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

ZEST

all ZEST markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.99 per $10,000 · paid last 24h +0.117%
Price spread now: Bitget against Gate+0.433%7-day average +0.211% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4,543as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4,538as in the Price arb table
costs, in and out, $10k−$4,56045.597% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.170%+$17 on $10k
Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.433%, 7d avg +0.211%
Together, before fees−0.121%−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.222% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.211%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ZEST_USDT0.14340.0100pay 0.0050% / 4h1h 08m$756K$72K10x
ShortBitget ZESTUSDT0.14400.0298get 0.0149% / 4h1h 08m$944K$277K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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
$41.58
Price spread: +0.433% → +0.211%
$22.19
Slippage, 4 orders
−$4,532.75
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$4,495.98
Costs to cover
45.597%
Break-even
763.9 days
Slippage from Gate: live order book, 34 min ago; Bitget: live order book, 33 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 Gate live order book, 34 min ago16.30 bp2652.9 bp −$2,653doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 33 min ago6.65 bp48.5 bp −$48doesn't fitdoesn'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%4h0.1434+0.035%$913K$540K10xas long as short
Gate ZEST_USDTlong+0.0100%4h0.1434long leg$756K$72K10x
KuCoin ZESTUSDTM+0.0100%4h0.1438+0.286%$1.5M$547K10xas long as short
Aster ZESTUSDT+0.0173%4h0.1435+0.082%$186K$52K5xas long as short
Binance ZESTUSDT+0.0237%4h0.1436+0.181%$5.6M$1.7M10xas long as short
Bitget ZESTUSDTshort+0.0298%4h0.1440+0.433%$944K$277K10x
BingX ZEST-USDT+0.0316%4h0.1437+0.237%$749Kas long as short
MEXC ZEST_USDT+0.0320%4h0.1438+0.307%$9.2M$118K20xas long as short
BloFin ZEST-USDT+0.0359%4h0.1417−1.116%$284K$15K10xas long as short