Funding you earn now, next payment 04:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.014%
Price spread now: Binance against QFEX+0.053%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$760.761% of the position
Funding, last 4 days (all we have)−0.018%−$2 on $10k
+Price spread, last 2 days (all we have)−0.039%−$4 · spread now +0.053%, 7d avg +0.017%
=The price spread pays, funding is against you. Binance is 0.036% dearer against QFEX than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of +0.017%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 4 days (−0.018% in total) that is about 7.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX ZM-USD | 90.940 | 0.0160 | pay 0.0020% / 1h | 55m 25s | $1.1M | $5.4M | 10x |
| Short | Binance ZMUSDT | 90.988 | 0 | get 0.0000% / 8h | 4h 55m | $414K | $548K | 20x |
QFEX ZM-USD
Binance ZMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- −$33.6
- Price spread: +0.053% → +0.017%
- $3.58
- Slippage, 4 orders
- −$56.06
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$106.07
- Costs to cover
- 0.761%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 6 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 QFEX live order book, 3 min ago | 3.30 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.65 bp | 26.0 bp −$26 | 136.1 bp −$1,361 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZM | −0.0250% | 1h | 90.864 | −0.084% | $524K | $80K | 10x | as long as short |
| KuCoin ZMUSDTM | −0.0165% | 8h | 90.890 | −0.055% | $90K | $1.5M | 20x | as long as short |
| Aster ZMUSDT | 0.0000% | 8h | 90.923 | −0.019% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDTshort | 0.0000% | 8h | 90.988 | +0.053% | $414K | $548K | 20x | |
| Bybit ZMUSDT | 0.0000% | 8h | 91.000 | +0.066% | $95K | $34K | 25x | as long as short |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 90.860 | −0.088% | $166K | $113K | 20x | as long as short |
| Gate ZM_USDT | 0.0000% | 8h | 90.850 | −0.099% | $246K | $142K | 20x | as long as short |
| Bitget ZMUSDT | 0.0000% | 8h | 90.990 | +0.055% | $200K | $73K | 20x | as long as short |
| Variational Omni ZM | 0.0000% | 8h | 90.945 | +0.005% | $11K | $52K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 90.950 | +0.011% | $1K | $509K | 10x | as long as short |
tradeXYZ xyz:ZM
KuCoin ZMUSDTM
Aster ZMUSDT
Bybit ZMUSDT
OKX ZM-USDT-SWAP
Gate ZM_USDT
Bitget ZMUSDT
Variational Omni ZM
SunX ZM-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ZM-USDT | 0.0000% | 8h | 91.020 | +0.088% | $6K | $36K | 10x | as long as short |
| Polymarket Perps ZM-USD | +0.0050% | 1h | 90.990 | +0.055% | $99K | $392K | 10x | as long as short |
| QFEX ZM-USDlong | +0.0160% | 1h | 90.940 | long leg | $1.1M | $5.4M | 10x |
HTX ZM-USDT
Polymarket Perps ZM-USD