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

ZEST

all ZEST markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0194%/8h= +21.3% APRnext payment +$0.97 per $10,000 · paid last 24h −0.012%
Price spread now: Bitget against BloFin−0.134%75s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1371.371% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.587%−$59 on $10k
Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.134%, 7d avg −0.029%
Together, before fees−0.604%−$60 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.106% cheaper against BloFin than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.029%). If the spread goes back, that is −$11 on $10k: about 44 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.587%, so the current rate has only just turned in your favour. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZEST-USDT0.14900.0498pay 0.0249% / 4h3h 28m$298K$16K10x
ShortBitget ZESTUSDT0.14880.0692get 0.0346% / 4h3h 28m$982K$224K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
$40.79
Price spread: −0.134% → −0.029%
−$10.57
Slippage, 4 orders
−$113.12
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$106.9
Costs to cover
1.371%
Break-even
25.3 days
Slippage from BloFin: live order book, 39 min ago; Bitget: live order book, 43 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 BloFin live order book, 39 min ago2.36 bp23.7 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 43 min ago5.40 bp34.6 bp −$35doesn'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%4h0.1489−0.067%$931K$445K10xas long as short
Gate ZEST_USDT+0.0100%4h0.1487−0.181%$793K$48K10xas long as short
KuCoin ZESTUSDTM+0.0100%4h0.1490+0.027%$1.5M$465K10xas long as short
Aster ZESTUSDT+0.0478%4h0.1490−0.013%$194K$47K5xas long as short
MEXC ZEST_USDT+0.0488%4h0.1491+0.081%$9.6M$103K20xas long as short
BloFin ZEST-USDTlong+0.0498%4h0.1490long leg$298K$16K10x
Binance ZESTUSDT+0.0506%4h0.1491+0.094%$5.8M$1.6M10xas long as short
BingX ZEST-USDT+0.0661%4h0.1490+0.020%$739Kas long as short
Bitget ZESTUSDTshort+0.0692%4h0.1488−0.134%$982K$224K10x