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: KuCoin against OKX+0.176%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$581as in the Funding arb table
Net, price: spread back to 7d avg − costs−$563as in the Price arb table
costs, in and out, $10k−$5875.865% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.176%, 7d avg −0.057%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.233% dearer against OKX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZM-USDT-SWAP | 91.010 | 0 | get 0.0000% / 8h | 2m 58s | $167K | $110K | 20x |
| Short | KuCoin ZMUSDTM | 91.170 | 0.0100 | get 0.0100% / 8h | 2m 58s | $63K | $1.5M | 20x |
OKX ZM-USDT-SWAP
KuCoin ZMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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
- $21
- Price spread: +0.176% → −0.057%
- $23.31
- Slippage, 4 orders
- −$564.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$542.24
- Costs to cover
- 5.865%
- Break-even
- 187.7 days
Slippage from OKX: live order book, 32 min ago; KuCoin: live order book, 3 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 OKX live order book, 32 min ago | 8.78 bp | 25.6 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.29 bp | 211.3 bp −$211 | 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 | 91.179 | +0.186% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDT | 0.0000% | 8h | 91.150 | +0.154% | $412K | $492K | 20x | as long as short |
| Bybit ZMUSDT | 0.0000% | 8h | 91.150 | +0.154% | $95K | $31K | 25x | as long as short |
| OKX ZM-USDT-SWAPlong | 0.0000% | 8h | 91.010 | long leg | $167K | $110K | 20x | |
| Gate ZM_USDT | 0.0000% | 8h | 91.030 | +0.022% | $248K | $131K | 20x | as long as short |
| Bitget ZMUSDT | 0.0000% | 8h | 91.130 | +0.132% | $200K | $64K | 20x | as long as short |
| Variational Omni ZM | 0.0000% | 8h | 91.118 | +0.118% | $12K | $20K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 91.140 | +0.143% | $1K | $490K | 10x | as long as short |
| HTX ZM-USDT | 0.0000% | 8h | 91.110 | +0.110% | $5K | $36K | 10x | as long as short |
| QFEX ZM-USD | +0.0023% | 1h | 91.240 | +0.253% | $1.1M | $7.6M | 10x | as long as short |
Aster ZMUSDT
Binance ZMUSDT
Bybit ZMUSDT
Gate ZM_USDT
Bitget ZMUSDT
Variational Omni ZM
SunX ZM-USDT
HTX ZM-USDT
QFEX ZM-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZMUSDTMshort | +0.0100% | 8h | 91.170 | +0.176% | $63K | $1.5M | 20x | |
| tradeXYZ xyz:ZM | +0.0481% | 1h | 90.990 | −0.022% | $523K | $68K | 10x | as long as short |
| Polymarket Perps ZM-USD | +0.0591% | 1h | 91.150 | +0.154% | $105K | $383K | 10x | as long as short |
tradeXYZ xyz:ZM
Polymarket Perps ZM-USD