Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

ZM

RWAAll ZM markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BingXNCSKZM2USD-USDT
88.690+0.1039pay 0.1039% / 8h2h 31m$946K$1.2M—Long BingX
SHORT
QFEXZM-USD
88.680+0.0044get 0.0005% / 1h31m 16s$1.4M$11.2M10xShort QFEX
Price gap−0.011%
Funding gap−0.0995% /8h

Funding costs $30 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$9−0.0995% /8h now · paid −0.086% over the last 7D
Price$0spread −0.011% now, avg −0.014% → +0.002% if it goes back
Costs−$1191.190% of $10k · taker + slippage, in and out
Result−$127−1.27%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.086% in total, about −0.0041%/8h on average.

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.011%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ZM on 14 exchanges

lowest funding first

Before you open

0 ok · 4 to watch
  • Watch: Thin at this size41.5 / 17.5 bp
    At $10k entering BingX costs 41.5 bp, fee and slippage, 2.4× QFEX’s.
  • Note: Margin at max leverage— + $1,000
    BingX —, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$29.84Long BingX: 3 payments, −$31.16; short QFEX: 24 payments, +$1.32.
  • Note: Gap at its usual level−0.011% vs −0.014%
    The price leg adds little either way.
  • Watch: Long leg is thinner$946K vs $1.4M OI
    BingX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · QFEX No
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0041%/8h × 21 periods−$8.64
Price spread−0.011% → −0.014% (7d avg)+$0.23
Slippage, 4 orderslive order books−$89.03
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$127.45
Costs to cover1.190%Break-evennever at this rate
Slippage: BingX: live order book, 5 min ago; QFEX: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX21.4541.5 bp−$4193.5 bp−$935302.1 bp−$30.2K1009.2 bp−$504.6K
SELL · SHORTQFEX5.6417.5 bp−$18doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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