Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.114%
Price spread now: Bybit against Binance−0.220%7-day average −0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs−$412as in the Funding arb table
Net, price: spread back to 7d avg − costs−$376as in the Price arb table
costs, in and out, $10k−$3673.672% of the position
Funding, last 7 days−0.446%−$45 on $10k
+Price spread, last 4 days (all we have)+0.255%+$26 · spread now −0.220%, 7d avg −0.128%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.092% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.128%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZESTUSDT | 0.1505 | 0.0130 | pay 0.0065% / 4h | 29m 06s | $5.8M | $1.6M | 10x |
| Short | Bybit ZESTUSDT | 0.1502 | 0.0100 | get 0.0050% / 4h | 29m 06s | $943K | $478K | 10x |
Binance ZESTUSDT
Bybit ZESTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$6.3
- Price spread: −0.220% → −0.128%
- −$9.2
- Slippage, 4 orders
- −$346.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$382.65
- Costs to cover
- 3.672%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 26 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 Binance live order book, 9 min ago | 1.33 bp | 40.7 bp −$41 | 586.9 bp −$5,869 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 6.67 bp | 140.3 bp −$140 | doesn't fit | doesn't fit | doesn't fit |
ZEST on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZESTUSDTshort | +0.0100% | 4h | 0.1502 | −0.220% | $943K | $478K | 10x | |
| Gate ZEST_USDT | +0.0100% | 4h | 0.1502 | −0.213% | $806K | $57K | 10x | as long as short |
| KuCoin ZESTUSDTM | +0.0100% | 4h | 0.1503 | −0.147% | $1.5M | $502K | 10x | as long as short |
| Aster ZESTUSDT | +0.0101% | 4h | 0.1504 | −0.119% | $196K | $50K | 5x | as long as short |
| BloFin ZEST-USDT | +0.0118% | 4h | 0.1505 | −0.027% | $304K | $17K | 10x | as long as short |
| Binance ZESTUSDTlong | +0.0130% | 4h | 0.1505 | long leg | $5.8M | $1.6M | 10x | |
| MEXC ZEST_USDT | +0.0130% | 4h | 0.1505 | −0.054% | $9.6M | $104K | 20x | as long as short |
| BingX ZEST-USDT | +0.0552% | 4h | 0.1505 | −0.054% | — | $748K | — | as long as short |
| Bitget ZESTUSDT | +0.0580% | 4h | 0.1504 | −0.087% | $980K | $241K | 10x | as long as short |
Gate ZEST_USDT
KuCoin ZESTUSDTM
Aster ZESTUSDT
BloFin ZEST-USDT
MEXC ZEST_USDT
BingX ZEST-USDT
Bitget ZESTUSDT