ZAMA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.064%

Price spread now: Bybit against Gate−0.160%7-day average +0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$1621.621% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 7 days+0.328%+$33 · spread now −0.160%, 7d avg +0.118%

Together, before fees+0.524%+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.278% cheaper against Gate than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of +0.118%). If the spread goes back, that is −$28 on $10k: about 3 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.196% in total) that is about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZAMA_USDT	0.09382	0.0090	pay 0.0045% / 4h	50m 19s	$1.1M	$4.7M	50x
Short	Bybit ZAMAUSDT	0.09367	0.0100	get 0.0050% / 4h	50m 19s	$8.6M	$18.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.160%Rate

Funding earned: $2.1
Price spread: −0.160% → +0.118%: −$27.82
Slippage, 4 orders: −$136.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$187.79
Costs to cover: 1.621%
Break-even: 633.0 days

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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 Gate live order book, 1 min ago	3.21 bp	48.8 bp −$49	194.6 bp −$1,946	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.07 bp	35.1 bp −$35	100.9 bp −$1,009	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_USDTlong	+0.0090%	4h	0.09382	long leg	$1.1M	$4.7M	50x
Aster ZAMAUSDT	+0.0100%	4h	0.09380	−0.020%	$312K	$1.5M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09377	−0.058%	$18.8M	$91.1M	50x	as long as short
Bybit ZAMAUSDTshort	+0.0100%	4h	0.09367	−0.160%	$8.6M	$18.1M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09365	−0.181%	$5.4M	$65.2M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09375	−0.075%	$3.1M	$3.1M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09377	−0.053%	$906K	$974K	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09372	−0.107%	$4.9M	$8.2M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09375	−0.075%	—	$2.2M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09379	−0.032%	$1.2M	$627K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09668	+3.048%	—	$716K	20x	as long as short
Phemex ZAMAUSDT	+0.0100%	4h	0.09355	−0.288%	$167K	$368K	20x	as long as short
edgeX ZAMAUSDC	+0.0100%	4h	0.09342	−0.426%	$6K	$451K	10x	as long as short
BloFin ZAMA-USDT	+0.0139%	4h	0.09362	−0.213%	$832K	$434K	50x	as long as short