Settings8H · net · $10k
Funding arb · Price arb /

ZM

RWAall ZM markets
SwapBacktest
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: HTX against Bybit+0.011%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZMUSDT90.9900get 0.0000% / 8h1h 18m$95K$33K25x
ShortHTX ZM-USDT91.0000get 0.0000% / 8h1h 18m$6K$36K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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

Funding earned
$0
Price spread: +0.011% → 0.000%
$1.1
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$21.9
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Bybit: no order-book sample; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit no order-book sample
Sell HTX no order-book sample
Bybit and HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZMUSDT0.0000%8h91.063+0.080%$7K$59820xas long as short
Binance ZMUSDT0.0000%8h91.042+0.057%$412K$506K20xas long as short
Bybit ZMUSDTlong0.0000%8h90.990long leg$95K$33K25x
OKX ZM-USDT-SWAP0.0000%8h90.930−0.066%$167K$111K20xas long as short
Gate ZM_USDT0.0000%8h90.960−0.033%$248K$134K20xas long as short
Bitget ZMUSDT0.0000%8h91.000+0.011%$200K$64K20xas long as short
Variational Omni ZM0.0000%8h91.044+0.059%$12K$22Kas long as short
SunX ZM-USDT0.0000%8h91.050+0.066%$1K$491K10xas long as short
HTX ZM-USDTshort0.0000%8h91.000+0.011%$6K$36K10x
QFEX ZM-USD+0.0067%1h91.050+0.066%$1.1M$7.1M10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZMUSDTM+0.0100%8h91.110+0.132%$63K$1.5M20xas long as short
tradeXYZ xyz:ZM+0.0160%1h91.009+0.021%$523K$76K10xas long as short
Polymarket Perps ZM-USD+0.0548%1h91.080+0.099%$105K$383K10xas long as short