Settings8H · net · $10k
Funding arb · Price arb /

ZM

RWAall ZM markets
SwapBacktest
Alert: funding
Alert: spread
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 HTX−0.394%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Polymarket Perps is 0.394% cheaper against HTX than usual: you would sell low and buy high (spread −0.394% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 26 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ZM-USDT91.3200get 0.0000% / 8h7h 44m$6K$36K10x
ShortPolymarket Perps ZM-USD90.9600.0050get 0.0006% / 1h44m 41s$105K$383K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against HTX. 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

Funding earned
$10.5
Price spread: −0.394% → 0.000%
−$39.42
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$48.92
Costs to cover
0.200%
Break-even
39.6 days
Slippage unknown: HTX: no order-book sample; Polymarket Perps: live order book, 18 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell Polymarket Perps live order book, 18 min ago1.65 bp7.8 bp −$812.1 bp −$121doesn't fitdoesn't fit
HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX ZM-USD−0.0080%1h91.190−0.142%$1.1M$7.7M10xas long as short
Aster ZMUSDT0.0000%8h91.174−0.160%$7K$59820xas long as short
Binance ZMUSDT0.0000%8h91.218−0.112%$411K$491K20xas long as short
Bybit ZMUSDT0.0000%8h91.170−0.164%$95K$31K25xas long as short
OKX ZM-USDT-SWAP0.0000%8h91.020−0.329%$167K$108K20xas long as short
Gate ZM_USDT0.0000%8h91.110−0.230%$248K$127K20xas long as short
Bitget ZMUSDT0.0000%8h91.090−0.252%$200K$64K20xas long as short
Variational Omni ZM0.0000%8h91.190−0.142%$12K$20Kas long as short
SunX ZM-USDT0.0000%8h91.230−0.099%$1K$497K10xas long as short
HTX ZM-USDTlong0.0000%8h91.320long leg$6K$36K10x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps ZM-USDshort+0.0050%1h90.960−0.394%$105K$383K10x
KuCoin ZMUSDTM+0.0100%8h91.110−0.230%$61K$1.5M20xas long as short
tradeXYZ xyz:ZM+0.0768%1h91.071−0.273%$555K$88K10xas long as short