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: Bybit against KuCoin+0.088%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

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

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Bybit is 0.088% dearer against KuCoin than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.057% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZMUSDTM	91.080	0.0100	pay 0.0100% / 8h	7h 43m	$61K	$1.5M	20x
Short	Bybit ZMUSDT	91.160	0	get 0.0000% / 8h	7h 43m	$95K	$30K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$21
Price spread: +0.088% → 0.000%: $8.78
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.22
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Bybit: 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 KuCoin live order book, 2 min ago	3.29 bp	364.9 bp −$365	doesn't fit	doesn't fit	doesn't fit
Sell Bybit no order-book sample	—	—	—	—	—

Bybit: 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
QFEX ZM-USD	−0.0080%	1h	91.170	+0.099%	$1.1M	$7.8M	10x	as long as short
Aster ZMUSDT	0.0000%	8h	91.168	+0.097%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.145	+0.071%	$411K	$492K	20x	as long as short
Bybit ZMUSDTshort	0.0000%	8h	91.160	+0.088%	$95K	$30K	25x
OKX ZM-USDT-SWAP	0.0000%	8h	91.020	−0.066%	$167K	$108K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	91.060	−0.022%	$248K	$127K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.080	0.000%	$200K	$64K	20x	as long as short
Variational Omni ZM	0.0000%	8h	91.190	+0.121%	$12K	$20K	—	as long as short
SunX ZM-USDT	0.0000%	8h	91.230	+0.165%	$1K	$497K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.320	+0.264%	$6K	$36K	10x	as long as short

Show 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	−0.132%	$105K	$383K	10x	as long as short
KuCoin ZMUSDTMlong	+0.0100%	8h	91.080	long leg	$61K	$1.5M	20x
tradeXYZ xyz:ZM	+0.0764%	1h	91.011	−0.076%	$555K	$88K	10x	as long as short