Funding arb · Price arb /

ZM

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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: Gate against Aster−0.092%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.092% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZMUSDT	90.984	0	get 0.0000% / 8h	2h 22m	$7K	$598	20x
Short	Gate ZM_USDT	90.900	0	get 0.0000% / 8h	2h 22m	$248K	$135K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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 AsterbpFee GatebpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → 0.000%: −$9.19
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.19
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Gate: live order book, 20 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 Aster no order-book sample	—	—	—	—	—
Sell Gate live order book, 20 min ago	14.31 bp	53.4 bp −$53	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZM 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
tradeXYZ xyz:ZM	−0.0079%	1h	90.906	−0.085%	$522K	$82K	10x	as long as short
Aster ZMUSDTlong	0.0000%	8h	90.984	long leg	$7K	$598	20x
Binance ZMUSDT	0.0000%	8h	90.997	+0.015%	$413K	$518K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.870	−0.125%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.820	−0.180%	$167K	$118K	20x	as long as short
Gate ZM_USDTshort	0.0000%	8h	90.900	−0.092%	$248K	$135K	20x
Bitget ZMUSDT	0.0000%	8h	90.880	−0.114%	$200K	$64K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.960	−0.026%	$11K	$36K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.980	−0.004%	$1K	$496K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	90.930	−0.059%	$6K	$35K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX ZM-USD	+0.0023%	1h	90.970	−0.015%	$1.1M	$6.5M	10x	as long as short
KuCoin ZMUSDTM	+0.0100%	8h	91.050	+0.073%	$70K	$1.5M	20x	as long as short
Polymarket Perps ZM-USD	+0.0213%	1h	91.030	+0.051%	$105K	$391K	10x	as long as short