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: Bitget against Variational Omni−0.212%7-day average −0.281% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.677%−$68 · spread now −0.212%, 7d avg −0.281%

Together, before fees−0.677%+ Points / potential airdropVariational Omni: Active · farm board−$68 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 0.068% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.281%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09401	0.0100	pay 0.0050% / 4h	3h 02m	$1.1M	$583K	—
Short	Bitget ZAMAUSDT	0.09381	0.0100	get 0.0050% / 4h	3h 02m	$4.9M	$10.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.212%Rate

Funding earned: $0
Price spread: −0.212% → −0.281%: $6.83
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5.17
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bitget: 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	4.25 bp	doesn't fit	1263.6 bp −$12.6K	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	6.92 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit

ZAMA on 14 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	−0.0210%	4h	0.09371	−0.319%	$971K	$5.7M	50x	as long as short
BloFin ZAMA-USDT	+0.0075%	4h	0.09385	−0.170%	$815K	$477K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09382	−0.204%	$310K	$1.7M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09373	−0.294%	$18.8M	$108.8M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09382	−0.202%	$8.3M	$21.8M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09374	−0.287%	$5.2M	$77.9M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09380	−0.223%	$2.9M	$4.1M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09383	−0.191%	$878K	$1.1M	50x	as long as short
Bitget ZAMAUSDTshort	+0.0100%	4h	0.09381	−0.212%	$4.9M	$10.7M	20x
BingX ZAMA-USDT	+0.0100%	4h	0.09376	−0.265%	—	$2.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMAlong	+0.0100%	4h	0.09401	long leg	$1.1M	$583K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09611	+2.234%	—	$746K	20x	as long as short
Phemex ZAMAUSDT	+0.0100%	4h	0.09377	−0.255%	$2K	$16K	20x	as long as short
edgeX ZAMAUSDC	+0.0109%	4h	0.09394	−0.074%	$6K	$454K	10x	as long as short