Funding arb · Price arb /

ZM

RWAall ZM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Variational Omni+0.045%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.045% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZM	90.994	0	get 0.0000% / 8h	1h 34m	$11K	$21K	—
Short	Binance ZMUSDT	91.035	0	get 0.0000% / 8h	1h 34m	$412K	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → 0.000%: $4.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$5.49
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Binance: live order book, 57 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Binance live order book, 57 min ago	2.20 bp	24.5 bp −$25	92.1 bp −$921	doesn't fit	doesn't fit

Variational Omni: 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	91.045	+0.056%	$7K	$598	20x	as long as short
Binance ZMUSDTshort	0.0000%	8h	91.035	+0.045%	$412K	$502K	20x
Bybit ZMUSDT	0.0000%	8h	90.970	−0.026%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.930	−0.070%	$167K	$111K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.950	−0.048%	$248K	$134K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.000	+0.007%	$200K	$64K	20x	as long as short
Variational Omni ZMlong	0.0000%	8h	90.994	long leg	$11K	$21K	—
SunX ZM-USDT	0.0000%	8h	90.990	−0.004%	$773	$489K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.140	+0.160%	$6K	$36K	10x	as long as short
QFEX ZM-USD	+0.0067%	1h	91.000	+0.007%	$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
tradeXYZ xyz:ZM	+0.0077%	1h	90.968	−0.029%	$523K	$76K	10x	as long as short
KuCoin ZMUSDTM	+0.0100%	8h	91.070	+0.083%	$63K	$1.5M	20x	as long as short
Polymarket Perps ZM-USD	+0.0492%	1h	91.070	+0.083%	$105K	$383K	10x	as long as short