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: SunX against Variational Omni−0.366%7-day average −0.265% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

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 4 days (all we have)+0.368%+$37 · spread now −0.366%, 7d avg −0.265%

Together, before fees+0.368%+ Points / potential airdropVariational Omni: Active · farm board+$37 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: SunX is 0.101% cheaper against Variational Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.265%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.1012	0.0100	pay 0.0050% / 4h	1h 05m	$1.2M	$598K	—
Short	SunX ZAMA-USDT	0.1008	0.0100	get 0.0050% / 4h	1h 05m	—	$732K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.366%Rate

Funding earned: $0
Price spread: −0.366% → −0.265%: −$10.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$18.08
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; SunX: live order book, 26 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, 4 min ago	9.86 bp	doesn't fit	276.1 bp −$2,761	doesn't fit	doesn't fit
Sell SunX live order book, 26 min ago	500.20 bp	doesn't fit	doesn't fit	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	+0.0020%	4h	0.1010	−0.168%	$1.0M	$7.1M	50x	as long as short
Aster ZAMAUSDT	+0.0100%	4h	0.1010	−0.168%	$328K	$1.9M	20x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.1009	−0.333%	$20.2M	$133.2M	50x	as long as short
Bybit ZAMAUSDT	+0.0100%	4h	0.1010	−0.168%	$8.7M	$25.6M	25x	as long as short
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.1010	−0.188%	$6.0M	$101.4M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.1010	−0.158%	$2.9M	$4.6M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.1010	−0.208%	$879K	$1.4M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.1010	−0.228%	$5.2M	$14.5M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.1009	−0.247%	—	$2.4M	—	as long as short
Variational Omni ZAMAlong	+0.0100%	4h	0.1012	long leg	$1.2M	$598K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZAMA-USDTshort	+0.0100%	4h	0.1008	−0.366%	—	$732K	20x
edgeX ZAMAUSDC	+0.0101%	4h	0.1011	−0.138%	$5K	$451K	10x	as long as short
BloFin ZAMA-USDT	+0.0128%	4h	0.1012	−0.050%	$899K	$612K	50x	as long as short