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: Variational Omni against SunX+0.212%45s7-day average +0.273% · 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 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.468%−$47 · spread now +0.212%, 7d avg +0.273%

Together, before fees−0.468%+ Points / potential airdropVariational Omni: Active · farm board−$47 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 0.062% 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 +0.273%. The two prices were read 45 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	0.09552	0.0100	pay 0.0050% / 4h	3h 55m	—	$711K	20x
Short	Variational Omni ZAMA	0.09572	0.0100	get 0.0050% / 4h	3h 55m	$993K	$447K	—

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 +0.212%Rate

Funding earned: $0
Price spread: +0.212% → +0.273%: −$6.18
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.18
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 66 min ago; Variational Omni: RFQ quote, 58 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, 66 min ago	500.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 58 min ago	4.32 bp	doesn't fit	224.5 bp −$2,245	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	−0.1060%	4h	0.09478	−0.775%	$937K	$7.2M	50x	as long as short
Aster ZAMAUSDT	+0.0050%	4h	0.09496	−0.582%	$229K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09482	−0.733%	$18.9M	$136.8M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09484	−0.712%	$7.9M	$26.3M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09481	−0.743%	$5.5M	$98.6M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09481	−0.743%	$3.0M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09486	−0.691%	$857K	$1.6M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09484	−0.712%	$5.0M	$14.7M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09481	−0.743%	—	$2.4M	—	as long as short
Variational Omni ZAMAshort	+0.0100%	4h	0.09572	+0.212%	$993K	$447K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDTlong	+0.0100%	4h	0.09552	long leg	—	$711K	20x
edgeX ZAMAUSDC	+0.0105%	4h	0.09532	−0.209%	$5K	$443K	10x	as long as short
BloFin ZAMA-USDT	+0.0110%	4h	0.09539	−0.136%	$826K	$591K	50x	as long as short