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: SunX against Gate−0.022%7-day average +0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2672.675% of the position

Long on Gate 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)+0.089%+$9 · spread now −0.022%, 7d avg +0.124%

Together, before fees+0.089%+$9 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 0.146% cheaper against Gate than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.124%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZM_USDT	90.880	0	get 0.0000% / 8h	2h 51m	$246K	$133K	20x
Short	SunX ZM-USDT	90.860	0	get 0.0000% / 8h	2h 51m	$1K	$500K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.124%: −$14.55
Slippage, 4 orders: −$244.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$282.01
Costs to cover: 2.675%
Break-even: never at this rate

Slippage from Gate: live order book, 55 min ago; SunX: live order book, 20 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, 55 min ago	2.75 bp	59.0 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 20 min ago	46.76 bp	83.0 bp −$83	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
tradeXYZ xyz:ZM	−0.0139%	1h	90.906	+0.029%	$522K	$82K	10x	as long as short
Aster ZMUSDT	0.0000%	8h	90.928	+0.053%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	90.984	+0.114%	$412K	$517K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.900	+0.022%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.960	+0.088%	$167K	$118K	20x	as long as short
Gate ZM_USDTlong	0.0000%	8h	90.880	long leg	$246K	$133K	20x
Bitget ZMUSDT	0.0000%	8h	91.000	+0.132%	$200K	$64K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.874	−0.006%	$11K	$36K	—	as long as short
SunX ZM-USDTshort	0.0000%	8h	90.860	−0.022%	$1K	$500K	10x
HTX ZM-USDT	0.0000%	8h	91.060	+0.198%	$6K	$35K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX ZM-USD	+0.0023%	1h	90.920	+0.044%	$1.1M	$6.4M	10x	as long as short
Polymarket Perps ZM-USD	+0.0050%	1h	90.990	+0.121%	$105K	$391K	10x	as long as short
KuCoin ZMUSDTM	+0.0100%	8h	90.970	+0.099%	$75K	$1.5M	20x	as long as short