Funding you earn now, next payment 04:00 UTC−0.0324%/8h= −35.5% APRnext payment −$1.62 per $10,000 · paid last 24h −0.046%
Price spread now: MEXC against BingX+0.073%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1941.944% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.073%, 7d avg +0.038%
=The price spread pays, funding is against you. MEXC is 0.036% dearer against BingX than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.038%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.132% in total) that is about 45 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.62 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 | 0.1499 | 0.0638 | pay 0.0319% / 4h | 1h 14m | — | $748K | — |
| Short | MEXC ZEST_USDT | 0.1500 | 0.0314 | get 0.0157% / 4h | 1h 14m | $9.6M | $105K | 20x |
BingX ZEST-USDT
MEXC ZEST_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$68.04
- Price spread: +0.073% → +0.038%
- $3.56
- Slippage, 4 orders
- −$180.37
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$258.85
- Costs to cover
- 1.944%
- Break-even
- never at this rate
Slippage from BingX: live order book, 44 min ago; MEXC: live order book, 4 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, 44 min ago | 6.02 bp | 57.9 bp −$58 | 412.3 bp −$4,123 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.67 bp | 31.7 bp −$32 | 81.6 bp −$816 | 491.2 bp −$49.1K | 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 | 0.1498 | −0.033% | $941K | $484K | 10x | as long as short |
| Gate ZEST_USDT | +0.0100% | 4h | 0.1496 | −0.153% | $804K | $57K | 10x | as long as short |
| KuCoin ZESTUSDTM | +0.0100% | 4h | 0.1498 | −0.033% | $1.5M | $493K | 10x | as long as short |
| Aster ZESTUSDT | +0.0245% | 4h | 0.1499 | +0.011% | $196K | $49K | 5x | as long as short |
| MEXC ZEST_USDTshort | +0.0314% | 4h | 0.1500 | +0.073% | $9.6M | $105K | 20x | |
| Binance ZESTUSDT | +0.0315% | 4h | 0.1500 | +0.073% | $5.8M | $1.6M | 10x | as long as short |
| BloFin ZEST-USDT | +0.0345% | 4h | 0.1499 | +0.013% | $304K | $17K | 10x | as long as short |
| BingX ZEST-USDTlong | +0.0638% | 4h | 0.1499 | long leg | — | $748K | — | |
| Bitget ZESTUSDT | +0.0662% | 4h | 0.1497 | −0.133% | $975K | $241K | 10x | as long as short |
Bybit ZESTUSDT
Gate ZEST_USDT
KuCoin ZESTUSDTM
Aster ZESTUSDT
Binance ZESTUSDT
BloFin ZEST-USDT
Bitget ZESTUSDT