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 0.000%

Price spread now: BingX against Variational Omni−0.440%7-day average −0.313% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.440%−$44 · spread now −0.440%, 7d avg −0.313%

Together, before fees−0.410%+ Points / potential airdropVariational Omni: Active · farm board−$41 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: BingX is 0.127% cheaper against Variational Omni than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.313%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09426	0.0100	pay 0.0050% / 4h	3h 32m	$1.1M	$587K	—
Short	BingX ZAMA-USDT	0.09385	0.0100	get 0.0050% / 4h	3h 32m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.440%Rate

Funding earned: $0
Price spread: −0.440% → −0.313%: −$12.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; BingX: live order book, 15 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, 1 min ago	4.22 bp	doesn't fit	234.1 bp −$2,341	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	2.68 bp	16.0 bp −$16	66.1 bp −$661	226.8 bp −$22.7K	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	−0.0292%	4h	0.09372	−0.578%	$955K	$5.6M	50x	as long as short
BloFin ZAMA-USDT	+0.0069%	4h	0.09409	−0.185%	$819K	$483K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09382	−0.469%	$310K	$1.8M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09388	−0.408%	$18.8M	$111.5M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09390	−0.387%	$8.3M	$22.4M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09385	−0.440%	$5.2M	$79.5M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09380	−0.493%	$2.9M	$4.0M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09409	−0.185%	$870K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09385	−0.440%	$4.9M	$10.9M	20x	as long as short
BingX ZAMA-USDTshort	+0.0100%	4h	0.09385	−0.440%	—	$2.3M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMAlong	+0.0100%	4h	0.09426	long leg	$1.1M	$587K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09435	+0.091%	—	$748K	20x	as long as short
edgeX ZAMAUSDC	+0.0103%	4h	0.09474	+0.506%	$6K	$455K	10x	as long as short