Funding you earn now, next payment 04:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h +0.076%
Price spread now: tradeXYZ against HTX−0.171%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and tradeXYZ is 0.171% cheaper against HTX than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | 91.020 | 0 | get 0.0000% / 8h | 4h 55m | $6K | $36K | 10x |
| Short | tradeXYZ xyz:ZM | 90.864 | −0.0250 | pay 0.0031% / 1h | 55m 24s | $524K | $80K | 10x |
HTX ZM-USDT
tradeXYZ xyz:ZMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$52.57
- Price spread: −0.171% → 0.000%
- −$17.14
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$99.71
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 41 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 tradeXYZ live order book, 41 min ago | 14.09 bp | 34.6 bp −$35 | 107.8 bp −$1,078 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZMshort | −0.0250% | 1h | 90.864 | −0.171% | $524K | $80K | 10x | |
| KuCoin ZMUSDTM | −0.0165% | 8h | 90.890 | −0.143% | $90K | $1.5M | 20x | as long as short |
| Aster ZMUSDT | 0.0000% | 8h | 90.923 | −0.107% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDT | 0.0000% | 8h | 90.988 | −0.035% | $414K | $548K | 20x | as long as short |
| Bybit ZMUSDT | 0.0000% | 8h | 91.000 | −0.022% | $95K | $34K | 25x | as long as short |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 90.860 | −0.176% | $166K | $113K | 20x | as long as short |
| Gate ZM_USDT | 0.0000% | 8h | 90.850 | −0.187% | $246K | $142K | 20x | as long as short |
| Bitget ZMUSDT | 0.0000% | 8h | 90.990 | −0.033% | $200K | $73K | 20x | as long as short |
| Variational Omni ZM | 0.0000% | 8h | 90.945 | −0.082% | $11K | $52K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 90.950 | −0.077% | $1K | $509K | 10x | as long as short |
KuCoin ZMUSDTM
Aster ZMUSDT
Binance ZMUSDT
Bybit ZMUSDT
OKX ZM-USDT-SWAP
Gate ZM_USDT
Bitget ZMUSDT
Variational Omni ZM
SunX ZM-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ZM-USDTlong | 0.0000% | 8h | 91.020 | long leg | $6K | $36K | 10x | |
| Polymarket Perps ZM-USD | +0.0050% | 1h | 90.990 | −0.033% | $99K | $392K | 10x | as long as short |
| QFEX ZM-USD | +0.0160% | 1h | 90.940 | −0.088% | $1.1M | $5.4M | 10x | as long as short |
Polymarket Perps ZM-USD
QFEX ZM-USD