ZM

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0716%/8h= +78.4% APRnext payment +$0.90 per $10,000 · paid last 24h +0.055%

Price spread now: Polymarket Perps against tradeXYZ+0.121%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1071.068% of the position

Long on tradeXYZ Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.514%+$51 on $10k

Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.121%, 7d avg +0.099%

Together, before fees+0.253%+ Points / potential airdroptradeXYZ: Active · farm board+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Polymarket Perps is 0.022% dearer against tradeXYZ than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ZM	91.709	0.1209	pay 0.0151% / 1h	58m 27s	$615K	$120K	10x
Short	Polymarket Perps ZM-USD	91.820	0.1925	get 0.0241% / 1h	58m 27s	$106K	$377K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against tradeXYZ. 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 tradeXYZbpFee Polymarket PerpsbpOrdersPrice spread, now +0.121%Rate

Funding earned: $150.37
Price spread: +0.121% → +0.099%: $2.23
Slippage, 4 orders: −$80.78
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $45.82
Costs to cover: 1.068%
Break-even: 4.9 days

Slippage from tradeXYZ: live order book, 41 min ago; Polymarket Perps: live order book, 47 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 tradeXYZ live order book, 41 min ago	8.91 bp	54.0 bp −$54	76.0 bp −$760	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 47 min ago	3.82 bp	10.9 bp −$11	17.0 bp −$170	doesn't fit	doesn't fit

ZM on 13 exchanges

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	91.585	−0.135%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.765	+0.061%	$412K	$500K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	91.680	−0.032%	$94K	$31K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	91.540	−0.184%	$167K	$107K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	91.660	−0.053%	$249K	$124K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.790	+0.088%	$203K	$64K	20x	as long as short
Variational Omni ZM	0.0000%	8h	91.756	+0.051%	$12K	$20K	—	as long as short
SunX ZM-USDT	0.0000%	8h	91.770	+0.067%	$1K	$519K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.780	+0.077%	$6K	$37K	10x	as long as short
QFEX ZM-USD	+0.0040%	1h	91.580	−0.141%	$1.1M	$8.6M	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZMUSDTM	+0.0100%	8h	91.570	−0.152%	$62K	$1.5M	20x	as long as short
tradeXYZ xyz:ZMlong	+0.1209%	1h	91.709	long leg	$615K	$120K	10x
Polymarket Perps ZM-USDshort	+0.1925%	1h	91.820	+0.121%	$106K	$377K	10x