Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX−0.103%55s7-day average −0.039% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.103%, 7d avg −0.039%

Together, before fees+0.146%+$15 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% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZAMA-USDT	0.09750	0.0100	pay 0.0050% / 4h	20m 27s	—	$744K	20x
Short	BingX ZAMA-USDT	0.09740	0.0100	get 0.0050% / 4h	20m 27s	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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 SunXbpFee BingXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.039%: −$6.35
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.35
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 71 min ago; BingX: live order book, 13 min ago. Net counts fees only.

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 SunX live order book, 71 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	3.02 bp	17.4 bp −$17	55.0 bp −$550	193.7 bp −$19.4K	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	−0.0051%	4h	0.09747	−0.027%	$419K	$2.0M	20x	as long as short
BloFin ZAMA-USDT	+0.0050%	4h	0.09757	+0.072%	$869K	$571K	50x	as long as short
Gate ZAMA_USDT	+0.0080%	4h	0.09740	−0.103%	$982K	$6.9M	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09741	−0.092%	$19.4M	$133.0M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09744	−0.062%	$8.4M	$25.6M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09744	−0.062%	$5.6M	$97.1M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09736	−0.144%	$2.7M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09735	−0.154%	$863K	$1.4M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09741	−0.092%	$5.0M	$14.4M	20x	as long as short
BingX ZAMA-USDTshort	+0.0100%	4h	0.09740	−0.103%	—	$2.4M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMA	+0.0100%	4h	0.09752	+0.017%	$1.1M	$600K	—	as long as short
SunX ZAMA-USDTlong	+0.0100%	4h	0.09750	long leg	—	$744K	20x
edgeX ZAMAUSDC	+0.0105%	4h	0.09769	+0.191%	$5K	$453K	10x	as long as short