Funding arb · Price arb /

ZM

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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: Variational Omni against HTX+0.131%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.131% dearer against HTX than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZM-USDT	90.740	0	get 0.0000% / 8h	2h 59m	$6K	$35K	10x
Short	Variational Omni ZM	90.859	0	get 0.0000% / 8h	2h 59m	$11K	$36K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → 0.000%: $13.13
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.13
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Variational Omni: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

HTX and Variational Omni: 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:ZM	−0.0074%	1h	90.906	+0.183%	$522K	$81K	10x	as long as short
Aster ZMUSDT	0.0000%	8h	91.042	+0.333%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	90.874	+0.147%	$413K	$537K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.910	+0.187%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.820	+0.088%	$165K	$116K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.810	+0.077%	$246K	$140K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.000	+0.287%	$200K	$64K	20x	as long as short
Variational Omni ZMshort	0.0000%	8h	90.859	+0.131%	$11K	$36K	—
SunX ZM-USDT	0.0000%	8h	90.840	+0.110%	$995	$492K	10x	as long as short
HTX ZM-USDTlong	0.0000%	8h	90.740	long leg	$6K	$35K	10x

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	+0.276%	$87K	$1.5M	20x	as long as short
Polymarket Perps ZM-USD	+0.0104%	1h	90.940	+0.220%	$99K	$391K	10x	as long as short
QFEX ZM-USD	+0.0160%	1h	90.840	+0.110%	$1.1M	$6.3M	10x	as long as short