Funding arb · Price arb /

ZM

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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: Aster against SunX+0.210%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.210% dearer against SunX than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZM-USDT	90.860	0	get 0.0000% / 8h	2h 55m	$1K	$500K	10x
Short	Aster ZMUSDT	91.050	0	get 0.0000% / 8h	2h 55m	$7K	$598	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.210%Rate

Funding earned: $0
Price spread: +0.210% → 0.000%: $20.95
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $4.95
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SunX: live order book, 15 min ago; Aster: no order-book sample. 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 SunX live order book, 15 min ago	46.76 bp	75.9 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0145%	1h	90.906	+0.051%	$522K	$81K	10x	as long as short
Aster ZMUSDTshort	0.0000%	8h	91.050	+0.210%	$7K	$598	20x
Binance ZMUSDT	0.0000%	8h	90.880	+0.022%	$412K	$523K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	91.010	+0.165%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.970	+0.121%	$167K	$118K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.840	−0.022%	$246K	$133K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	90.970	+0.121%	$200K	$64K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.874	+0.016%	$11K	$36K	—	as long as short
SunX ZM-USDTlong	0.0000%	8h	90.860	long leg	$1K	$500K	10x
HTX ZM-USDT	0.0000%	8h	91.000	+0.154%	$5K	$35K	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	+0.0023%	1h	90.850	−0.011%	$1.1M	$6.3M	10x	as long as short
Polymarket Perps ZM-USD	+0.0050%	1h	90.960	+0.110%	$105K	$398K	10x	as long as short
KuCoin ZMUSDTM	+0.0100%	8h	91.010	+0.165%	$77K	$1.5M	20x	as long as short