Funding you earn now, next payment 05:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h −0.180%
Price spread now: Gate against Polymarket Perps−0.143%7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1791.787% of the position
Funding, last 7 days−0.558%−$56 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.143%, 7d avg −0.127%
=The price spread sits at its 7-day average of −0.127%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ZM-USD | 91.070 | 0.0440 | pay 0.0055% / 1h | 54m 05s | $99K | $392K | 10x |
| Short | Gate ZM_USDT | 90.940 | 0 | get 0.0000% / 8h | 3h 54m | $247K | $137K | 20x |
Polymarket Perps ZM-USD
Gate ZM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Polymarket Perps. 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
- −$92.45
- Price spread: −0.143% → −0.127%
- −$1.57
- Slippage, 4 orders
- −$155.72
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$272.74
- Costs to cover
- 1.787%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 29 min ago; Gate: live order book, 57 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 Polymarket Perps live order book, 29 min ago | 2.74 bp | 7.8 bp −$8 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Gate live order book, 57 min ago | 14.85 bp | 70.1 bp −$70 | doesn't fit | 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 | 90.905 | −0.181% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDT | 0.0000% | 8h | 91.013 | −0.062% | $414K | $542K | 20x | as long as short |
| Bybit ZMUSDT | 0.0000% | 8h | 90.770 | −0.329% | $95K | $34K | 25x | as long as short |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 90.940 | −0.143% | $166K | $113K | 20x | as long as short |
| Gate ZM_USDTshort | 0.0000% | 8h | 90.940 | −0.143% | $247K | $137K | 20x | |
| Bitget ZMUSDT | 0.0000% | 8h | 91.000 | −0.077% | $200K | $73K | 20x | as long as short |
| Variational Omni ZM | 0.0000% | 8h | 90.999 | −0.078% | $11K | $51K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 91.000 | −0.077% | $878 | $505K | 10x | as long as short |
| HTX ZM-USDT | 0.0000% | 8h | 90.930 | −0.154% | $6K | $35K | 10x | as long as short |
| tradeXYZ xyz:ZM | +0.0050% | 1h | 90.930 | −0.154% | $523K | $81K | 10x | as long as short |
Aster ZMUSDT
Binance ZMUSDT
Bybit ZMUSDT
OKX ZM-USDT-SWAP
Bitget ZMUSDT
Variational Omni ZM
SunX ZM-USDT
HTX ZM-USDT
tradeXYZ xyz:ZMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZMUSDTM | +0.0100% | 8h | 90.870 | −0.220% | $84K | $1.5M | 20x | as long as short |
| QFEX ZM-USD | +0.0160% | 1h | 90.900 | −0.187% | $1.1M | $5.9M | 10x | as long as short |
| Polymarket Perps ZM-USDlong | +0.0440% | 1h | 91.070 | long leg | $99K | $392K | 10x |
KuCoin ZMUSDTM
QFEX ZM-USD