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 0.000%

Price spread now: Variational Omni against SunX+1.774%7-day average +0.255% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−2.031%−$203 · spread now +1.774%, 7d avg +0.255%

Together, before fees−2.031%+ Points / potential airdropVariational Omni: Active · farm board−$203 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: Variational Omni is 1.519% dearer against SunX than usual: you sell high and buy low, +$152 on $10k if it goes back to its 7-day average of +0.255%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZAMA-USDT	0.09675	0.0100	pay 0.0050% / 4h	1h 56m	—	$730K	20x
Short	Variational Omni ZAMA	0.09847	0.0100	get 0.0050% / 4h	1h 56m	$1.1M	$579K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +1.774%Rate

Funding earned: $0
Price spread: +1.774% → +0.255%: $151.92
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $143.92
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 6 min ago; Variational Omni: RFQ quote, 3 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, 6 min ago	500.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	7.63 bp	doesn't fit	198.9 bp −$1,989	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
Aster ZAMAUSDT	+0.0100%	4h	0.09686	+0.117%	$324K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09677	+0.026%	$19.3M	$119.5M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09681	+0.062%	$8.5M	$23.2M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09679	+0.041%	$5.6M	$87.4M	20x	as long as short
Gate ZAMA_USDT	+0.0100%	4h	0.09679	+0.041%	$990K	$5.6M	50x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09681	+0.062%	$2.9M	$4.1M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09687	+0.124%	$890K	$1.2M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09685	+0.103%	$5.0M	$12.1M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09683	+0.083%	—	$2.4M	—	as long as short
Variational Omni ZAMAshort	+0.0100%	4h	0.09847	+1.774%	$1.1M	$579K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDTlong	+0.0100%	4h	0.09675	long leg	—	$730K	20x
edgeX ZAMAUSDC	+0.0118%	4h	0.09827	+1.568%	$6K	$453K	10x	as long as short
BloFin ZAMA-USDT	+0.0131%	4h	0.09791	+1.199%	$855K	$509K	50x	as long as short