Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.059%
Price spread now: Bybit against tradeXYZ+0.054%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Bybit is 0.054% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.034% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:ZM | 90.971 | 0.0050 | pay 0.0006% / 1h | 52m 45s | $523K | $80K | 10x |
| Short | Bybit ZMUSDT | 91.020 | 0 | get 0.0000% / 8h | 1h 52m | $95K | $33K | 25x |
tradeXYZ xyz:ZM
Bybit ZMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$10.5
- Price spread: +0.054% → 0.000%
- $5.39
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$34.11
- Costs to cover
- 0.290%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 14 min ago; Bybit: 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 tradeXYZ live order book, 14 min ago | 7.48 bp | 31.8 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit no order-book sample | — | — | — | — | — |
Bybit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZMUSDT | 0.0000% | 8h | 91.112 | +0.155% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDT | 0.0000% | 8h | 91.060 | +0.098% | $413K | $518K | 20x | as long as short |
| Bybit ZMUSDTshort | 0.0000% | 8h | 91.020 | +0.054% | $95K | $33K | 25x | |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 91.030 | +0.065% | $167K | $118K | 20x | as long as short |
| Gate ZM_USDT | 0.0000% | 8h | 90.950 | −0.023% | $248K | $132K | 20x | as long as short |
| Bitget ZMUSDT | 0.0000% | 8h | 91.050 | +0.087% | $200K | $65K | 20x | as long as short |
| Variational Omni ZM | 0.0000% | 8h | 90.949 | −0.024% | $11K | $36K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 91.040 | +0.076% | $1K | $495K | 10x | as long as short |
| HTX ZM-USDT | 0.0000% | 8h | 91.010 | +0.043% | $6K | $36K | 10x | as long as short |
| tradeXYZ xyz:ZMlong | +0.0050% | 1h | 90.971 | long leg | $523K | $80K | 10x |
Aster ZMUSDT
Binance ZMUSDT
OKX ZM-USDT-SWAP
Gate ZM_USDT
Bitget ZMUSDT
Variational Omni ZM
SunX ZM-USDT
HTX ZM-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX ZM-USD | +0.0067% | 1h | 91.070 | +0.109% | $1.1M | $6.9M | 10x | as long as short |
| KuCoin ZMUSDTM | +0.0100% | 8h | 91.170 | +0.219% | $65K | $1.5M | 20x | as long as short |
| Polymarket Perps ZM-USD | +0.0418% | 1h | 91.070 | +0.109% | $105K | $390K | 10x | as long as short |
QFEX ZM-USD
KuCoin ZMUSDTM
Polymarket Perps ZM-USD