Funding arb · Price arb /

ZM

RWAall ZM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0533%/8h= +58.4% APRpaid last 24h +0.162%

Price spread now: Polymarket Perps against Variational Omni+0.080%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Polymarket Perps is 0.080% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZM	90.997	0	get 0.0000% / 8h	40m 14s	$12K	$22K	—
Short	Polymarket Perps ZM-USD	91.070	0.0533	get 0.0067% / 1h	40m 14s	$105K	$383K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Variational Omni. 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 Variational OmnibpFee Polymarket PerpsbpOrdersPrice spread, now +0.080%Rate

Funding earned: $111.99
Price spread: +0.080% → 0.000%: $7.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $111.98
Costs to cover: 0.080%
Break-even: 0.0 days

Slippage unknown: Variational Omni: no order-book sample; Polymarket Perps: live order book, 28 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 28 min ago	6.04 bp	10.3 bp −$10	14.1 bp −$141	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	91.013	+0.018%	$7K	$598	20x	as long as short
Binance ZMUSDT	0.0000%	8h	91.019	+0.024%	$411K	$505K	20x	as long as short
Bybit ZMUSDT	0.0000%	8h	90.980	−0.019%	$95K	$32K	25x	as long as short
OKX ZM-USDT-SWAP	0.0000%	8h	91.010	+0.014%	$167K	$111K	20x	as long as short
Gate ZM_USDT	0.0000%	8h	90.920	−0.085%	$248K	$130K	20x	as long as short
Bitget ZMUSDT	0.0000%	8h	91.050	+0.058%	$200K	$64K	20x	as long as short
Variational Omni ZMlong	0.0000%	8h	90.997	long leg	$12K	$22K	—
SunX ZM-USDT	0.0000%	8h	91.010	+0.014%	$1K	$494K	10x	as long as short
HTX ZM-USDT	0.0000%	8h	91.060	+0.069%	$6K	$36K	10x	as long as short
QFEX ZM-USD	+0.0023%	1h	91.030	+0.036%	$1.1M	$7.3M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZMUSDTM	+0.0100%	8h	90.980	−0.019%	$63K	$1.5M	20x	as long as short
tradeXYZ xyz:ZM	+0.0420%	1h	91.012	+0.016%	$523K	$76K	10x	as long as short
Polymarket Perps ZM-USDshort	+0.0533%	1h	91.070	+0.080%	$105K	$383K	10x