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: Binance against Gate+0.094%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2242.237% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 2 days (all we have)+0.089%+$9 · spread now +0.094%, 7d avg +0.115%

Together, before fees+0.196%+$20 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: Binance is 0.021% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZM_USDT	90.950	0	get 0.0000% / 8h	1h 34m	$248K	$134K	20x
Short	Binance ZMUSDT	91.035	0	get 0.0000% / 8h	1h 34m	$412K	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.115%: −$2.13
Slippage, 4 orders: −$198.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$225.87
Costs to cover: 2.237%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: live order book, 57 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 Gate live order book, 2 min ago	15.40 bp	97.7 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 57 min ago	2.20 bp	24.5 bp −$25	92.1 bp −$921	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
Aster ZMUSDT	0.0000%	8h	91.045	+0.104%	$7K	$598	20x	as long as short
Binance ZMUSDTshort	0.0000%	8h	91.035	+0.094%	$412K	$502K	20x
Bybit ZMUSDT	0.0000%	8h	90.970	+0.022%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.930	−0.022%	$167K	$111K	20x	as long as short
Gate ZM_USDTlong	0.0000%	8h	90.950	long leg	$248K	$134K	20x
Bitget ZMUSDT	0.0000%	8h	91.000	+0.055%	$200K	$64K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.994	+0.048%	$11K	$21K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.990	+0.044%	$773	$489K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.140	+0.209%	$6K	$36K	10x	as long as short
QFEX ZM-USD	+0.0067%	1h	91.000	+0.055%	$1.1M	$7.0M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZM	+0.0077%	1h	90.968	+0.020%	$523K	$76K	10x	as long as short
KuCoin ZMUSDTM	+0.0100%	8h	91.070	+0.132%	$63K	$1.5M	20x	as long as short
Polymarket Perps ZM-USD	+0.0492%	1h	91.070	+0.132%	$105K	$383K	10x	as long as short