ZM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.190%

Price spread now: Gate against KuCoin−0.132%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$746as in the Funding arb table

Net, price: spread back to 7d avg − costs−$749as in the Price arb table

costs, in and out, $10k−$7377.369% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.132%, 7d avg −0.015%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.117% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZMUSDTM	91.060	0.0100	pay 0.0100% / 8h	3h 47m	$84K	$1.5M	20x
Short	Gate ZM_USDT	90.940	0	get 0.0000% / 8h	3h 47m	$247K	$138K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.132%Rate

Funding earned: −$21
Price spread: −0.132% → −0.015%: −$11.68
Slippage, 4 orders: −$709.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$769.61
Costs to cover: 7.369%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 64 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, 3 min ago	3.29 bp	293.8 bp −$294	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 64 min ago	14.85 bp	70.1 bp −$70	doesn't fit	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
Aster ZMUSDT	0.0000%	8h	90.973	−0.095%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.000	−0.066%	$414K	$538K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.900	−0.176%	$95K	$34K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.940	−0.132%	$166K	$113K	20x	as long as short
Gate ZM_USDTshort	0.0000%	8h	90.940	−0.132%	$247K	$138K	20x
Bitget ZMUSDT	0.0000%	8h	90.980	−0.088%	$200K	$73K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.994	−0.072%	$11K	$51K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.980	−0.088%	$883	$505K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.020	−0.044%	$6K	$35K	10x	as long as short
tradeXYZ xyz:ZM	+0.0050%	1h	90.931	−0.142%	$523K	$81K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZMUSDTMlong	+0.0100%	8h	91.060	long leg	$84K	$1.5M	20x
QFEX ZM-USD	+0.0160%	1h	91.000	−0.066%	$1.1M	$6.0M	10x	as long as short
Polymarket Perps ZM-USD	+0.0434%	1h	91.070	+0.011%	$99K	$392K	10x	as long as short