ZM funding rates and arbitrage
Updated 2026-10-30 08:17 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 |
|---|---|---|---|---|---|---|---|
| Hyperliquid | xyz:ZM | 0.0063% | 1 h | +54.8% | +9.7% | $293.9K | 2026-10-30 09:00 |
| Crypto.com | ZMUSD-PERP | 0.0049% | 1 h | +43.1% | +62.3% | $659 | 2026-10-30 09:00 |
| BingX | NCSKZM2USD-USDT | 0.0050% | 8 h | +5.5% | +22.1% | $945.5K | 2026-10-30 16:00 |
| QFEX | ZM-USD | 0.0005% | 1 h | +4.0% | — | $1.5M | 2026-10-30 08:59 |
| Bitget | ZMUSDT | 0.0000% | 8 h | 0.0% | +13.2% | $14.8K | 2026-10-30 16:00 |
| KuCoin | ZMUSDTM | 0.0000% | 8 h | 0.0% | +4.9% | $73K | 2026-10-30 16:00 |
| Aster | ZMUSDT | 0.0000% | 8 h | 0.0% | +2.9% | $1.5K | 2026-10-30 16:00 |
| Gate | ZM_USDT | 0.0000% | 8 h | 0.0% | 0.0% | $62K | 2026-10-30 16:00 |
| Variational | ZM-PERP | -0.0069% | 8 h | −7.6% | — | $50K | 2026-10-30 16:00 |
| OKX | ZM-USDT-SWAP | -0.0101% | 8 h | −11.0% | +9.0% | $154.7K | 2026-10-30 16:00 |
| Bitunix | ZMUSDT | -0.0146% | 8 h | −16.0% | +16.2% | — | 2026-10-30 16:00 |
| MEXC | ZMSTOCK_USDT | -0.0178% | 8 h | −19.5% | +12.1% | $1.4M | 2026-10-30 16:00 |
| LBank | ZMUSDT | -0.0178% | 8 h | −19.5% | — | — | 2026-10-30 16:00 |
| Binance | ZMUSDT | -0.0184% | 8 h | −20.1% | +12.1% | $169.5K | 2026-10-30 16:00 |
| HTX | ZM-USDT | -0.0250% | 8 h | −27.4% | +6.5% | $5.6K | 2026-10-30 16:00 |
| Bybit | ZMUSDT | -0.2730% | 8 h | −299.0% | +8.2% | $63.1K | 2026-10-30 16:00 |
Cost to enter $10,000 of ZM
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Variational | ZM-PERP | 7.6 bp | top of book only |
| Gate | ZM_USDT | 8.0 bp | top of book only |
| Binance | ZMUSDT | 9.1 bp * | top of book only |
| BingX | NCSKZM2USD-USDT | 10.2 bp | top of book only |
| Bybit | ZMUSDT | 11.0 bp | top of book only |
| KuCoin | ZMUSDTM | 12.2 bp | top of book only |
| Bitget | ZMUSDT | 14.2 bp | top of book only |
| OKX | ZM-USDT-SWAP | 15.3 bp * | top of book only |
| MEXC | ZMSTOCK_USDT | 20.0 bp | top of book only |
| HTX | ZM-USDT | 22.5 bp * | top of book only |
| Hyperliquid | xyz:ZM | 25.3 bp | top of book only |
| Aster | ZMUSDT | 61.0 bp | top of book only |
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?
Hyperliquid at +54.8% a year (0.0063% every 1 h); the lowest is Bybit at −299.0%. 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.