ZM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.190%

Price spread now: KuCoin against Binance+0.077%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$623as in the Funding arb table

Net, price: spread back to 7d avg − costs−$609as in the Price arb table

costs, in and out, $10k−$6226.222% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 2 days (all we have)−0.201%−$20 · spread now +0.077%, 7d avg −0.057%

Together, before fees−0.213%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.134% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZMUSDT	91.000	0	get 0.0000% / 8h	3h 45m	$414K	$538K	20x
Short	KuCoin ZMUSDTM	91.070	0.0100	get 0.0100% / 8h	3h 45m	$85K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.077%Rate

Funding earned: $21
Price spread: +0.077% → −0.057%: $13.42
Slippage, 4 orders: −$600.19
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$587.77
Costs to cover: 6.222%
Break-even: 202.9 days

Slippage from Binance: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago	1.65 bp	22.4 bp −$22	95.3 bp −$953	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.29 bp	281.0 bp −$281	doesn't fit	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	90.976	−0.026%	$7K	$598	20x	as long as short
Binance ZMUSDTlong	0.0000%	8h	91.000	long leg	$414K	$538K	20x
Bybit ZMUSDT	0.0000%	8h	90.870	−0.143%	$95K	$34K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.940	−0.066%	$166K	$113K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.940	−0.066%	$247K	$138K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.000	0.000%	$200K	$73K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.990	−0.011%	$11K	$51K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.980	−0.022%	$883	$505K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	90.780	−0.242%	$6K	$35K	10x	as long as short
tradeXYZ xyz:ZM	+0.0050%	1h	90.932	−0.075%	$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 ZMUSDTMshort	+0.0100%	8h	91.070	+0.077%	$85K	$1.5M	20x
QFEX ZM-USD	+0.0160%	1h	91.000	0.000%	$1.1M	$6.0M	10x	as long as short
Polymarket Perps ZM-USD	+0.0437%	1h	91.070	+0.077%	$99K	$392K	10x	as long as short