ZM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0175%/8h= −19.2% APRnext payment −$0.22 per $10,000 · paid last 24h +0.062%

Price spread now: tradeXYZ against QFEX−0.040%49s7-day average −0.087% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.040%, 7d avg −0.087%

Together, before fees+0.008%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.047% dearer against QFEX than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.087%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 4 days (−0.023% in total) that is about 7.1 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ZM-USD	90.920	0.0320	pay 0.0040% / 1h	47m 51s	$1.1M	$4.9M	10x
Short	tradeXYZ xyz:ZM	90.884	0.0145	get 0.0018% / 1h	47m 51s	$524K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 QFEXbpFee tradeXYZbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$36.73
Price spread: −0.040% → −0.087%: $4.71
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$60.02
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 6 min ago; tradeXYZ: live order book, 58 min ago. Net counts fees only.

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, 6 min ago	103.82 bp	111.6 bp −$112	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 58 min ago	6.72 bp	48.1 bp −$48	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
KuCoin ZMUSDTM	−0.0280%	8h	90.950	+0.033%	$88K	$1.5M	20x	as long as short
Aster ZMUSDT	0.0000%	8h	90.989	+0.076%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	90.880	−0.044%	$412K	$546K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.840	−0.088%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.870	−0.055%	$166K	$113K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.880	−0.044%	$246K	$150K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	90.940	+0.022%	$200K	$73K	20x	as long as short
Variational Omni ZM	0.0000%	8h	91.032	+0.123%	$11K	$52K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.910	−0.011%	$1K	$509K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.040	+0.132%	$6K	$36K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZMshort	+0.0145%	1h	90.884	−0.040%	$524K	$82K	10x
QFEX ZM-USDlong	+0.0320%	1h	90.920	long leg	$1.1M	$4.9M	10x
Polymarket Perps ZM-USD	+0.0483%	1h	90.960	+0.044%	$99K	$392K	10x	as long as short