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: KuCoin against OKX+0.161%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$671as in the Funding arb table

Net, price: spread back to 7d avg − costs−$663as in the Price arb table

costs, in and out, $10k−$6766.758% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.218%−$22 · spread now +0.161%, 7d avg +0.035%

Together, before fees−0.174%−$17 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 0.126% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZAMA-USDT-SWAP	0.09313	0.0100	pay 0.0050% / 4h	2h 56m	$5.2M	$77.2M	20x
Short	KuCoin ZAMAUSDTM	0.09328	0.0100	get 0.0050% / 4h	2h 56m	$874K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.035%: $12.56
Slippage, 4 orders: −$653.75
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$663.19
Costs to cover: 6.758%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 8 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, 2 min ago	0.54 bp	16.1 bp −$16	118.9 bp −$1,189	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	7.45 bp	406.8 bp −$407	doesn't fit	doesn't fit	doesn't fit

ZAMA on 14 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	−0.0276%	4h	0.09315	+0.021%	$966K	$5.2M	50x	as long as short
BloFin ZAMA-USDT	+0.0046%	4h	0.09339	+0.279%	$823K	$475K	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09325	+0.130%	$308K	$1.7M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09316	+0.027%	$18.7M	$108.4M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09315	+0.021%	$8.2M	$21.7M	25x	as long as short
OKX ZAMA-USDT-SWAPlong	+0.0100%	4h	0.09313	long leg	$5.2M	$77.2M	20x
MEXC ZAMA_USDT	+0.0100%	4h	0.09317	+0.043%	$2.9M	$3.7M	50x	as long as short
KuCoin ZAMAUSDTMshort	+0.0100%	4h	0.09328	+0.161%	$874K	$1.1M	50x
Bitget ZAMAUSDT	+0.0100%	4h	0.09323	+0.107%	$4.8M	$10.7M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09314	+0.011%	—	$2.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09380	+0.717%	$1.1M	$583K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09577	+2.835%	—	$746K	20x	as long as short
Phemex ZAMAUSDT	+0.0100%	4h	0.09329	+0.172%	$2K	$26K	20x	as long as short
edgeX ZAMAUSDC	+0.0109%	4h	0.09344	+0.331%	$6K	$451K	10x	as long as short