Funding you earn now, next payment 04:00 UTC−0.0584%/8h= −63.9% APRnext payment −$2.92 per $10,000 · paid last 24h −0.113%
Price spread now: Bybit against Binance−0.186%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$461as in the Funding arb table
Net, price: spread back to 7d avg − costs−$422as in the Price arb table
costs, in and out, $10k−$4164.165% of the position
Funding, last 7 days−0.445%−$45 on $10k
+Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.186%, 7d avg −0.129%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.057% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZESTUSDT | 0.1501 | 0.0684 | pay 0.0342% / 4h | 2h 03m | $5.8M | $1.6M | 10x |
| Short | Bybit ZESTUSDT | 0.1498 | 0.0100 | get 0.0050% / 4h | 2h 03m | $911K | $470K | 10x |
Binance ZESTUSDT
Bybit ZESTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$122.61
- Price spread: −0.186% → −0.129%
- −$5.71
- Slippage, 4 orders
- −$395.47
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$544.8
- Costs to cover
- 4.165%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 61 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 Binance live order book, 4 min ago | 2.00 bp | 74.2 bp −$74 | 610.8 bp −$6,108 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 61 min ago | 6.69 bp | 130.0 bp −$130 | doesn't fit | doesn't fit | doesn't fit |
ZEST on 8 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 | 0.1498 | −0.186% | $911K | $470K | 10x | |
| Gate ZEST_USDT | +0.0100% | 4h | 0.1497 | −0.233% | $797K | $50K | 10x | as long as short |
| KuCoin ZESTUSDTM | +0.0230% | 4h | 0.1499 | −0.113% | $1.5M | $479K | 10x | as long as short |
| Binance ZESTUSDTlong | +0.0684% | 4h | 0.1501 | long leg | $5.8M | $1.6M | 10x | |
| Aster ZESTUSDT | +0.0684% | 4h | 0.1499 | −0.107% | $196K | $49K | 5x | as long as short |
| MEXC ZEST_USDT | +0.0704% | 4h | 0.1501 | −0.006% | $9.6M | $105K | 20x | as long as short |
| Bitget ZESTUSDT | +0.0752% | 4h | 0.1500 | −0.053% | $977K | $237K | 10x | as long as short |
| BingX ZEST-USDT | +0.0762% | 4h | 0.1499 | −0.106% | — | $745K | — | as long as short |
Gate ZEST_USDT
KuCoin ZESTUSDTM
Aster ZESTUSDT
MEXC ZEST_USDT
Bitget ZESTUSDT
BingX ZEST-USDT