h	3h 46m	$1.1M	$583K	—
Short	Aster ZAMAUSDT	0.09413	0.0100	get 0.0050% / 4h	3h 46m	$311K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +3.195%Rate

Funding earned: $0
Price spread: +3.195% → −0.251%: $344.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $336.6
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Aster: live order book, 1 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 Variational Omni RFQ quote, 2 min ago	6.04 bp	doesn't fit	230.1 bp −$2,301	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	5.37 bp	64.5 bp −$65	doesn't fit	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	−0.0022%	4h	0.09402	+3.075%	$958K	$5.4M	50x	as long as short
BloFin ZAMA-USDT	+0.0066%	4h	0.09354	+2.549%	$838K	$484K	50x	as long as short
Aster ZAMAUSDTshort	+0.0100%	4h	0.09413	+3.195%	$311K	$1.8M	20x
Binance ZAMAUSDT	+0.0100%	4h	0.09435	+3.437%	$18.5M	$112.3M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09439	+3.481%	$8.3M	$22.5M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09430	+3.382%	$5.2M	$80.4M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09438	+3.470%	$2.9M	$4.0M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09401	+3.064%	$888K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09427	+3.349%	$4.9M	$11.0M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09403	+3.086%	—	$2.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMAlong	+0.0100%	4h	0.09121	long leg	$1.1M	$583K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09389	+2.933%	—	$743K	20x	as long as short
edgeX ZAMAUSDC	+0.0103%	4h	0.09158	+0.403%	$6K	$455K	10x	as long as short