Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against KuCoin−0.011%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1431.425% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.011%, 7d avg −0.074%

Together, before fees+0.082%+$8 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: BingX is 0.064% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZAMAUSDTM	0.09195	0.0100	pay 0.0050% / 4h	1h 23m	$839K	$1.6M	50x
Short	BingX ZAMA-USDT	0.09194	0.0100	get 0.0050% / 4h	1h 23m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.074%: $6.35
Slippage, 4 orders: −$120.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$136.19
Costs to cover: 1.425%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: 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 KuCoin live order book, 2 min ago	4.37 bp	55.1 bp −$55	167.2 bp −$1,672	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	2.72 bp	18.6 bp −$19	60.9 bp −$609	256.8 bp −$25.7K	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	−0.0466%	4h	0.09193	−0.022%	$906K	$7.4M	50x	as long as short
Aster ZAMAUSDT	−0.0408%	4h	0.09192	−0.033%	$223K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0043%	4h	0.09169	−0.283%	$791K	$566K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09194	−0.009%	$18.1M	$138.8M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09196	+0.011%	$7.7M	$26.5M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09194	−0.011%	$5.3M	$96.3M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09194	−0.011%	$2.6M	$4.6M	50x	as long as short
KuCoin ZAMAUSDTMlong	+0.0100%	4h	0.09195	long leg	$839K	$1.6M	50x
Bitget ZAMAUSDT	+0.0100%	4h	0.09197	+0.022%	$4.8M	$14.8M	20x	as long as short
BingX ZAMA-USDTshort	+0.0100%	4h	0.09194	−0.011%	—	$2.5M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09181	−0.148%	$951K	$447K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09201	+0.065%	—	$700K	20x	as long as short
edgeX ZAMAUSDC	+0.0103%	4h	0.09128	−0.732%	$5K	$441K	10x	as long as short