Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.081%
Price spread now: Binance against KuCoin+0.117%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$627as in the Funding arb table
Net, price: spread back to 7d avg − costs−$623as in the Price arb table
costs, in and out, $10k−$6296.294% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 2 days (all we have)−0.138%−$14 · spread now +0.117%, 7d avg +0.053%
=The price spread pays, funding is against you. Binance is 0.064% dearer against KuCoin than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.053%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZMUSDTM | 91.040 | 0.0100 | pay 0.0100% / 8h | 7h 40m | $61K | $1.5M | 20x |
| Short | Binance ZMUSDT | 91.147 | 0 | get 0.0000% / 8h | 7h 40m | $411K | $492K | 20x |
KuCoin ZMUSDTM
Binance ZMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$21
- Price spread: +0.117% → +0.053%
- $6.4
- Slippage, 4 orders
- −$607.42
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$644.02
- Costs to cover
- 6.294%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 21 min ago.
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 KuCoin live order book, 5 min ago | 3.29 bp | 364.9 bp −$365 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 21 min ago | 1.10 bp | 23.5 bp −$24 | 91.3 bp −$913 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX ZM-USD | −0.0080% | 1h | 91.140 | +0.110% | $1.1M | $7.8M | 10x | as long as short |
| Aster ZMUSDT | 0.0000% | 8h | 91.157 | +0.128% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDTshort | 0.0000% | 8h | 91.147 | +0.117% | $411K | $492K | 20x | |
| Bybit ZMUSDT | 0.0000% | 8h | 91.150 | +0.121% | $95K | $30K | 25x | as long as short |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 91.020 | −0.022% | $167K | $108K | 20x | as long as short |
| Gate ZM_USDT | 0.0000% | 8h | 91.050 | +0.011% | $248K | $127K | 20x | as long as short |
| Bitget ZMUSDT | 0.0000% | 8h | 91.080 | +0.044% | $200K | $64K | 20x | as long as short |
| Variational Omni ZM | 0.0000% | 8h | 91.190 | +0.165% | $12K | $20K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 91.140 | +0.110% | $1K | $500K | 10x | as long as short |
| HTX ZM-USDT | 0.0000% | 8h | 91.200 | +0.176% | $6K | $36K | 10x | as long as short |
QFEX ZM-USD
Aster ZMUSDT
Bybit ZMUSDT
OKX ZM-USDT-SWAP
Gate ZM_USDT
Bitget ZMUSDT
Variational Omni ZM
SunX ZM-USDT
HTX ZM-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ZM-USD | +0.0050% | 1h | 90.960 | −0.088% | $105K | $383K | 10x | as long as short |
| KuCoin ZMUSDTMlong | +0.0100% | 8h | 91.040 | long leg | $61K | $1.5M | 20x | |
| tradeXYZ xyz:ZM | +0.0759% | 1h | 91.011 | −0.032% | $555K | $88K | 10x | as long as short |
Polymarket Perps ZM-USD
tradeXYZ xyz:ZM