Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against OKX−0.063%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days−0.018%−$2 · spread now −0.063%, 7d avg −0.037%

Together, before fees+0.011%+$1 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: MEXC is 0.025% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZAMA-USDT-SWAP	0.09591	0.0100	pay 0.0050% / 4h	3h 17m	$5.5M	$90.1M	20x
Short	MEXC ZAMA_USDT	0.09585	0.0100	get 0.0050% / 4h	3h 17m	$2.7M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.037%: −$2.53
Slippage, 4 orders: −$39.91
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$60.44
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 5 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	0.52 bp	20.1 bp −$20	126.6 bp −$1,266	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.52 bp	8.0 bp −$8	28.8 bp −$288	318.9 bp −$31.9K	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
Aster ZAMAUSDT	−0.0114%	4h	0.09580	−0.111%	$414K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0087%	4h	0.09587	−0.042%	$842K	$499K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09591	0.000%	$19.0M	$124.3M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09593	+0.021%	$8.3M	$24.2M	25x	as long as short
OKX ZAMA-USDT-SWAPlong	+0.0100%	4h	0.09591	long leg	$5.5M	$90.1M	20x
Gate ZAMA_USDT	+0.0100%	4h	0.09582	−0.094%	$970K	$6.2M	50x	as long as short
MEXC ZAMA_USDTshort	+0.0100%	4h	0.09585	−0.063%	$2.7M	$4.4M	50x
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09586	−0.052%	$867K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09592	+0.010%	$5.0M	$13.7M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09586	−0.052%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09561	−0.315%	$1.1M	$595K	—	as long as short
SunX ZAMA-USDT	+0.0100%	4h	0.09593	+0.021%	—	$728K	20x	as long as short
edgeX ZAMAUSDC	+0.0101%	4h	0.09557	−0.358%	$5K	$454K	10x	as long as short