Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−0.106%7-day average +0.182% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.106%, 7d avg +0.182%

Together, before fees+0.198%+ Points / potential airdropVariational Omni: Active · farm board+$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: Variational Omni is 0.288% cheaper against Bybit than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.182%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZAMAUSDT	0.09290	0.0100	pay 0.0050% / 4h	1h 54m	$8.3M	$19.0M	25x
Short	Variational Omni ZAMA	0.09280	0.0100	get 0.0050% / 4h	1h 54m	$1.1M	$637K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → +0.182%: −$28.78
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$39.78
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.54 bp	42.4 bp −$42	125.9 bp −$1,259	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.30 bp	doesn't fit	173.9 bp −$1,739	doesn't fit	doesn't fit

ZAMA on 14 exchanges

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	−0.0010%	4h	0.09287	−0.032%	$1.0M	$4.7M	50x	as long as short
BloFin ZAMA-USDT	+0.0097%	4h	0.09300	+0.108%	$819K	$446K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09290	0.000%	$307K	$1.6M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09294	+0.043%	$18.6M	$95.7M	50x	as long as short
Bybit ZAMAUSDTlong	+0.0100%	4h	0.09290	long leg	$8.3M	$19.0M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09288	−0.022%	$5.3M	$68.3M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09295	+0.054%	$3.1M	$3.3M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09289	−0.011%	$894K	$1.0M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09295	+0.054%	$4.8M	$9.3M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09294	+0.043%	—	$2.2M	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMAshort	+0.0100%	4h	0.09280	−0.106%	$1.1M	$637K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09551	+2.809%	—	$717K	20x	as long as short
Phemex ZAMAUSDT	+0.0100%	4h	0.09295	+0.054%	$59K	$160K	20x	as long as short
edgeX ZAMAUSDC	+0.0111%	4h	0.09291	+0.014%	$6K	$452K	10x	as long as short