Funding you earn now, next payment 08:00 UTC−0.0077%/8h= −8.4% APRpaid last 24h −0.170%
Price spread now: QFEX against KuCoin−0.033%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$480as in the Price arb table
costs, in and out, $10k−$4714.707% of the position
Funding, last 4 days (all we have)+0.124%+$12 on $10k
+Price spread, last 7 days+0.174%+$17 · spread now −0.033%, 7d avg +0.060%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.093% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.060%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.124%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZMUSDTM | 91.180 | 0.0100 | pay 0.0100% / 8h | 4m 31s | $64K | $1.5M | 20x |
| Short | QFEX ZM-USD | 91.150 | 0.0023 | get 0.0003% / 1h | 4m 31s | $1.1M | $7.6M | 10x |
KuCoin ZMUSDTM
QFEX ZM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$16.14
- Price spread: −0.033% → +0.060%
- −$9.26
- Slippage, 4 orders
- −$448.71
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$496.12
- Costs to cover
- 4.707%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 11 min ago; QFEX: live order book, 4 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, 11 min ago | 3.84 bp | 231.1 bp −$231 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 3.84 bp | 12.0 bp −$12 | 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 | 91.211 | +0.034% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDT | 0.0000% | 8h | 91.150 | −0.033% | $412K | $492K | 20x | as long as short |
| Bybit ZMUSDT | 0.0000% | 8h | 91.150 | −0.033% | $95K | $31K | 25x | as long as short |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 91.010 | −0.186% | $167K | $110K | 20x | as long as short |
| Gate ZM_USDT | 0.0000% | 8h | 91.040 | −0.154% | $248K | $131K | 20x | as long as short |
| Bitget ZMUSDT | 0.0000% | 8h | 91.140 | −0.044% | $200K | $64K | 20x | as long as short |
| Variational Omni ZM | 0.0000% | 8h | 91.118 | −0.068% | $12K | $20K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 91.140 | −0.044% | $1K | $491K | 10x | as long as short |
| HTX ZM-USDT | 0.0000% | 8h | 90.980 | −0.219% | $5K | $36K | 10x | as long as short |
| QFEX ZM-USDshort | +0.0023% | 1h | 91.150 | −0.033% | $1.1M | $7.6M | 10x |
Aster ZMUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZMUSDTMlong | +0.0100% | 8h | 91.180 | long leg | $64K | $1.5M | 20x | |
| tradeXYZ xyz:ZM | +0.0471% | 1h | 90.989 | −0.209% | $523K | $68K | 10x | as long as short |
| Polymarket Perps ZM-USD | +0.0584% | 1h | 91.140 | −0.044% | $105K | $383K | 10x | as long as short |
tradeXYZ xyz:ZM
Polymarket Perps ZM-USD