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

ZEST

all ZEST markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0996%/8h= +109.1% APRnext payment +$4.98 per $10,000 · paid last 24h +0.061%
Price spread now: Aster against Bybit−0.123%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$668as in the Price arb table
costs, in and out, $10k−$6576.569% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.392%+$39 on $10k
Price spread, last 4 days (all we have)−0.150%−$15 · spread now −0.123%, 7d avg −0.012%
Together, before fees+0.242%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.112% cheaper against Bybit than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.012%). If the spread goes back, that is −$11 on $10k: about 9 hours of funding at the current rate (+$30 a day). At the pace of the last 6 days (+0.392% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.392% in total (about 24.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.98 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZESTUSDT0.14600.0100pay 0.0050% / 4h1h 31m$958K$563K10x
ShortAster ZESTUSDT0.14580.1096get 0.0548% / 4h1h 31m$186K$54K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
$209.17
Price spread: −0.123% → −0.012%
−$11.17
Slippage, 4 orders
−$637.89
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$458.9
Costs to cover
6.569%
Break-even
22.4 days
Slippage from Bybit: live order book, 12 min ago; Aster: live order book, 13 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 Bybit live order book, 12 min ago6.92 bp313.4 bp −$3134294.3 bp −$42.9Kdoesn't fitdoesn't fit
Sell Aster live order book, 13 min ago5.53 bp102.0 bp −$102doesn't fitdoesn't fitdoesn't fit

ZEST on 9 exchanges

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 ZESTUSDTlong+0.0100%4h0.1460long leg$958K$563K10x
Gate ZEST_USDT+0.0100%4h0.1458−0.158%$769K$76K10xas long as short
KuCoin ZESTUSDTM+0.0398%4h0.1461+0.096%$1.5M$724K10xas long as short
Aster ZESTUSDTshort+0.1096%4h0.1458−0.123%$186K$54K5x
Binance ZESTUSDT+0.1097%4h0.1460−0.008%$5.6M$2.2M10xas long as short
Bitget ZESTUSDT+0.1108%4h0.1459−0.048%$958K$346K10xas long as short
MEXC ZEST_USDT+0.1112%4h0.1460+0.021%$9.4M$119K20xas long as short
BingX ZEST-USDT+0.1122%4h0.1459−0.089%$747Kas long as short
BloFin ZEST-USDT+0.1179%4h0.1460+0.021%$296K$20K10xas long as short