ZM

Alert: funding

Alert: spread

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 SunX+0.088%7-day average −0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$731as in the Funding arb table

Net, price: spread back to 7d avg − costs−$720as in the Price arb table

costs, in and out, $10k−$7407.402% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.088%, 7d avg −0.113%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.201% dearer against SunX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZM-USDT	91.040	0	get 0.0000% / 8h	1h 28m	$961	$489K	10x
Short	KuCoin ZMUSDTM	91.120	0.0100	get 0.0100% / 8h	1h 28m	$63K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.088%Rate

Funding earned: $21
Price spread: +0.088% → −0.113%: $20.09
Slippage, 4 orders: −$720.24
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$699.15
Costs to cover: 7.402%
Break-even: 240.0 days

Slippage from SunX: live order book, 32 min ago; KuCoin: 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 SunX live order book, 32 min ago	46.13 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	3.29 bp	287.3 bp −$287	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	91.060	+0.022%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.040	0.000%	$412K	$503K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.980	−0.066%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.930	−0.121%	$167K	$111K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.970	−0.077%	$248K	$134K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	90.800	−0.264%	$200K	$64K	20x	as long as short
Variational Omni ZM	0.0000%	8h	91.034	−0.007%	$11K	$21K	—	as long as short
SunX ZM-USDTlong	0.0000%	8h	91.040	long leg	$961	$489K	10x
HTX ZM-USDT	0.0000%	8h	91.050	+0.011%	$5K	$36K	10x	as long as short
QFEX ZM-USD	+0.0067%	1h	91.040	0.000%	$1.1M	$7.0M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZMUSDTMshort	+0.0100%	8h	91.120	+0.088%	$63K	$1.5M	20x
tradeXYZ xyz:ZM	+0.0112%	1h	90.969	−0.078%	$523K	$76K	10x	as long as short
Polymarket Perps ZM-USD	+0.0511%	1h	91.090	+0.055%	$105K	$383K	10x	as long as short