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 −0.002%

Price spread now: MEXC against Variational Omni−0.725%7-day average −0.320% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.420%+$42 · spread now −0.725%, 7d avg −0.320%

Together, before fees+0.400%+ Points / potential airdropVariational Omni: Active · farm board+$40 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: MEXC is 0.405% cheaper against Variational Omni than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of −0.320%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09632	0.0100	pay 0.0050% / 4h	1h 23m	$1.1M	$576K	—
Short	MEXC ZAMA_USDT	0.09562	0.0100	get 0.0050% / 4h	1h 23m	$2.9M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 MEXCbpOrdersPrice spread, now −0.725%Rate

Funding earned: $0
Price spread: −0.725% → −0.320%: −$40.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$48.53
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; MEXC: live order book, 4 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, just now	4.17 bp	doesn't fit	231.3 bp −$2,313	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.52 bp	8.1 bp −$8	27.1 bp −$271	416.7 bp −$41.7K	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
BloFin ZAMA-USDT	+0.0076%	4h	0.09612	−0.206%	$838K	$510K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09559	−0.758%	$318K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09563	−0.710%	$19.0M	$115.3M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09586	−0.476%	$8.3M	$22.6M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09592	−0.413%	$5.5M	$84.0M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09560	−0.746%	$978K	$5.6M	50x	as long as short
MEXC ZAMA_USDTshort	+0.0100%	4h	0.09562	−0.725%	$2.9M	$4.2M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09563	−0.714%	$867K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09570	−0.642%	$4.9M	$11.5M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09562	−0.725%	—	$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	0.09632	long leg	$1.1M	$576K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09558	−0.766%	—	$729K	20x	as long as short
edgeX ZAMAUSDC	+0.0111%	4h	0.09567	−0.670%	$5K	$454K	10x	as long as short