ZM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.14 per $10,000 · paid last 24h +0.166%

Price spread now: Polymarket Perps against QFEX+0.055%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.437%+$44 on $10k

Price spread, last 7 days−0.331%−$33 · spread now +0.055%, 7d avg +0.016%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.039% dearer against QFEX than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.016%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours. Mind the row above: over the last 4 days funding on this pair paid +0.437%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX ZM-USD	90.940	0.0160	pay 0.0020% / 1h	55m 25s	$1.1M	$5.4M	10x
Short	Polymarket Perps ZM-USD	90.990	0.0050	get 0.0006% / 1h	55m 25s	$99K	$392K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against QFEX. 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 QFEXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$23.1
Price spread: +0.055% → +0.016%: $3.86
Slippage, 4 orders: −$24.43
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$61.67
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Polymarket Perps: live order book, 33 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 QFEX live order book, 3 min ago	3.30 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 33 min ago	4.40 bp	9.7 bp −$10	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
tradeXYZ xyz:ZM	−0.0250%	1h	90.864	−0.084%	$524K	$80K	10x	as long as short
KuCoin ZMUSDTM	−0.0165%	8h	90.890	−0.055%	$90K	$1.5M	20x	as long as short
Aster ZMUSDT	0.0000%	8h	90.923	−0.019%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	90.988	+0.053%	$414K	$548K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	91.000	+0.066%	$95K	$34K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	90.860	−0.088%	$166K	$113K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.850	−0.099%	$246K	$142K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	90.990	+0.055%	$200K	$73K	20x	as long as short
Variational Omni ZM	0.0000%	8h	90.945	+0.005%	$11K	$52K	—	as long as short
SunX ZM-USDT	0.0000%	8h	90.950	+0.011%	$1K	$509K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZM-USDT	0.0000%	8h	91.020	+0.088%	$6K	$36K	10x	as long as short
Polymarket Perps ZM-USDshort	+0.0050%	1h	90.990	+0.055%	$99K	$392K	10x
QFEX ZM-USDlong	+0.0160%	1h	90.940	long leg	$1.1M	$5.4M	10x