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+0.0632%/8h= +69.2% APRnext payment +$3.16 per $10,000 · paid last 24h +0.059%
Price spread now: Bitget against KuCoin+0.115%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,843as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,843as in the Price arb table
costs, in and out, $10k−$1,84618.459% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.115%, 7d avg +0.082%
Together, before fees−0.102%−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Bitget is 0.033% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.082%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.16 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZESTUSDTM0.14820.0100pay 0.0050% / 4h1h 33m$1.5M$453K10x
ShortBitget ZESTUSDT0.14840.0732get 0.0366% / 4h1h 33m$997K$210K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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
$132.72
Price spread: +0.115% → +0.082%
$3.28
Slippage, 4 orders
−$1,821.93
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$1,709.93
Costs to cover
18.459%
Break-even
97.2 days
Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 48 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 KuCoin live order book, 3 min ago14.81 bp868.9 bp −$869doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 48 min ago7.06 bp46.1 bp −$46545.8 bp −$5,458doesn'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%4h0.1483+0.081%$923K$396K10xas long as short
Gate ZEST_USDT+0.0100%4h0.1481−0.061%$789K$48K10xas long as short
KuCoin ZESTUSDTMlong+0.0100%4h0.1482long leg$1.5M$453K10x
Aster ZESTUSDT+0.0238%4h0.1483+0.098%$191K$45K5xas long as short
BloFin ZEST-USDT+0.0389%4h0.1484+0.169%$296K$15K10xas long as short
MEXC ZEST_USDT+0.0402%4h0.1484+0.142%$9.5M$102K20xas long as short
Binance ZESTUSDT+0.0402%4h0.1484+0.128%$5.7M$1.6M10xas long as short
BingX ZEST-USDT+0.0692%4h0.1483+0.094%$731Kas long as short
Bitget ZESTUSDTshort+0.0732%4h0.1484+0.115%$997K$210K10x