Settings8H · net · $10k
Funding arb · Price arb /

ZEST

all ZEST markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment $0.32 per $10,000 · paid last 24h +0.103%
Price spread now: BingX against Bitget−0.060%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1361.359% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.718%+$72 on $10k
Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.060%, 7d avg −0.034%
Together, before fees+0.771%+$77 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.026% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.034%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.718%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZESTUSDT0.14890.0958pay 0.0479% / 4h2h 57m$1.0M$212K10x
ShortBingX ZEST-USDT0.14880.0894get 0.0447% / 4h2h 57m$727K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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

Funding earned
−$13.44
Price spread: −0.060% → −0.034%
−$2.6
Slippage, 4 orders
−$113.88
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$151.92
Costs to cover
1.359%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; BingX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago6.71 bp38.1 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 2 min ago7.39 bp32.9 bp −$33201.4 bp −$2,014doesn't fitdoesn't fit

ZEST on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZESTUSDT+0.0100%4h0.1487−0.114%$927K$400K10xas long as short
Gate ZEST_USDT+0.0100%4h0.1483−0.403%$792K$46K10xas long as short
KuCoin ZESTUSDTM+0.0100%4h0.1487−0.148%$1.5M$465K10xas long as short
Aster ZESTUSDT+0.0250%4h0.1489+0.041%$192K$45K5xas long as short
BloFin ZEST-USDT+0.0388%4h0.1489−0.013%$298K$15K10xas long as short
MEXC ZEST_USDT+0.0428%4h0.1488−0.020%$9.5M$88K20xas long as short
Binance ZESTUSDT+0.0429%4h0.1488−0.020%$5.8M$1.6M10xas long as short
BingX ZEST-USDTshort+0.0894%4h0.1488−0.060%$727K
Bitget ZESTUSDTlong+0.0958%4h0.1489long leg$1.0M$212K10x