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: KuCoin against Bybit−0.277%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$1951.948% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days+0.223%+$22 · spread now −0.277%, 7d avg −0.049%

Together, before fees+0.203%+$20 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: KuCoin is 0.228% cheaper against Bybit than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZAMAUSDT	0.1009	0.0100	pay 0.0050% / 4h	1h 02m	$8.7M	$25.6M	25x
Short	KuCoin ZAMAUSDTM	0.1007	0.0100	get 0.0050% / 4h	1h 02m	$921K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.277%Rate

Funding earned: $0
Price spread: −0.277% → −0.049%: −$22.83
Slippage, 4 orders: −$171.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$217.6
Costs to cover: 1.948%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 3 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, 2 min ago	0.50 bp	38.1 bp −$38	98.7 bp −$987	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	9.91 bp	55.1 bp −$55	157.2 bp −$1,572	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	+0.0020%	4h	0.1006	−0.317%	$1.0M	$7.1M	50x	as long as short
BloFin ZAMA-USDT	+0.0093%	4h	0.1008	−0.149%	$896K	$610K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.1006	−0.385%	$326K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.1008	−0.120%	$20.1M	$133.2M	50x	as long as short
Bybit ZAMAUSDTlong	+0.0100%	4h	0.1009	long leg	$8.7M	$25.6M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.1009	−0.050%	$6.0M	$101.3M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.1007	−0.287%	$2.9M	$4.6M	50x	as long as short
KuCoin ZAMAUSDTMshort	+0.0100%	4h	0.1007	−0.277%	$921K	$1.4M	50x
Bitget ZAMAUSDT	+0.0100%	4h	0.1009	−0.059%	$5.2M	$14.5M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.1007	−0.248%	—	$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	0.1012	+0.248%	$1.2M	$598K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.1005	−0.426%	—	$734K	20x	as long as short
edgeX ZAMAUSDC	+0.0117%	4h	0.1010	+0.010%	$5K	$452K	10x	as long as short