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+0.0289%/8h= +31.6% APRnext payment +$1.44 per $10,000 · paid last 24h +0.152%
Price spread now: BloFin against Gate+0.223%63s7-day average +0.255% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3,320as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3,39233.920% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.725%+$72 on $10k
Price spread, last 3 days (all we have)+0.122%+$12 · spread now +0.223%, 7d avg +0.255%
Together, before fees+0.846%+$85 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.032% cheaper against Gate than usual: you would sell low and buy high (spread +0.223% now, against its 7-day average of +0.255%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ZEST_USDT0.14790.0100pay 0.0050% / 4h20m 00s$789K$49K10x
ShortBloFin ZEST-USDT0.14830.0389get 0.0194% / 4h20m 00s$297K$15K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$60.59
Price spread: +0.223% → +0.255%
−$3.21
Slippage, 4 orders
−$3,365.03
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$3,334.65
Costs to cover
33.920%
Break-even
392.2 days
Slippage from Gate: live order book, 57 min ago; BloFin: live order book, 52 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, 57 min ago11.45 bp2076.7 bp −$2,077doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 52 min ago4.04 bp33.5 bp −$34doesn'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%4h0.1480+0.041%$926K$446K10xas long as short
Gate ZEST_USDTlong+0.0100%4h0.1479long leg$789K$49K10x
KuCoin ZESTUSDTM+0.0100%4h0.1482+0.196%$1.5M$453K10xas long as short
Aster ZESTUSDT+0.0334%4h0.1480+0.034%$193K$49K5xas long as short
BloFin ZEST-USDTshort+0.0389%4h0.1483+0.223%$297K$15K10x
MEXC ZEST_USDT+0.0420%4h0.1483+0.243%$9.5M$104K20xas long as short
Binance ZESTUSDT+0.0421%4h0.1483+0.243%$5.7M$1.6M10xas long as short
BingX ZEST-USDT+0.0666%4h0.1482+0.189%$740Kas long as short
Bitget ZESTUSDT+0.0700%4h0.1483+0.230%$979K$226K10xas long as short