Funding arb · Price arb /

ZM

RWAall ZM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0448%/8h= +49.0% APRpaid last 24h −0.035%

Price spread now: Polymarket Perps against KuCoin−0.033%49s7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$645as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$6946.942% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.490%+$49 on $10k

Price spread, last 7 days+0.184%+$18 · spread now −0.033%, 7d avg +0.082%

Together, before fees+0.674%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.115% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.082%). If the spread goes back, that is −$11 on $10k: about 21 hours of funding at the current rate (+$13 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZMUSDTM	91.110	0.0100	pay 0.0100% / 8h	1h 18m	$63K	$1.5M	20x
Short	Polymarket Perps ZM-USD	91.080	0.0548	get 0.0068% / 1h	18m 41s	$105K	$383K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.033%Rate

Funding earned: $93.98
Price spread: −0.033% → +0.082%: −$11.5
Slippage, 4 orders: −$674.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$611.7
Costs to cover: 6.942%
Break-even: 52.6 days

Slippage from KuCoin: live order book, 7 min ago; Polymarket Perps: live order book, 54 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 KuCoin live order book, 7 min ago	2.19 bp	338.8 bp −$339	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 54 min ago	2.74 bp	7.8 bp −$8	12.5 bp −$125	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
Aster ZMUSDT	0.0000%	8h	91.054	−0.061%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.038	−0.079%	$412K	$506K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.990	−0.132%	$95K	$33K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.930	−0.198%	$167K	$111K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.970	−0.154%	$248K	$134K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.000	−0.121%	$200K	$64K	20x	as long as short
Variational Omni ZM	0.0000%	8h	91.044	−0.072%	$12K	$22K	—	as long as short
SunX ZM-USDT	0.0000%	8h	91.050	−0.066%	$1K	$491K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.000	−0.121%	$6K	$36K	10x	as long as short
QFEX ZM-USD	+0.0067%	1h	91.050	−0.066%	$1.1M	$7.1M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZMUSDTMlong	+0.0100%	8h	91.110	long leg	$63K	$1.5M	20x
tradeXYZ xyz:ZM	+0.0160%	1h	91.009	−0.111%	$523K	$76K	10x	as long as short
Polymarket Perps ZM-USDshort	+0.0548%	1h	91.080	−0.033%	$105K	$383K	10x