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 −0.118%

Price spread now: Aster against Bybit−0.149%7-day average −0.081% · 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−$137as in the Price arb table

costs, in and out, $10k−$1301.305% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.502%−$50 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.149%, 7d avg −0.081%

Together, before fees−0.560%+ Points / potential airdropAster: Stage 5 · farm board−$56 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 0.068% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZAMAUSDT	0.09595	0.0100	pay 0.0050% / 4h	3h 34m	$7.9M	$26.2M	25x
Short	Aster ZAMAUSDT	0.09581	0.0100	get 0.0050% / 4h	3h 34m	$233K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.149%Rate

Funding earned: $0
Price spread: −0.149% → −0.081%: −$6.8
Slippage, 4 orders: −$111.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$137.26
Costs to cover: 1.305%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 4 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 Bybit live order book, 5 min ago	0.52 bp	40.7 bp −$41	100.5 bp −$1,005	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	4.19 bp	25.0 bp −$25	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	−0.0410%	4h	0.09574	−0.219%	$946K	$7.2M	50x	as long as short
BloFin ZAMA-USDT	+0.0054%	4h	0.09567	−0.292%	$830K	$582K	50x	as long as short
Aster ZAMAUSDTshort	+0.0100%	4h	0.09581	−0.149%	$233K	$1.9M	20x
Binance ZAMAUSDT	+0.0100%	4h	0.09590	−0.052%	$19.2M	$135.5M	50x	as long as short
Bybit ZAMAUSDTlong	+0.0100%	4h	0.09595	long leg	$7.9M	$26.2M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09575	−0.208%	$5.6M	$99.0M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09576	−0.198%	$2.9M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09582	−0.135%	$868K	$1.5M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09582	−0.135%	$5.0M	$14.6M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09577	−0.188%	—	$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 ZAMA	+0.0100%	4h	0.09616	+0.219%	$999K	$462K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09581	−0.146%	—	$711K	20x	as long as short
edgeX ZAMAUSDC	+0.0115%	4h	0.09526	−0.715%	$5K	$445K	10x	as long as short