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: Bybit against Bitget−0.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.022% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZMUSDT	91.020	0	get 0.0000% / 8h	3h 58m	$200K	$73K	20x
Short	Bybit ZMUSDT	91.000	0	get 0.0000% / 8h	3h 58m	$95K	$34K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → 0.000%: −$2.2
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.2
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 51 min ago; Bybit: no order-book sample. Net counts fees only.

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, 51 min ago	19.76 bp	38.6 bp −$39	53.5 bp −$535	doesn't fit	doesn't fit
Sell Bybit no order-book sample	—	—	—	—	—

Bybit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	91.138	+0.129%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.030	+0.011%	$414K	$542K	20x	as long as short
Bybit ZMUSDTshort	0.0000%	8h	91.000	−0.022%	$95K	$34K	25x
OKX ZM-USDT-SWAP	0.0000%	8h	90.940	−0.088%	$166K	$113K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.950	−0.077%	$247K	$137K	20x	as long as short
Bitget ZMUSDTlong	0.0000%	8h	91.020	long leg	$200K	$73K	20x
Variational Omni ZM	0.0000%	8h	90.989	−0.034%	$11K	$51K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.990	−0.033%	$897	$506K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.030	+0.011%	$6K	$35K	10x	as long as short
tradeXYZ xyz:ZM	+0.0050%	1h	90.932	−0.097%	$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	91.140	+0.132%	$84K	$1.5M	20x	as long as short
QFEX ZM-USD	+0.0160%	1h	90.930	−0.099%	$1.1M	$5.9M	10x	as long as short
Polymarket Perps ZM-USD	+0.0461%	1h	91.070	+0.055%	$99K	$392K	10x	as long as short