ZAMA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0458%/8h= −50.2% APRnext payment −$2.29 per $10,000 · paid last 24h −0.073%

Price spread now: Gate against Bybit+0.054%7-day average −0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1751.752% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 7 days−0.202%−$20 · spread now +0.054%, 7d avg −0.125%

Together, before fees−0.370%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.179% dearer against Bybit than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.125%): +$18 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.168% in total) that is about 7.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.168% in total (about -8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZAMAUSDT	0.09229	0.0100	pay 0.0050% / 4h	1h 16m	$7.7M	$26.6M	25x
Short	Gate ZAMA_USDT	0.09234	−0.0358	pay 0.0179% / 4h	1h 16m	$911K	$7.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.054%Rate

Funding earned: −$96.18
Price spread: +0.054% → −0.125%: $17.87
Slippage, 4 orders: −$149.15
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$253.46
Costs to cover: 1.752%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago	0.54 bp	37.7 bp −$38	116.9 bp −$1,169	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.24 bp	61.8 bp −$62	195.1 bp −$1,951	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_USDTshort	−0.0358%	4h	0.09234	+0.054%	$911K	$7.4M	50x
Aster ZAMAUSDT	−0.0335%	4h	0.09238	+0.097%	$224K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0078%	4h	0.09245	+0.173%	$792K	$572K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09226	−0.028%	$18.2M	$138.8M	50x	as long as short
Bybit ZAMAUSDTlong	+0.0100%	4h	0.09229	long leg	$7.7M	$26.6M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09225	−0.043%	$5.3M	$96.7M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09228	−0.011%	$2.7M	$4.6M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09238	+0.098%	$794K	$1.7M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09232	+0.033%	$4.8M	$14.8M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09225	−0.043%	—	$2.5M	—	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	0.09253	+0.264%	$957K	$447K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09237	+0.087%	—	$700K	20x	as long as short
edgeX ZAMAUSDC	+0.0103%	4h	0.09246	+0.182%	$5K	$443K	10x	as long as short