ZM funding rates and arbitrage
Updated 2026-11-11 23:02 UTC
Best ZM arbitrage after every cost
No ZM pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
ZM funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| LBank | ZMUSDT | 0.0659% | 8 h | +72.2% | 0.0% | — | 2026-11-12 00:00 |
| Binance | ZMUSDT | 0.0659% | 8 h | +72.2% | +2.0% | $209.4K | 2026-11-12 00:00 |
| MEXC | ZMSTOCK_USDT | 0.0634% | 8 h | +69.4% | +2.0% | $1.3M | 2026-11-12 00:00 |
| BingX | NCSKZM2USD-USDT | 0.0581% | 8 h | +63.6% | +9.9% | $945.5K | 2026-11-12 00:00 |
| Variational | ZM-PERP | 0.0548% | 8 h | +60.0% | 0.0% | $53.1K | 2026-11-12 00:00 |
| KuCoin | ZMUSDTM | 0.0273% | 8 h | +29.9% | −12.0% | $218K | 2026-11-12 00:00 |
| Aster | ZMUSDT | 0.0101% | 8 h | +11.1% | 0.0% | $6.6K | 2026-11-12 00:00 |
| QFEX | ZM-USD | 0.0004% | 1 h | +3.3% | — | $948K | 2026-11-11 23:59 |
| Bitunix | ZMUSDT | 0.0009% | 8 h | +0.9% | +2.8% | — | 2026-11-12 00:00 |
| HTX | ZM-USDT | 0.0005% | 8 h | +0.5% | 0.0% | $5.6K | 2026-11-12 00:00 |
| Bybit | ZMUSDT | 0.0000% | 8 h | 0.0% | −4.1% | $51.7K | 2026-11-12 00:00 |
| Bitget | ZMUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $23.9K | 2026-11-12 00:00 |
| OKX | ZM-USDT-SWAP | 0.0000% | 8 h | 0.0% | −5.3% | $103.5K | 2026-11-12 00:00 |
| Gate | ZM_USDT | 0.0000% | 8 h | 0.0% | 0.0% | $78.9K | 2026-11-12 00:00 |
| Hyperliquid | xyz:ZM | -0.0115% | 1 h | −100.8% | +3.2% | $369.7K | 2026-11-12 00:00 |
| Crypto.com | ZMUSD-PERP | -0.0480% | 1 h | −420.6% | +78.3% | $4K | 2026-11-12 00:00 |
Cost to enter $10,000 of ZM
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | ZMSTOCK_USDT | 37.6 bp | live order book |
| Hyperliquid | xyz:ZM | 38.1 bp | live order book |
| Bitget | ZMUSDT | 6.5 bp | top of book only |
| Variational | ZM-PERP | 6.8 bp | top of book only |
| KuCoin | ZMUSDTM | 9.6 bp | top of book only |
| Gate | ZM_USDT | 11.6 bp | top of book only |
| Bybit | ZMUSDT | 14.1 bp | top of book only |
| OKX | ZM-USDT-SWAP | 15.8 bp * | top of book only |
| HTX | ZM-USDT | 20.4 bp * | top of book only |
| Aster | ZMUSDT | 31.0 bp | top of book only |
| BingX | NCSKZM2USD-USDT | book can't fill $10,000 | live order book |
| Binance | ZMUSDT | book can't fill $10,000 * | live order book |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is ZM funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no ZM pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest ZM funding rate?
LBank at +72.2% a year (0.0659% every 8 h); the lowest is Crypto.com at −420.6%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.