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: Bitget against Binance+0.041%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2192.185% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 2 days (all we have)+0.092%+$9 · spread now +0.041%, 7d avg −0.058%

Together, before fees−0.015%−$1 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: Bitget is 0.099% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZMUSDT	90.963	0	get 0.0000% / 8h	3h 55m	$413K	$542K	20x
Short	Bitget ZMUSDT	91.000	0	get 0.0000% / 8h	3h 55m	$200K	$73K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.058%: $9.88
Slippage, 4 orders: −$196.53
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$208.65
Costs to cover: 2.185%
Break-even: never at this rate

Slippage from Binance: live order book, 67 min ago; Bitget: live order book, 54 min ago.

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 Binance live order book, 67 min ago	1.65 bp	26.4 bp −$26	142.2 bp −$1,422	doesn't fit	doesn't fit
Sell Bitget live order book, 54 min ago	19.76 bp	127.5 bp −$128	154.4 bp −$1,544	doesn't fit	doesn't fit

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 ZMUSDT	0.0000%	8h	90.907	−0.062%	$7K	$598	20x	as long as short
Binance ZMUSDTlong	0.0000%	8h	90.963	long leg	$413K	$542K	20x
Bybit ZMUSDT	0.0000%	8h	90.740	−0.245%	$95K	$34K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.940	−0.025%	$166K	$113K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.950	−0.014%	$247K	$137K	20x	as long as short
Bitget ZMUSDTshort	0.0000%	8h	91.000	+0.041%	$200K	$73K	20x
Variational Omni ZM	0.0000%	8h	90.999	+0.040%	$11K	$51K	—	as long as short
SunX ZM-USDT	0.0000%	8h	91.000	+0.041%	$878	$505K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.040	+0.085%	$6K	$35K	10x	as long as short
tradeXYZ xyz:ZM	+0.0050%	1h	90.930	−0.036%	$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	90.800	−0.179%	$84K	$1.5M	20x	as long as short
QFEX ZM-USD	+0.0160%	1h	91.060	+0.107%	$1.1M	$5.9M	10x	as long as short
Polymarket Perps ZM-USD	+0.0442%	1h	91.070	+0.118%	$99K	$392K	10x	as long as short