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
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Funding arb · Price arb / RWA

ZM

RWAAll ZM markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Polymarket PerpsZM-USD
88.340+0.0337pay 0.0042% / 1h9m 56s$41K$1.1M10xLong Polymarket Perps
SHORT
BingXNCSKZM2USD-USDT
88.330+0.1545get 0.1545% / 8h4h 09m$946K$1.2M—Short BingX
Price gap−0.011%
Funding gap+0.1208% /8h

Funding pays +$36 a day on $10k, but the gap is 0.043% under its 7d average: −$4 if it goes back, about 3 hours of funding.

Funding on this pair cost 0.253% 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−$25+0.1208% /8h now · paid −0.253% over the last 7D
Price−$4spread −0.011% now, avg +0.032% → −0.043% if it goes back
Costs−$830.834% of $10k · taker + slippage, in and out
Result−$113−1.13%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.253% in total, about −0.0120%/8h on average.

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.011%
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 size9.1 / 37.5 bp
    At $10k entering BingX costs 37.5 bp, fee and slippage, 4.1× Polymarket Perps’s.
  • Note: Margin at max leverage$1,000 + —
    Polymarket Perps 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$36.24Long Polymarket Perps: 24 payments, −$10.11; short BingX: 3 payments, +$46.35.
  • Watch: Gap narrower than usual−0.011% vs +0.032%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$41K 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: KYCPolymarket Perps No · BingX Yes
    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−0.0120%/8h × 21 periods−$25.28
Price spread−0.011% → +0.032% (7d avg)−$4.33
Slippage, 4 orderslive order books−$65.42
Fee Polymarket Perps bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$113.03
Costs to cover0.834%Break-evennever at this rate
Slippage: Polymarket Perps: live order book, 2 min ago; BingX: live order book, 12 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPolymarket Perps0.579.1 bp−$911.6 bp−$116doesn’t fitdoesn’t fit
SELL · SHORTBingX14.7137.5 bp−$37109.8 bp−$1,098313.5 bp−$31.4K791.7 bp−$395.9K

Closing costs about the same again.

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