ZM

Alert: funding

Alert: spread

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: Bitget against KuCoin+0.186%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$7,554as in the Funding arb table

Net, price: spread back to 7d avg − costs−$7,539as in the Price arb table

costs, in and out, $10k−$7,54975.486% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.186%, 7d avg +0.091%

Together, before fees−0.448%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.095% dearer against KuCoin than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of +0.091%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.057% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZMUSDTM	91.310	0.0100	pay 0.0100% / 8h	6h 17m	$59K	$1.5M	20x
Short	Bitget ZMUSDT	91.480	0	get 0.0000% / 8h	6h 17m	$202K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.186%Rate

Funding earned: −$21
Price spread: +0.186% → +0.091%: $9.54
Slippage, 4 orders: −$7,524.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$7,560.09
Costs to cover: 75.486%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 28 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, 6 min ago	4.38 bp	7131.7 bp −$7,132	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 28 min ago	27.47 bp	34.6 bp −$35	50.5 bp −$505	doesn't fit	doesn't fit

ZM on 13 exchanges

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
Aster ZMUSDT	0.0000%	8h	91.405	+0.104%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.500	+0.208%	$410K	$494K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	91.380	+0.077%	$95K	$30K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	91.400	+0.099%	$167K	$108K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	91.370	+0.066%	$248K	$129K	20x	as long as short
Bitget ZMUSDTshort	0.0000%	8h	91.480	+0.186%	$202K	$64K	20x
Variational Omni ZM	0.0000%	8h	91.461	+0.166%	$12K	$20K	—	as long as short
SunX ZM-USDT	0.0000%	8h	91.470	+0.175%	$944	$514K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.470	+0.175%	$6K	$36K	10x	as long as short
QFEX ZM-USD	+0.0067%	1h	91.290	−0.022%	$1.1M	$8.1M	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ZM-USD	+0.0082%	1h	91.110	−0.219%	$105K	$381K	10x	as long as short
KuCoin ZMUSDTMlong	+0.0100%	8h	91.310	long leg	$59K	$1.5M	20x
tradeXYZ xyz:ZM	+0.1100%	1h	91.262	−0.053%	$612K	$119K	10x	as long as short