Funding arb · Price arb /

ZM

RWAall ZM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance+0.108%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1911.907% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 2 days (all we have)−0.121%−$12 · spread now +0.108%, 7d avg −0.008%

Together, before fees−0.203%−$20 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: SunX is 0.116% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZMUSDT	91.131	0	get 0.0000% / 8h	7h 43m	$411K	$492K	20x
Short	SunX ZM-USDT	91.230	0	get 0.0000% / 8h	7h 43m	$1K	$497K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → −0.008%: $11.59
Slippage, 4 orders: −$172.71
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$179.12
Costs to cover: 1.907%
Break-even: never at this rate

Slippage from Binance: live order book, 18 min ago; SunX: live order book, 67 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, 18 min ago	1.10 bp	23.2 bp −$23	94.4 bp −$944	doesn't fit	doesn't fit
Sell SunX live order book, 67 min ago	46.69 bp	71.3 bp −$71	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
QFEX ZM-USD	−0.0080%	1h	91.200	+0.075%	$1.1M	$7.7M	10x	as long as short
Aster ZMUSDT	0.0000%	8h	91.165	+0.037%	$7K	$598	20x	as long as short
Binance ZMUSDTlong	0.0000%	8h	91.131	long leg	$411K	$492K	20x
Bybit ZMUSDT	0.0000%	8h	91.160	+0.031%	$95K	$30K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	91.020	−0.122%	$167K	$108K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	91.050	−0.089%	$248K	$127K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.090	−0.046%	$200K	$64K	20x	as long as short
Variational Omni ZM	0.0000%	8h	91.190	+0.064%	$12K	$20K	—	as long as short
SunX ZM-USDTshort	0.0000%	8h	91.230	+0.108%	$1K	$497K	10x
HTX ZM-USDT	0.0000%	8h	91.320	+0.207%	$6K	$36K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ZM-USD	+0.0050%	1h	90.960	−0.188%	$105K	$383K	10x	as long as short
KuCoin ZMUSDTM	+0.0100%	8h	91.080	−0.056%	$61K	$1.5M	20x	as long as short
tradeXYZ xyz:ZM	+0.0769%	1h	91.011	−0.132%	$555K	$88K	10x	as long as short