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−0.0293%/8h= −32.1% APRnext payment $1.47 per $10,000 · paid last 24h −0.066%
Price spread now: BloFin against Bitget−0.120%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1611.613% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.556%+$56 on $10k
Price spread, last 4 days (all we have)+0.317%+$32 · spread now −0.120%, 7d avg +0.021%
Together, before fees+0.874%+$87 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.141% cheaper against Bitget than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.556%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZESTUSDT0.15040.0502pay 0.0251% / 4h2h 31m$944K$191K10x
ShortBloFin ZEST-USDT0.15020.0209get 0.0104% / 4h2h 31m$303K$15K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
−$61.54
Price spread: −0.120% → +0.021%
−$14.11
Slippage, 4 orders
−$137.31
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$236.97
Costs to cover
1.613%
Break-even
never at this rate
Slippage from Bitget: live order book, 15 min ago; BloFin: live order book, 58 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 Bitget live order book, 15 min ago6.69 bp44.8 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 58 min ago3.99 bp47.3 bp −$47doesn'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%4h0.1500−0.266%$949K$405K10xas long as short
Gate ZEST_USDT+0.0100%4h0.1498−0.399%$801K$51K10xas long as short
KuCoin ZESTUSDTM+0.0100%4h0.1501−0.193%$1.5M$506K10xas long as short
Aster ZESTUSDT+0.0139%4h0.1500−0.286%$196K$47K5xas long as short
MEXC ZEST_USDT+0.0198%4h0.1505+0.060%$9.6M$100K20xas long as short
Binance ZESTUSDT+0.0204%4h0.1505+0.043%$5.8M$1.2M10xas long as short
BloFin ZEST-USDTshort+0.0209%4h0.1502−0.120%$303K$15K10x
BingX ZEST-USDT+0.0462%4h0.1504−0.007%$748Kas long as short
Bitget ZESTUSDTlong+0.0502%4h0.1504long leg$944K$191K10x