Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Funding arb · Price arb / RWA

ZM

RWAAll ZM markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BingXNCSKZM2USD-USDT
88.410+0.1316pay 0.1316% / 8h3h 28m$946K$1.2M—Long BingX
SHORT
Polymarket PerpsZM-USD
88.330−0.0714pay 0.0089% / 1h28m 52s$43K$1.1M10xShort Polymarket Perps
Price gap−0.090%
Funding gap−0.2030% /8h

Both sides work against this direction now: funding costs $61 a day on $10k and the gap is 0.058% under its 7d average. Swap the legs.

Funding on this pair paid 0.233% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$23−0.2030% /8h now · paid +0.233% over the last 7D
Price−$6spread −0.090% now, avg −0.032% → −0.058% if it goes back
Costs−$830.831% of $10k · taker + slippage, in and out
Result−$66−0.66%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.233% in total, about +0.0111%/8h on average.

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.090%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ZM on 14 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size34.0 / 7.2 bp
    At $10k entering BingX costs 34.0 bp, fee and slippage, 4.7× Polymarket Perps’s.
  • Note: Margin at max leverage— + $1,000
    BingX —, Polymarket Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$60.89Long BingX: 3 payments, −$39.48; short Polymarket Perps: 24 payments, −$21.41.
  • Watch: Gap narrower than usual−0.090% vs −0.032%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$43K vs $946K OI
    Polymarket Perps sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · Polymarket Perps No
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0111%/8h × 21 periods+$23.33
Price spread−0.090% → −0.032% (7d avg)−$5.80
Slippage, 4 orderslive order books−$65.09
Fee BingX bp × 2 orders−$10.00
Fee Polymarket Perps bp × 2 orders−$8.00
Net · 7 days · $10k−$65.56
Costs to cover0.831%Break-even26.7 days
Slippage: BingX: live order book, 7 min ago; Polymarket Perps: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX9.6334.0 bp−$3477.8 bp−$778290.2 bp−$29.0K743.5 bp−$371.8K
SELL · SHORTPolymarket Perps0.577.2 bp−$79.9 bp−$99doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert