Settings8H · net · $10k
Funding arb · Price arb /

ZAMA

all ZAMA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.07 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Bitget−0.145%7-day average −0.198% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$930.931% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.199%+$20 on $10k
Price spread, last 3 days (all we have)−0.135%−$13 · spread now −0.145%, 7d avg −0.198%
Together, before fees+0.064%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.053% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.198%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZAMAUSDT0.096510.0100pay 0.0050% / 4h3h 30m$5.0M$14.6M20x
ShortBloFin ZAMA-USDT0.096370.0115get 0.0057% / 4h3h 30m$834K$588K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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

Funding earned
$3.13
Price spread: −0.145% → −0.198%
$5.32
Slippage, 4 orders
−$69.1
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$84.65
Costs to cover
0.931%
Break-even
196.5 days
Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago3.65 bp24.4 bp −$2461.9 bp −$619doesn't fitdoesn't fit
Sell BloFin live order book, 41 min ago6.80 bp17.9 bp −$1854.0 bp −$540doesn't fitdoesn't fit

ZAMA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZAMA_USDT−0.0246%4h0.09640−0.114%$953K$7.2M50xas long as short
Aster ZAMAUSDT+0.0100%4h0.09642−0.094%$234K$1.9M20xas long as short
Binance ZAMAUSDT+0.0100%4h0.09638−0.134%$19.3M$135.3M50xas long as short
Bybit ZAMAUSDT+0.0100%4h0.09650−0.010%$8.0M$26.2M25xas long as short
OKX ZAMA-USDT-SWAP+0.0100%4h0.09644−0.073%$5.6M$99.7M20xas long as short
MEXC ZAMA_USDT+0.0100%4h0.09645−0.062%$3.0M$4.5M50xas long as short
KuCoin ZAMAUSDTM+0.0100%4h0.09638−0.135%$872K$1.5M50xas long as short
Bitget ZAMAUSDTlong+0.0100%4h0.09651long leg$5.0M$14.6M20x
BingX ZAMA-USDT+0.0100%4h0.09645−0.062%$2.4Mas long as short
Variational Omni ZAMA+0.0100%4h0.09636−0.155%$1.0M$463Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX ZAMA-USDT+0.0100%4h0.09639−0.124%$711K20xas long as short
edgeX ZAMAUSDC+0.0101%4h0.09594−0.590%$5K$446K10xas long as short
BloFin ZAMA-USDTshort+0.0115%4h0.09637−0.145%$834K$588K50x