Funding arb · Price arb /

ZM

RWAall ZM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.143%50s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$277as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2772.770% of the position

Long on Bitget Short on SunX

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)+0.026%+$3 · spread now +0.143%, 7d avg +0.002%

Together, before fees+0.026%+$3 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: SunX is 0.141% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZMUSDT	91.080	0	get 0.0000% / 8h	7h 45m	$200K	$64K	20x
Short	SunX ZM-USDT	91.210	0	get 0.0000% / 8h	7h 45m	$1K	$495K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → +0.002%: $14.1
Slippage, 4 orders: −$257.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$262.92
Costs to cover: 2.770%
Break-even: never at this rate

Slippage from Bitget: live order book, 44 min ago; SunX: live order book, 66 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, 44 min ago	16.47 bp	66.1 bp −$66	77.9 bp −$779	doesn't fit	doesn't fit
Sell SunX live order book, 66 min ago	46.69 bp	71.3 bp −$71	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
QFEX ZM-USD	−0.0080%	1h	91.190	+0.121%	$1.1M	$7.7M	10x	as long as short
Aster ZMUSDT	0.0000%	8h	91.163	+0.091%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.216	+0.150%	$412K	$491K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	91.180	+0.110%	$95K	$31K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	91.020	−0.066%	$167K	$108K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	91.110	+0.033%	$248K	$126K	20x	as long as short
Bitget ZMUSDTlong	0.0000%	8h	91.080	long leg	$200K	$64K	20x
Variational Omni ZM	0.0000%	8h	91.190	+0.121%	$12K	$20K	—	as long as short
SunX ZM-USDTshort	0.0000%	8h	91.210	+0.143%	$1K	$495K	10x
HTX ZM-USDT	0.0000%	8h	91.190	+0.121%	$6K	$36K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ZM-USD	+0.0050%	1h	90.960	−0.132%	$105K	$383K	10x	as long as short
KuCoin ZMUSDTM	+0.0100%	8h	91.100	+0.022%	$61K	$1.5M	20x	as long as short
tradeXYZ xyz:ZM	+0.0754%	1h	91.071	−0.010%	$555K	$88K	10x	as long as short