ZEST

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0600%/8h= −65.7% APRnext payment −$3.00 per $10,000 · paid last 24h −0.078%

Price spread now: Gate against Bitget−0.162%7-day average −0.222% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3,415as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3,398as in the Price arb table

costs, in and out, $10k−$3,40434.038% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.162%, 7d avg −0.222%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.060% dearer against Bitget than usual: you sell high and buy low (spread −0.162% now, against its 7-day average of −0.222%): +$6 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.116% in total) that is about 3.6 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 -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.00 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	Bitget ZESTUSDT	0.1483	0.0700	pay 0.0350% / 4h	11m 50s	$979K	$226K	10x
Short	Gate ZEST_USDT	0.1480	0.0100	get 0.0050% / 4h	11m 50s	$789K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now −0.162%Rate

Funding earned: −$126
Price spread: −0.162% → −0.222%: $6.02
Slippage, 4 orders: −$3,376.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$3,523.82
Costs to cover: 34.038%
Break-even: never at this rate

Slippage from Bitget: live order book, 64 min ago; Gate: live order book, 65 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 Bitget live order book, 64 min ago	7.41 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	11.45 bp	1264.6 bp −$1,265	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 ZESTUSDT	+0.0100%	4h	0.1481	−0.115%	$926K	$446K	10x	as long as short
Gate ZEST_USDTshort	+0.0100%	4h	0.1480	−0.162%	$789K	$49K	10x
KuCoin ZESTUSDTM	+0.0100%	4h	0.1482	−0.020%	$1.5M	$453K	10x	as long as short
Aster ZESTUSDT	+0.0325%	4h	0.1480	−0.189%	$193K	$49K	5x	as long as short
MEXC ZEST_USDT	+0.0412%	4h	0.1483	+0.013%	$9.5M	$104K	20x	as long as short
Binance ZESTUSDT	+0.0413%	4h	0.1483	+0.007%	$5.7M	$1.6M	10x	as long as short
BloFin ZEST-USDT	+0.0471%	4h	0.1484	+0.081%	$297K	$15K	10x	as long as short
BingX ZEST-USDT	+0.0666%	4h	0.1482	−0.034%	—	$738K	—	as long as short
Bitget ZESTUSDTlong	+0.0700%	4h	0.1483	long leg	$979K	$226K	10x