Funding arb · Price arb /

ZM

RWAall ZM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against OKX−0.088%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2292.289% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.088%, 7d avg +0.037%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.125% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZM-USDT-SWAP	91.030	0	get 0.0000% / 8h	1h 53m	$167K	$118K	20x
Short	SunX ZM-USDT	90.950	0	get 0.0000% / 8h	1h 53m	$1K	$493K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → +0.037%: −$12.47
Slippage, 4 orders: −$210.92
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$241.38
Costs to cover: 2.289%
Break-even: never at this rate

Slippage from OKX: live order book, 51 min ago; SunX: live order book, 7 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, 51 min ago	7.69 bp	26.7 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 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	91.102	+0.079%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.060	+0.033%	$413K	$518K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.980	−0.055%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAPlong	0.0000%	8h	91.030	long leg	$167K	$118K	20x
Gate ZM_USDT	0.0000%	8h	90.950	−0.088%	$248K	$132K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.050	+0.022%	$200K	$65K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.949	−0.089%	$11K	$36K	—	as long as short
SunX ZM-USDTshort	0.0000%	8h	90.950	−0.088%	$1K	$493K	10x
HTX ZM-USDT	0.0000%	8h	91.010	−0.022%	$6K	$36K	10x	as long as short
tradeXYZ xyz:ZM	+0.0050%	1h	90.963	−0.074%	$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	+0.044%	$1.1M	$6.9M	10x	as long as short
KuCoin ZMUSDTM	+0.0100%	8h	91.170	+0.154%	$66K	$1.5M	20x	as long as short
Polymarket Perps ZM-USD	+0.0394%	1h	91.060	+0.033%	$105K	$390K	10x	as long as short