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: Gate against Bitget+0.022%7-day average −0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2892.890% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.022%, 7d avg −0.109%

Together, before fees+0.022%+$2 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: Gate is 0.131% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZMUSDT	90.880	0	get 0.0000% / 8h	2h 21m	$200K	$64K	20x
Short	Gate ZM_USDT	90.900	0	get 0.0000% / 8h	2h 21m	$248K	$135K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.109%: $13.14
Slippage, 4 orders: −$261.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$275.84
Costs to cover: 2.890%
Break-even: never at this rate

Slippage from Bitget: live order book, 18 min ago; Gate: live order book, 20 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, 18 min ago	12.65 bp	50.0 bp −$50	71.4 bp −$714	doesn't fit	doesn't fit
Sell Gate live order book, 20 min ago	14.31 bp	53.4 bp −$53	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
tradeXYZ xyz:ZM	−0.0079%	1h	90.906	+0.029%	$522K	$82K	10x	as long as short
Aster ZMUSDT	0.0000%	8h	90.984	+0.114%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	90.997	+0.129%	$413K	$518K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.870	−0.011%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.820	−0.066%	$167K	$118K	20x	as long as short
Gate ZM_USDTshort	0.0000%	8h	90.900	+0.022%	$248K	$135K	20x
Bitget ZMUSDTlong	0.0000%	8h	90.880	long leg	$200K	$64K	20x
Variational Omni ZM	0.0000%	8h	90.960	+0.088%	$11K	$36K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.980	+0.110%	$1K	$496K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	90.930	+0.055%	$6K	$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	90.970	+0.099%	$1.1M	$6.5M	10x	as long as short
KuCoin ZMUSDTM	+0.0100%	8h	91.050	+0.187%	$70K	$1.5M	20x	as long as short
Polymarket Perps ZM-USD	+0.0213%	1h	91.030	+0.165%	$105K	$391K	10x	as long as short