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: Binance against Bitget−0.099%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2222.224% of the position

Long on Bitget Short on Binance

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)+0.051%+$5 · spread now −0.099%, 7d avg +0.057%

Together, before fees+0.158%+$16 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: Binance is 0.156% cheaper against Bitget than usual: you would sell low and buy high, −$16 on $10k if it 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	Bitget ZMUSDT	90.990	0	get 0.0000% / 8h	2h 57m	$200K	$64K	20x
Short	Binance ZMUSDT	90.900	0	get 0.0000% / 8h	2h 57m	$413K	$523K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → +0.057%: −$15.59
Slippage, 4 orders: −$200.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$238.03
Costs to cover: 2.224%
Break-even: never at this rate

Slippage from Bitget: live order book, 47 min ago; Binance: live order book, 50 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 Bitget live order book, 47 min ago	18.12 bp	39.5 bp −$40	64.1 bp −$641	doesn't fit	doesn't fit
Sell Binance live order book, 50 min ago	1.65 bp	25.0 bp −$25	91.6 bp −$916	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
tradeXYZ xyz:ZM	−0.0085%	1h	90.906	−0.092%	$522K	$81K	10x	as long as short
Aster ZMUSDT	0.0000%	8h	91.051	+0.067%	$7K	$598	20x	as long as short
Binance ZMUSDTshort	0.0000%	8h	90.900	−0.099%	$413K	$523K	20x
Bybit ZMUSDT	0.0000%	8h	91.010	+0.022%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.970	−0.022%	$167K	$118K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.840	−0.165%	$246K	$133K	20x	as long as short
Bitget ZMUSDTlong	0.0000%	8h	90.990	long leg	$200K	$64K	20x
Variational Omni ZM	0.0000%	8h	90.859	−0.144%	$11K	$36K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.860	−0.143%	$1K	$497K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.000	+0.011%	$5K	$35K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX ZM-USD	+0.0023%	1h	90.850	−0.154%	$1.1M	$6.3M	10x	as long as short
Polymarket Perps ZM-USD	+0.0050%	1h	90.960	−0.033%	$105K	$398K	10x	as long as short
KuCoin ZMUSDTM	+0.0100%	8h	91.000	+0.011%	$87K	$1.5M	20x	as long as short