Funding you earn now, next payment 11:00 UTC−0.1510%/8h= −165.3% APRpaid last 24h −0.098%
Price spread now: Bitget against tradeXYZ+0.141%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2452.452% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.196%−$20 · spread now +0.141%, 7d avg +0.086%
=Together, before fees−0.274%+ Points / potential airdroptradeXYZ: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.054% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of +0.086%): +$5 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.078% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:ZM | 91.681 | 0.1510 | pay 0.0189% / 1h | 2m 07s | $615K | $120K | 10x |
| Short | Bitget ZMUSDT | 91.810 | 0 | get 0.0000% / 8h | 5h 02m | $203K | $64K | 20x |
tradeXYZ xyz:ZM
Bitget ZMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against tradeXYZ. 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
- −$317.08
- Price spread: +0.141% → +0.086%
- $5.45
- Slippage, 4 orders
- −$215.19
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$556.83
- Costs to cover
- 2.452%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 37 min ago; Bitget: live order book, 35 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 tradeXYZ live order book, 37 min ago | 8.91 bp | 54.0 bp −$54 | 76.0 bp −$760 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 35 min ago | 16.39 bp | 110.9 bp −$111 | 184.8 bp −$1,848 | doesn't fit | doesn't fit |
ZM on 13 exchanges
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 | 91.773 | +0.100% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDT | 0.0000% | 8h | 91.776 | +0.103% | $412K | $500K | 20x | as long as short |
| Bybit ZMUSDT | 0.0000% | 8h | 91.810 | +0.141% | $95K | $31K | 25x | as long as short |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 91.540 | −0.154% | $167K | $107K | 20x | as long as short |
| Gate ZM_USDT | 0.0000% | 8h | 91.670 | −0.012% | $249K | $129K | 20x | as long as short |
| Bitget ZMUSDTshort | 0.0000% | 8h | 91.810 | +0.141% | $203K | $64K | 20x | |
| Variational Omni ZM | 0.0000% | 8h | 91.716 | +0.038% | $12K | $20K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 91.770 | +0.097% | $2K | $518K | 10x | as long as short |
| HTX ZM-USDT | 0.0000% | 8h | 91.720 | +0.043% | $6K | $37K | 10x | as long as short |
| QFEX ZM-USD | +0.0080% | 1h | 91.730 | +0.053% | $1.1M | $8.5M | 10x | as long as short |
Aster ZMUSDT
Binance ZMUSDT
Bybit ZMUSDT
OKX ZM-USDT-SWAP
Gate ZM_USDT
Variational Omni ZM
SunX ZM-USDT
HTX ZM-USDT
QFEX ZM-USDShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZMUSDTM | +0.0100% | 8h | 91.610 | −0.077% | $62K | $1.5M | 20x | as long as short |
| tradeXYZ xyz:ZMlong | +0.1510% | 1h | 91.681 | long leg | $615K | $120K | 10x | |
| Polymarket Perps ZM-USD | +0.1668% | 1h | 91.800 | +0.130% | $106K | $377K | 10x | as long as short |
KuCoin ZMUSDTM
Polymarket Perps ZM-USD