Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.059%
Price spread now: Gate against tradeXYZ−0.021%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$192as in the Price arb table
costs, in and out, $10k−$1921.925% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.021%, 7d avg −0.021%
=Together, before fees−0.014%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:ZM | 90.969 | 0.0050 | pay 0.0006% / 1h | 52m 55s | $523K | $80K | 10x |
| Short | Gate ZM_USDT | 90.950 | 0 | get 0.0000% / 8h | 1h 52m | $248K | $132K | 20x |
tradeXYZ xyz:ZM
Gate ZM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.021% → −0.021%
- $0.06
- Slippage, 4 orders
- −$159.49
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$202.93
- Costs to cover
- 1.925%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 13 min ago; Gate: live order book, 49 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, 13 min ago | 7.48 bp | 31.8 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 49 min ago | 14.31 bp | 53.4 bp −$53 | 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 | 91.114 | +0.160% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDT | 0.0000% | 8h | 91.060 | +0.100% | $413K | $518K | 20x | as long as short |
| Bybit ZMUSDT | 0.0000% | 8h | 91.020 | +0.056% | $95K | $33K | 25x | as long as short |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 91.030 | +0.067% | $167K | $118K | 20x | as long as short |
| Gate ZM_USDTshort | 0.0000% | 8h | 90.950 | −0.021% | $248K | $132K | 20x | |
| Bitget ZMUSDT | 0.0000% | 8h | 91.050 | +0.089% | $200K | $65K | 20x | as long as short |
| Variational Omni ZM | 0.0000% | 8h | 90.949 | −0.022% | $11K | $36K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 91.040 | +0.078% | $1K | $495K | 10x | as long as short |
| HTX ZM-USDT | 0.0000% | 8h | 91.010 | +0.045% | $6K | $36K | 10x | as long as short |
| tradeXYZ xyz:ZMlong | +0.0050% | 1h | 90.969 | long leg | $523K | $80K | 10x |
Aster ZMUSDT
Binance ZMUSDT
Bybit ZMUSDT
OKX ZM-USDT-SWAP
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 | +0.111% | $1.1M | $6.9M | 10x | as long as short |
| KuCoin ZMUSDTM | +0.0100% | 8h | 91.180 | +0.232% | $65K | $1.5M | 20x | as long as short |
| Polymarket Perps ZM-USD | +0.0418% | 1h | 91.070 | +0.111% | $105K | $390K | 10x | as long as short |
QFEX ZM-USD
KuCoin ZMUSDTM
Polymarket Perps ZM-USD