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 −0.077%

Price spread now: Aster against BingX−0.253%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$1781.781% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.511%−$51 on $10k

Price spread, last 7 days+0.145%+$15 · spread now −0.253%, 7d avg +0.014%

Together, before fees−0.366%+ Points / potential airdropAster: Stage 5 · farm board−$37 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: Aster is 0.267% cheaper against BingX than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZAMA-USDT	0.09317	0.0100	pay 0.0050% / 4h	3h 48m	—	$2.3M	—
Short	Aster ZAMAUSDT	0.09293	0.0100	get 0.0050% / 4h	3h 48m	$307K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.253%Rate

Funding earned: $0
Price spread: −0.253% → +0.014%: −$26.66
Slippage, 4 orders: −$160.12
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$204.78
Costs to cover: 1.781%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Aster: live order book, 5 min ago.

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 BingX live order book, 15 min ago	1.60 bp	17.2 bp −$17	60.5 bp −$605	269.1 bp −$26.9K	doesn't fit
Sell Aster live order book, 5 min ago	3.29 bp	94.9 bp −$95	doesn't fit	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
Gate ZAMA_USDT	−0.0118%	4h	0.09315	−0.021%	$949K	$5.4M	50x	as long as short
BloFin ZAMA-USDT	+0.0091%	4h	0.09220	−1.041%	$826K	$477K	50x	as long as short
Aster ZAMAUSDTshort	+0.0100%	4h	0.09293	−0.253%	$307K	$1.8M	20x
Binance ZAMAUSDT	+0.0100%	4h	0.09319	+0.019%	$18.3M	$112.3M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09319	+0.021%	$8.2M	$22.4M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09314	−0.032%	$5.1M	$79.3M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09320	+0.032%	$2.9M	$4.0M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09297	−0.215%	$878K	$1.1M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09316	−0.011%	$4.8M	$11.0M	20x	as long as short
BingX ZAMA-USDTlong	+0.0100%	4h	0.09317	long leg	—	$2.3M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09121	−2.098%	$1.1M	$583K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09316	−0.011%	—	$742K	20x	as long as short
edgeX ZAMAUSDC	+0.0105%	4h	0.09095	−2.388%	$6K	$454K	10x	as long as short