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 HTX−0.044%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.044% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	HTX ZM-USDT	91.060	0	get 0.0000% / 8h	40m 21s	$6K	$36K	10x
Short	Binance ZMUSDT	91.020	0	get 0.0000% / 8h	40m 21s	$411K	$505K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → 0.000%: −$4.44
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.44
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Binance: live order book, 37 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Binance live order book, 37 min ago	2.75 bp	26.8 bp −$27	92.9 bp −$929	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZMUSDT	0.0000%	8h	91.013	−0.051%	$7K	$598	20x	as long as short
Binance ZMUSDTshort	0.0000%	8h	91.020	−0.044%	$411K	$505K	20x
Bybit ZMUSDT	0.0000%	8h	90.970	−0.099%	$95K	$32K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	91.010	−0.055%	$167K	$111K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.920	−0.154%	$248K	$129K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.060	0.000%	$200K	$64K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.997	−0.069%	$12K	$22K	—	as long as short
SunX ZM-USDT	0.0000%	8h	91.010	−0.055%	$1K	$494K	10x	as long as short
HTX ZM-USDTlong	0.0000%	8h	91.060	long leg	$6K	$36K	10x
QFEX ZM-USD	+0.0023%	1h	91.030	−0.033%	$1.1M	$7.3M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZMUSDTM	+0.0100%	8h	90.990	−0.077%	$63K	$1.5M	20x	as long as short
tradeXYZ xyz:ZM	+0.0419%	1h	91.012	−0.053%	$523K	$76K	10x	as long as short
Polymarket Perps ZM-USD	+0.0533%	1h	91.070	+0.011%	$105K	$383K	10x	as long as short