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: OKX against KuCoin−0.154%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$815as in the Funding arb table

Net, price: spread back to 7d avg − costs−$830as in the Price arb table

costs, in and out, $10k−$8098.087% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.154%, 7d avg +0.061%

Together, before fees−0.097%−$10 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 OKX is 0.215% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZMUSDTM	91.170	0.0100	pay 0.0100% / 8h	1h 52m	$65K	$1.5M	20x
Short	OKX ZM-USDT-SWAP	91.030	0	get 0.0000% / 8h	1h 52m	$167K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$21
Price spread: −0.154% → +0.061%: −$21.49
Slippage, 4 orders: −$786.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$851.17
Costs to cover: 8.087%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 52 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	2.74 bp	419.1 bp −$419	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 52 min ago	7.69 bp	65.3 bp −$65	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	91.112	−0.064%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.060	−0.121%	$413K	$518K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	91.020	−0.165%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAPshort	0.0000%	8h	91.030	−0.154%	$167K	$118K	20x
Gate ZM_USDT	0.0000%	8h	90.950	−0.241%	$248K	$132K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.050	−0.132%	$200K	$65K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.949	−0.242%	$11K	$36K	—	as long as short
SunX ZM-USDT	0.0000%	8h	91.040	−0.143%	$1K	$495K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.010	−0.175%	$6K	$36K	10x	as long as short
tradeXYZ xyz:ZM	+0.0050%	1h	90.971	−0.218%	$523K	$80K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX ZM-USD	+0.0067%	1h	91.070	−0.110%	$1.1M	$6.9M	10x	as long as short
KuCoin ZMUSDTMlong	+0.0100%	8h	91.170	long leg	$65K	$1.5M	20x
Polymarket Perps ZM-USD	+0.0418%	1h	91.070	−0.110%	$105K	$390K	10x	as long as short