Funding arb · Price arb /

ZM

RWAall ZM 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: HTX against Aster+0.105%7-day average — · you sell dearer than you buy

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

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 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: HTX is 0.105% dearer against Aster than usual: you sell high and buy low, +$11 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	90.974	0	get 0.0000% / 8h	3h 48m	$7K	$598	20x
Short	HTX ZM-USDT	91.070	0	get 0.0000% / 8h	3h 48m	$6K	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → 0.000%: $10.52
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$9.48
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; HTX: no order-book sample. 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 HTX no order-book sample	—	—	—	—	—

Aster and HTX: 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
Aster ZMUSDTlong	0.0000%	8h	90.974	long leg	$7K	$598	20x
Binance ZMUSDT	0.0000%	8h	91.000	+0.028%	$413K	$538K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.900	−0.082%	$95K	$34K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.940	−0.038%	$166K	$113K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.950	−0.027%	$247K	$138K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.000	+0.028%	$200K	$73K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.994	+0.022%	$11K	$51K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.980	+0.006%	$883	$505K	10x	as long as short
HTX ZM-USDTshort	0.0000%	8h	91.070	+0.105%	$6K	$35K	10x
tradeXYZ xyz:ZM	+0.0050%	1h	90.930	−0.049%	$523K	$81K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZMUSDTM	+0.0100%	8h	91.030	+0.061%	$84K	$1.5M	20x	as long as short
QFEX ZM-USD	+0.0160%	1h	91.000	+0.028%	$1.1M	$6.0M	10x	as long as short
Polymarket Perps ZM-USD	+0.0438%	1h	91.060	+0.094%	$99K	$392K	10x	as long as short