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: OKX against Bybit+0.055%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 7 days+0.036%+$4 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.055% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZMUSDT90.8900get 0.0000% / 8h3h 47m$95K$34K25x
ShortOKX ZM-USDT-SWAP90.9400get 0.0000% / 8h3h 47m$166K$113K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.055% → 0.000%
$5.5
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$15.5
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Bybit: no order-book sample; OKX: live order book, 3 min ago. 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 OKX live order book, 3 min ago10.43 bp92.2 bp −$92doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZMUSDT0.0000%8h90.975+0.094%$7K$59820xas long as short
Binance ZMUSDT0.0000%8h91.000+0.121%$414K$538K20xas long as short
Bybit ZMUSDTlong0.0000%8h90.890long leg$95K$34K25x
OKX ZM-USDT-SWAPshort0.0000%8h90.940+0.055%$166K$113K20x
Gate ZM_USDT0.0000%8h90.940+0.055%$247K$138K20xas long as short
Bitget ZMUSDT0.0000%8h90.990+0.110%$200K$73K20xas long as short
Variational Omni ZM0.0000%8h90.994+0.115%$11K$51Kas long as short
SunX ZM-USDT0.0000%8h90.980+0.099%$883$505K10xas long as short
HTX ZM-USDT0.0000%8h91.020+0.143%$6K$35K10xas long as short
tradeXYZ xyz:ZM+0.0050%1h90.931+0.045%$523K$81K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZMUSDTM+0.0100%8h91.070+0.198%$85K$1.5M20xas long as short
QFEX ZM-USD+0.0160%1h91.000+0.121%$1.1M$6.0M10xas long as short
Polymarket Perps ZM-USD+0.0434%1h91.070+0.198%$99K$392K10xas long as short