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: KuCoin against Variational Omni+0.232%7-day average −0.256% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.309%−$31 · spread now +0.232%, 7d avg −0.256%

Together, before fees−0.312%+ Points / potential airdropVariational Omni: Active · farm board−$31 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: KuCoin is 0.488% dearer against Variational Omni than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.256%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09561	0.0100	pay 0.0050% / 4h	3h 17m	$1.1M	$595K	—
Short	KuCoin ZAMAUSDTM	0.09583	0.0100	get 0.0050% / 4h	3h 17m	$867K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.232%Rate

Funding earned: $0
Price spread: +0.232% → −0.256%: $48.82
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $36.82
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; KuCoin: live order book, 2 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	4.20 bp	doesn't fit	276.3 bp −$2,763	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	6.83 bp	46.1 bp −$46	157.4 bp −$1,574	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	−0.0101%	4h	0.09572	+0.121%	$413K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0097%	4h	0.09525	−0.375%	$831K	$496K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09575	+0.148%	$18.9M	$124.4M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09584	+0.242%	$8.3M	$24.3M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09591	+0.316%	$5.5M	$90.3M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09575	+0.148%	$965K	$6.2M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09578	+0.180%	$2.7M	$4.4M	50x	as long as short
KuCoin ZAMAUSDTMshort	+0.0100%	4h	0.09583	+0.232%	$867K	$1.2M	50x
Bitget ZAMAUSDT	+0.0100%	4h	0.09594	+0.347%	$4.9M	$13.7M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09576	+0.159%	—	$2.4M	—	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	0.09561	long leg	$1.1M	$595K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09534	−0.281%	—	$729K	20x	as long as short
edgeX ZAMAUSDC	+0.0101%	4h	0.09557	−0.044%	$5K	$454K	10x	as long as short