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: OKX against Variational Omni+0.033%7-day average −0.301% · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.316%−$32 · spread now +0.033%, 7d avg −0.301%

Together, before fees−0.330%+ Points / potential airdropVariational Omni: Active · farm board−$33 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: OKX is 0.334% dearer against Variational Omni than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of −0.301%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09556	0.0100	pay 0.0050% / 4h	1h 29m	$1.1M	$577K	—
Short	OKX ZAMA-USDT-SWAP	0.09559	0.0100	get 0.0050% / 4h	1h 29m	$5.5M	$83.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.301%: $33.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $23.4
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; OKX: live order book, 5 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, 5 min ago	8.89 bp	doesn't fit	279.8 bp −$2,798	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.52 bp	22.3 bp −$22	101.6 bp −$1,016	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
BloFin ZAMA-USDT	+0.0090%	4h	0.09550	−0.061%	$840K	$507K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09557	+0.014%	$318K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09558	+0.022%	$19.0M	$115.6M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09559	+0.033%	$8.3M	$22.6M	25x	as long as short
OKX ZAMA-USDT-SWAPshort	+0.0100%	4h	0.09559	+0.033%	$5.5M	$83.9M	20x
Gate ZAMA_USDT	+0.0100%	4h	0.09556	+0.002%	$974K	$5.6M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09555	−0.009%	$2.9M	$4.2M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09561	+0.054%	$868K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09559	+0.033%	$4.9M	$11.6M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09564	+0.086%	—	$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	0.09556	long leg	$1.1M	$577K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09558	+0.023%	—	$729K	20x	as long as short
edgeX ZAMAUSDC	+0.0107%	4h	0.09547	−0.093%	$5K	$457K	10x	as long as short