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: SunX against KuCoin−0.154%7-day average +0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$863as in the Funding arb table

Net, price: spread back to 7d avg − costs−$881as in the Price arb table

costs, in and out, $10k−$8548.537% of the position

Long on KuCoin Short on SunX

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)+0.196%+$20 · spread now −0.154%, 7d avg +0.115%

Together, before fees+0.101%+$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 SunX is 0.269% cheaper against KuCoin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.115%). Swap the legs.

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	1h 53m	$65K	$1.5M	20x
Short	SunX ZM-USDT	91.040	0	get 0.0000% / 8h	1h 53m	$1K	$495K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$21
Price spread: −0.154% → +0.115%: −$26.86
Slippage, 4 orders: −$833.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$901.59
Costs to cover: 8.537%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; SunX: live order book, 8 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, 2 min ago	2.74 bp	419.1 bp −$419	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	46.13 bp	72.7 bp −$73	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	91.113	−0.073%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.060	−0.132%	$413K	$518K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	91.020	−0.175%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	91.030	−0.165%	$167K	$118K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.950	−0.252%	$248K	$132K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.050	−0.143%	$200K	$65K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.949	−0.253%	$11K	$36K	—	as long as short
SunX ZM-USDTshort	0.0000%	8h	91.040	−0.154%	$1K	$495K	10x
HTX ZM-USDT	0.0000%	8h	91.010	−0.186%	$6K	$36K	10x	as long as short
tradeXYZ xyz:ZM	+0.0050%	1h	90.967	−0.234%	$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	−0.121%	$1.1M	$6.9M	10x	as long as short
KuCoin ZMUSDTMlong	+0.0100%	8h	91.180	long leg	$65K	$1.5M	20x
Polymarket Perps ZM-USD	+0.0418%	1h	91.070	−0.121%	$105K	$390K	10x	as long as short