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: KuCoin against Variational Omni−0.344%7-day average −0.264% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.344%, 7d avg −0.264%

Together, before fees+0.110%+ Points / potential airdropVariational Omni: Active · farm board+$11 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 0.080% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.264%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09534	0.0100	pay 0.0050% / 4h	3h 00m	$999K	$468K	—
Short	KuCoin ZAMAUSDTM	0.09501	0.0100	get 0.0050% / 4h	3h 00m	$868K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now −0.344%Rate

Funding earned: $0
Price spread: −0.344% → −0.264%: −$8.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.05
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; KuCoin: live order book, 5 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 Variational Omni RFQ quote, 3 min ago	4.14 bp	doesn't fit	227.8 bp −$2,278	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	7.75 bp	58.3 bp −$58	176.1 bp −$1,761	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	−0.0490%	4h	0.09482	−0.544%	$930K	$7.3M	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.09494	−0.415%	$230K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09486	−0.502%	$18.9M	$135.6M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.09487	−0.491%	$7.8M	$26.3M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09479	−0.575%	$5.5M	$97.7M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09495	−0.407%	$2.9M	$4.6M	50x	as long as short
KuCoin ZAMAUSDTMshort	+0.0100%	4h	0.09501	−0.344%	$868K	$1.5M	50x
Bitget ZAMAUSDT	+0.0100%	4h	0.09493	−0.428%	$5.0M	$14.6M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09490	−0.460%	—	$2.4M	—	as long as short
Variational Omni ZAMAlong	+0.0100%	4h	0.09534	long leg	$999K	$468K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDT	+0.0100%	4h	0.09533	−0.009%	—	$715K	20x	as long as short
edgeX ZAMAUSDC	+0.0102%	4h	0.09626	+0.968%	$5K	$447K	10x	as long as short
BloFin ZAMA-USDT	+0.0115%	4h	0.09484	−0.523%	$826K	$586K	50x	as long as short