Funding arb · Price arb /

ZEST

all ZEST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.083%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,141as in the Price arb table

costs, in and out, $10k−$2,15521.546% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.083%, 7d avg −0.050%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.133% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZESTUSDTM	0.1443	0.0100	pay 0.0050% / 4h	1h 06m	$1.5M	$547K	10x
Short	Bybit ZESTUSDT	0.1444	0.0100	get 0.0050% / 4h	1h 06m	$919K	$542K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → −0.050%: $13.29
Slippage, 4 orders: −$2,131.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2,141.32
Costs to cover: 21.546%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 34 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 KuCoin live order book, 4 min ago	13.17 bp	905.4 bp −$905	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 34 min ago	6.65 bp	149.5 bp −$149	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 ZESTUSDTshort	+0.0100%	4h	0.1444	+0.083%	$919K	$542K	10x
Gate ZEST_USDT	+0.0100%	4h	0.1441	−0.125%	$759K	$72K	10x	as long as short
KuCoin ZESTUSDTMlong	+0.0100%	4h	0.1443	long leg	$1.5M	$547K	10x
Aster ZESTUSDT	+0.0190%	4h	0.1440	−0.176%	$187K	$52K	5x	as long as short
Binance ZESTUSDT	+0.0246%	4h	0.1446	+0.237%	$5.6M	$1.7M	10x	as long as short
MEXC ZEST_USDT	+0.0250%	4h	0.1442	−0.076%	$9.2M	$118K	20x	as long as short
BloFin ZEST-USDT	+0.0252%	4h	0.1436	−0.471%	$288K	$15K	10x	as long as short
Bitget ZESTUSDT	+0.0302%	4h	0.1449	+0.430%	$947K	$280K	10x	as long as short
BingX ZEST-USDT	+0.0322%	4h	0.1450	+0.506%	—	$750K	—	as long as short