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

ZM

RWAall ZM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.190%
Price spread now: KuCoin against HTX+0.264%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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.264% dearer against HTX than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ZM-USDT90.9400get 0.0000% / 8h1h 54m$5K$36K10x
ShortKuCoin ZMUSDTM91.1800.0100get 0.0100% / 8h1h 54m$70K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$21
Price spread: +0.264% → 0.000%
$26.39
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$23.39
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 11 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 HTX no order-book sample
Sell KuCoin live order book, 11 min ago2.19 bp270.7 bp −$271doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZMUSDT0.0000%8h91.103+0.179%$7K$59820xas long as short
Binance ZMUSDT0.0000%8h91.060+0.132%$413K$518K20xas long as short
Bybit ZMUSDT0.0000%8h90.970+0.033%$95K$33K25xas long as short
OKX ZM-USDT-SWAP0.0000%8h91.030+0.099%$167K$118K20xas long as short
Gate ZM_USDT0.0000%8h90.950+0.011%$248K$132K20xas long as short
Bitget ZMUSDT0.0000%8h91.040+0.110%$200K$65K20xas long as short
Variational Omni ZM0.0000%8h90.949+0.010%$11K$36Kas long as short
SunX ZM-USDT0.0000%8h90.950+0.011%$1K$494K10xas long as short
HTX ZM-USDTlong0.0000%8h90.940long leg$5K$36K10x
tradeXYZ xyz:ZM+0.0050%1h90.957+0.019%$523K$80K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX ZM-USD+0.0067%1h91.070+0.143%$1.1M$6.9M10xas long as short
KuCoin ZMUSDTMshort+0.0100%8h91.180+0.264%$70K$1.5M20x
Polymarket Perps ZM-USD+0.0394%1h91.060+0.132%$105K$390K10xas long as short