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

ZM

RWAall ZM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against HTX+0.110%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.110% dearer against HTX than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ZM-USDT91.0100get 0.0000% / 8h7h 55m$5K$36K10x
ShortBybit ZMUSDT91.1100get 0.0000% / 8h7h 55m$95K$31K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.110% → 0.000%
$10.99
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$12.01
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; Bybit: 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 HTX no order-book sample
Sell Bybit no order-book sample
HTX and 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
QFEX ZM-USD−0.0080%1h90.790−0.242%$1.2M$7.7M10xas long as short
Aster ZMUSDT0.0000%8h91.115+0.115%$7K$59820xas long as short
Binance ZMUSDT0.0000%8h91.050+0.044%$411K$494K20xas long as short
Bybit ZMUSDTshort0.0000%8h91.110+0.110%$95K$31K25x
OKX ZM-USDT-SWAP0.0000%8h91.020+0.011%$167K$110K20xas long as short
Gate ZM_USDT0.0000%8h90.950−0.066%$248K$126K20xas long as short
Bitget ZMUSDT0.0000%8h91.070+0.066%$200K$64K20xas long as short
Variational Omni ZM0.0000%8h91.026+0.017%$12K$20Kas long as short
SunX ZM-USDT0.0000%8h91.040+0.033%$948$491K10xas long as short
HTX ZM-USDTlong0.0000%8h91.010long leg$5K$36K10x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps ZM-USD+0.0050%1h90.940−0.077%$105K$383K10xas long as short
KuCoin ZMUSDTM+0.0100%8h91.060+0.055%$62K$1.5M20xas long as short
tradeXYZ xyz:ZM+0.0576%1h90.991−0.021%$522K$68K10xas long as short