Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.081%
Price spread now: KuCoin against Bitget−0.186%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7,543as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7,558as in the Price arb table
costs, in and out, $10k−$7,54975.486% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)+0.391%+$39 · spread now −0.186%, 7d avg −0.091%
=Funding pays, the price is against you. KuCoin is 0.095% cheaper against Bitget than usual: you would sell low and buy high (spread −0.186% now, against its 7-day average of −0.091%). If the spread goes back, that is −$10 on $10k: about 3.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.057% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZMUSDT | 91.480 | 0 | get 0.0000% / 8h | 6h 17m | $202K | $64K | 20x |
| Short | KuCoin ZMUSDTM | 91.310 | 0.0100 | get 0.0100% / 8h | 6h 17m | $59K | $1.5M | 20x |
Bitget ZMUSDT
KuCoin ZMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.186% → −0.091%
- −$9.5
- Slippage, 4 orders
- −$7,524.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$7,537.13
- Costs to cover
- 75.486%
- Break-even
- 2519.4 days
Slippage from Bitget: live order book, 28 min ago; KuCoin: live order book, 6 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, 28 min ago | 27.47 bp | 76.7 bp −$77 | 97.2 bp −$972 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 4.38 bp | 305.7 bp −$306 | doesn't fit | doesn't fit | doesn't fit |
ZM on 13 exchanges
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 | 91.405 | −0.082% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDT | 0.0000% | 8h | 91.500 | +0.022% | $410K | $494K | 20x | as long as short |
| Bybit ZMUSDT | 0.0000% | 8h | 91.380 | −0.109% | $95K | $30K | 25x | as long as short |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 91.400 | −0.087% | $167K | $108K | 20x | as long as short |
| Gate ZM_USDT | 0.0000% | 8h | 91.370 | −0.120% | $248K | $129K | 20x | as long as short |
| Bitget ZMUSDTlong | 0.0000% | 8h | 91.480 | long leg | $202K | $64K | 20x | |
| Variational Omni ZM | 0.0000% | 8h | 91.461 | −0.020% | $12K | $20K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 91.470 | −0.011% | $944 | $514K | 10x | as long as short |
| HTX ZM-USDT | 0.0000% | 8h | 91.470 | −0.011% | $6K | $36K | 10x | as long as short |
| QFEX ZM-USD | +0.0067% | 1h | 91.290 | −0.208% | $1.1M | $8.1M | 10x | as long as short |
Aster ZMUSDT
Binance ZMUSDT
Bybit ZMUSDT
OKX ZM-USDT-SWAP
Gate ZM_USDT
Variational Omni ZM
SunX ZM-USDT
HTX ZM-USDT
QFEX ZM-USDShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ZM-USD | +0.0082% | 1h | 91.110 | −0.404% | $105K | $381K | 10x | as long as short |
| KuCoin ZMUSDTMshort | +0.0100% | 8h | 91.310 | −0.186% | $59K | $1.5M | 20x | |
| tradeXYZ xyz:ZM | +0.1100% | 1h | 91.262 | −0.238% | $612K | $119K | 10x | as long as short |
Polymarket Perps ZM-USD
tradeXYZ xyz:ZM