Funding you earn now, next payment 00:00 UTC−0.0209%/8h= −22.9% APRnext payment −$1.05 per $10,000 · paid last 24h −0.033%
Price spread now: Binance against BingX+0.081%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1911.913% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.081%, 7d avg +0.039%
=The price spread pays, funding is against you. Binance is 0.042% dearer against BingX than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.039%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.116% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.05 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZEST-USDT | 0.1483 | 0.0628 | pay 0.0314% / 4h | 29m 35s | — | $741K | — |
| Short | Binance ZESTUSDT | 0.1484 | 0.0419 | get 0.0209% / 4h | 29m 35s | $5.7M | $1.6M | 10x |
BingX ZEST-USDT
Binance ZESTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$43.99
- Price spread: +0.081% → +0.039%
- $4.23
- Slippage, 4 orders
- −$171.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$231.09
- Costs to cover
- 1.913%
- Break-even
- never at this rate
Slippage from BingX: live order book, 74 min ago; Binance: live order book, 9 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 BingX live order book, 74 min ago | 6.73 bp | 33.0 bp −$33 | 359.9 bp −$3,599 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 2.03 bp | 61.7 bp −$62 | 315.5 bp −$3,155 | 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 ZESTUSDT | +0.0100% | 4h | 0.1481 | −0.155% | $925K | $446K | 10x | as long as short |
| Gate ZEST_USDT | +0.0100% | 4h | 0.1479 | −0.324% | $789K | $49K | 10x | as long as short |
| KuCoin ZESTUSDTM | +0.0100% | 4h | 0.1483 | −0.020% | $1.5M | $452K | 10x | as long as short |
| Aster ZESTUSDT | +0.0330% | 4h | 0.1481 | −0.186% | $191K | $47K | 5x | as long as short |
| BloFin ZEST-USDT | +0.0388% | 4h | 0.1480 | −0.229% | $297K | $15K | 10x | as long as short |
| MEXC ZEST_USDT | +0.0408% | 4h | 0.1484 | +0.040% | $9.5M | $103K | 20x | as long as short |
| Binance ZESTUSDTshort | +0.0419% | 4h | 0.1484 | +0.081% | $5.7M | $1.6M | 10x | |
| BingX ZEST-USDTlong | +0.0628% | 4h | 0.1483 | long leg | — | $741K | — | |
| Bitget ZESTUSDT | +0.0662% | 4h | 0.1484 | +0.047% | $980K | $227K | 10x | as long as short |
Bybit ZESTUSDT
Gate ZEST_USDT
KuCoin ZESTUSDTM
Aster ZESTUSDT
BloFin ZEST-USDT
MEXC ZEST_USDT
Bitget ZESTUSDT