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 −0.077%

Price spread now: Aster against OKX+0.204%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1191.193% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.438%−$44 on $10k

Price spread, last 7 days−0.315%−$32 · spread now +0.204%, 7d avg +0.003%

Together, before fees−0.753%+ Points / potential airdropAster: Stage 5 · farm board−$75 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: Aster is 0.201% dearer against OKX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZAMA-USDT-SWAP	0.09321	0.0100	pay 0.0050% / 4h	3h 30m	$5.2M	$78.9M	20x
Short	Aster ZAMAUSDT	0.09340	0.0100	get 0.0050% / 4h	3h 30m	$309K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.204%Rate

Funding earned: $0
Price spread: +0.204% → +0.003%: $20.13
Slippage, 4 orders: −$101.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$99.15
Costs to cover: 1.193%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Aster: 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 OKX live order book, 3 min ago	0.53 bp	14.6 bp −$15	102.4 bp −$1,024	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	6.91 bp	31.5 bp −$32	doesn't fit	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	−0.0482%	4h	0.09313	−0.086%	$949K	$5.6M	50x	as long as short
Aster ZAMAUSDTshort	+0.0100%	4h	0.09340	+0.204%	$309K	$1.8M	20x
Binance ZAMAUSDT	+0.0100%	4h	0.09330	+0.097%	$18.7M	$111.1M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09334	+0.139%	$8.3M	$22.3M	25x	as long as short
OKX ZAMA-USDT-SWAPlong	+0.0100%	4h	0.09321	long leg	$5.2M	$78.9M	20x
MEXC ZAMA_USDT	+0.0100%	4h	0.09331	+0.107%	$2.8M	$4.0M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09326	+0.054%	$862K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09327	+0.064%	$4.8M	$10.8M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09326	+0.054%	—	$2.3M	—	as long as short
Variational Omni ZAMA	+0.0100%	4h	0.09387	+0.708%	$1.1M	$588K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09409	+0.944%	—	$748K	20x	as long as short
BloFin ZAMA-USDT	+0.0101%	4h	0.09409	+0.944%	$819K	$482K	50x	as long as short
edgeX ZAMAUSDC	+0.0103%	4h	0.09418	+1.043%	$6K	$456K	10x	as long as short