Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.168%
Price spread now: Polymarket Perps against Binance−0.208%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$640.641% of the position
Funding, last 7 days+0.523%+$52 on $10k
+Price spread, last 2 days (all we have)+0.396%+$40 · spread now −0.208%, 7d avg +0.055%
=Funding pays, the price is against you. Polymarket Perps is 0.263% cheaper against Binance than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of +0.055%). If the spread goes back, that is −$26 on $10k: about 18 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.523% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZMUSDT | 91.150 | 0 | get 0.0000% / 8h | 7h 38m | $411K | $492K | 20x |
| Short | Polymarket Perps ZM-USD | 90.960 | 0.0050 | get 0.0006% / 1h | 38m 25s | $105K | $383K | 10x |
Binance ZMUSDT
Polymarket Perps ZM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Binance. 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: −0.208% → +0.055%
- −$26.34
- Slippage, 4 orders
- −$46.1
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$79.94
- Costs to cover
- 0.641%
- Break-even
- 60.3 days
Slippage from Binance: live order book, 23 min ago; Polymarket Perps: live order book, 25 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 Binance live order book, 23 min ago | 1.10 bp | 23.2 bp −$23 | 94.4 bp −$944 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 25 min ago | 1.65 bp | 7.8 bp −$8 | 12.1 bp −$121 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX ZM-USD | −0.0080% | 1h | 91.180 | +0.033% | $1.1M | $7.8M | 10x | as long as short |
| Aster ZMUSDT | 0.0000% | 8h | 91.148 | −0.002% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDTlong | 0.0000% | 8h | 91.150 | long leg | $411K | $492K | 20x | |
| Bybit ZMUSDT | 0.0000% | 8h | 91.150 | 0.000% | $95K | $30K | 25x | as long as short |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 91.020 | −0.143% | $167K | $108K | 20x | as long as short |
| Gate ZM_USDT | 0.0000% | 8h | 91.060 | −0.099% | $248K | $127K | 20x | as long as short |
| Bitget ZMUSDT | 0.0000% | 8h | 91.080 | −0.077% | $200K | $64K | 20x | as long as short |
| Variational Omni ZM | 0.0000% | 8h | 91.130 | −0.022% | $12K | $20K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 91.150 | 0.000% | $1K | $500K | 10x | as long as short |
| HTX ZM-USDT | 0.0000% | 8h | 91.150 | 0.000% | $6K | $36K | 10x | as long as short |
QFEX ZM-USD
Aster ZMUSDT
Bybit ZMUSDT
OKX ZM-USDT-SWAP
Gate ZM_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ZM-USDshort | +0.0050% | 1h | 90.960 | −0.208% | $105K | $383K | 10x | |
| KuCoin ZMUSDTM | +0.0100% | 8h | 91.020 | −0.143% | $61K | $1.5M | 20x | as long as short |
| tradeXYZ xyz:ZM | +0.0756% | 1h | 91.011 | −0.152% | $555K | $88K | 10x | as long as short |
KuCoin ZMUSDTM
tradeXYZ xyz:ZM