Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni−1.208%7-day average −0.191% · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+1.214%+$121 · spread now −1.208%, 7d avg −0.191%

Together, before fees+1.246%+ Points / potential airdropVariational Omni: Active · farm board+$125 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 1.017% cheaper against Variational Omni than usual: you would sell low and buy high, −$102 on $10k if it goes back to its 7-day average of −0.191%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09670	0.0100	pay 0.0050% / 4h	3h 27m	$1.1M	$598K	—
Short	Bybit ZAMAUSDT	0.09553	0.0100	get 0.0050% / 4h	3h 27m	$8.2M	$24.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −1.208%Rate

Funding earned: $0
Price spread: −1.208% → −0.191%: −$101.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$112.68
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bybit: 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, 1 min ago	4.15 bp	doesn't fit	271.1 bp −$2,711	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.04 bp	40.8 bp −$41	96.2 bp −$962	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
Aster ZAMAUSDT	−0.0100%	4h	0.09602	−0.704%	$414K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09591	−0.813%	$19.0M	$126.2M	50x	as long as short
Bybit ZAMAUSDTshort	+0.0100%	4h	0.09553	−1.208%	$8.2M	$24.7M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09575	−0.980%	$5.6M	$91.8M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09623	−0.484%	$967K	$6.1M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09607	−0.650%	$2.7M	$4.3M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09623	−0.484%	$867K	$1.3M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09580	−0.929%	$5.0M	$13.8M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09589	−0.836%	—	$2.4M	—	as long as short
Variational Omni ZAMAlong	+0.0100%	4h	0.09670	long leg	$1.1M	$598K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09626	−0.453%	—	$732K	20x	as long as short
edgeX ZAMAUSDC	+0.0115%	4h	0.09677	+0.073%	$5K	$456K	10x	as long as short
BloFin ZAMA-USDT	+0.0134%	4h	0.09628	−0.432%	$839K	$515K	50x	as long as short