Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against BingX+0.038%7-day average +0.332% · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.213%+$21 · spread now +0.038%, 7d avg +0.332%

Together, before fees+0.183%+ Points / potential airdropVariational Omni: Active · farm board+$18 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: Variational Omni is 0.295% cheaper against BingX than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.332%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZAMA-USDT	0.09748	0.0100	pay 0.0050% / 4h	21m 33s	—	$2.4M	—
Short	Variational Omni ZAMA	0.09752	0.0100	get 0.0050% / 4h	21m 33s	$1.1M	$600K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.332%: −$29.45
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$39.45
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 12 min ago; Variational Omni: RFQ quote, 3 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 BingX live order book, 12 min ago	3.02 bp	17.6 bp −$18	51.5 bp −$515	237.7 bp −$23.8K	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.10 bp	doesn't fit	234.6 bp −$2,346	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	−0.0047%	4h	0.09761	+0.130%	$420K	$2.0M	20x	as long as short
BloFin ZAMA-USDT	+0.0065%	4h	0.09779	+0.318%	$870K	$573K	50x	as long as short
Gate ZAMA_USDT	+0.0080%	4h	0.09750	+0.021%	$983K	$6.9M	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09749	+0.010%	$19.4M	$133.1M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09753	+0.051%	$8.4M	$25.6M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09745	−0.031%	$5.6M	$97.1M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09747	−0.010%	$2.7M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09759	+0.113%	$865K	$1.4M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09751	+0.031%	$5.0M	$14.5M	20x	as long as short
BingX ZAMA-USDTlong	+0.0100%	4h	0.09748	long leg	—	$2.4M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMAshort	+0.0100%	4h	0.09752	+0.038%	$1.1M	$600K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09786	+0.390%	—	$744K	20x	as long as short
edgeX ZAMAUSDC	+0.0105%	4h	0.09769	+0.212%	$5K	$453K	10x	as long as short