ZM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0410%/8h= +44.9% APRnext payment +$0.51 per $10,000 · paid last 24h −0.062%

Price spread now: QFEX against tradeXYZ+0.084%7-day average +0.087% · you sell dearer than you buy

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

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.084%, 7d avg +0.087%

Together, before fees−0.170%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.028% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ZM	90.864	−0.0250	get 0.0031% / 1h	55m 24s	$524K	$80K	10x
Short	QFEX ZM-USD	90.940	0.0160	get 0.0020% / 1h	55m 24s	$1.1M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. 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 tradeXYZbpFee QFEXbpOrdersPrice spread, now +0.084%Rate

Funding earned: $86.17
Price spread: +0.084% → +0.087%: −$0.38
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: $57.79
Costs to cover: 0.280%
Break-even: 2.3 days

Slippage unknown: tradeXYZ: live order book, 41 min ago; QFEX: live order book, 3 min ago. 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, 41 min ago	14.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	3.30 bp	12.3 bp −$12	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
tradeXYZ xyz:ZMlong	−0.0250%	1h	90.864	long leg	$524K	$80K	10x
KuCoin ZMUSDTM	−0.0165%	8h	90.890	+0.029%	$90K	$1.5M	20x	as long as short
Aster ZMUSDT	0.0000%	8h	90.923	+0.064%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	90.988	+0.136%	$414K	$548K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	91.000	+0.150%	$95K	$34K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.860	−0.004%	$166K	$113K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.850	−0.015%	$246K	$142K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	90.990	+0.139%	$200K	$73K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.945	+0.089%	$11K	$52K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.950	+0.095%	$1K	$509K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZM-USDT	0.0000%	8h	91.020	+0.172%	$6K	$36K	10x	as long as short
Polymarket Perps ZM-USD	+0.0050%	1h	90.990	+0.139%	$99K	$392K	10x	as long as short
QFEX ZM-USDshort	+0.0160%	1h	90.940	+0.084%	$1.1M	$5.4M	10x