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+0.0482%/8h= +52.8% APRnext payment +$2.41 per $10,000 · paid last 24h +0.119%
Price spread now: BingX against KuCoin−0.184%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,853as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,954as in the Price arb table
costs, in and out, $10k−$1,93219.316% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.788%+$79 on $10k
Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.184%, 7d avg +0.042%
Together, before fees+1.030%+$103 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.226% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of +0.042%). If the spread goes back, that is −$23 on $10k: about 37 hours of funding at the current rate (+$14 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZESTUSDTM0.15220.0100pay 0.0050% / 4h2h 10m$1.5M$515K10x
ShortBingX ZEST-USDT0.15190.0582get 0.0291% / 4h2h 10m$748K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$101.22
Price spread: −0.184% → +0.042%
−$22.55
Slippage, 4 orders
−$1,909.6
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$1,852.94
Costs to cover
19.316%
Break-even
135.1 days
Slippage from KuCoin: live order book, 5 min ago; BingX: live order book, 3 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, 5 min ago13.51 bp859.4 bp −$859doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago6.92 bp78.3 bp −$78296.0 bp −$2,960doesn'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%4h0.1518−0.256%$946K$401K10xas long as short
Gate ZEST_USDT+0.0100%4h0.1518−0.269%$812K$52K10xas long as short
KuCoin ZESTUSDTMlong+0.0100%4h0.1522long leg$1.5M$515K10x
BloFin ZEST-USDT+0.0385%4h0.1523+0.046%$305K$16K10xas long as short
MEXC ZEST_USDT+0.0412%4h0.1521−0.072%$9.7M$101K20xas long as short
Aster ZESTUSDT+0.0420%4h0.1523+0.071%$199K$46K5xas long as short
Binance ZESTUSDT+0.0429%4h0.1519−0.171%$5.9M$1.2M10xas long as short
BingX ZEST-USDTshort+0.0582%4h0.1519−0.184%$748K
Bitget ZESTUSDT+0.0624%4h0.1520−0.131%$954K$190K10xas long as short