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: Variational Omni against Aster+0.043%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.043% dearer against Aster than usual: you sell high and buy low, +$4 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	90.958	0	get 0.0000% / 8h	41m 46s	$7K	$598	20x
Short	Variational Omni ZM	90.997	0	get 0.0000% / 8h	41m 46s	$12K	$22K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → 0.000%: $4.29
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.71
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—

Aster and Variational Omni: 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	90.958	long leg	$7K	$598	20x
Binance ZMUSDT	0.0000%	8h	90.973	+0.016%	$411K	$505K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.970	+0.013%	$95K	$32K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	91.010	+0.057%	$167K	$111K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.930	−0.031%	$248K	$129K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.070	+0.123%	$200K	$64K	20x	as long as short
Variational Omni ZMshort	0.0000%	8h	90.997	+0.043%	$12K	$22K	—
SunX ZM-USDT	0.0000%	8h	91.010	+0.057%	$1K	$494K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	90.900	−0.064%	$6K	$36K	10x	as long as short
QFEX ZM-USD	+0.0023%	1h	91.160	+0.222%	$1.1M	$7.3M	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	91.020	+0.068%	$63K	$1.5M	20x	as long as short
tradeXYZ xyz:ZM	+0.0417%	1h	91.012	+0.059%	$523K	$76K	10x	as long as short
Polymarket Perps ZM-USD	+0.0534%	1h	91.070	+0.123%	$105K	$383K	10x	as long as short