Funding arb · Price arb /

ZEST

all ZEST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.007%7-day average +0.140% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6,240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6,262as in the Price arb table

costs, in and out, $10k−$6,24862.481% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.007%, 7d avg +0.140%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.134% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEST_USDT	0.1516	0.0100	pay 0.0050% / 4h	1h 10m	$804K	$57K	10x
Short	KuCoin ZESTUSDTM	0.1516	0.0100	get 0.0050% / 4h	1h 10m	$1.5M	$522K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.140%: −$13.38
Slippage, 4 orders: −$6,221.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6,261.52
Costs to cover: 62.481%
Break-even: never at this rate

Slippage from Gate: live order book, 31 min ago; KuCoin: live order book, 5 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 Gate live order book, 31 min ago	16.30 bp	2652.9 bp −$2,653	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	9.61 bp	917.8 bp −$918	doesn't fit	doesn't fit	doesn't fit

ZEST on 9 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 ZESTUSDT	+0.0100%	4h	0.1515	−0.059%	$964K	$435K	10x	as long as short
Gate ZEST_USDTlong	+0.0100%	4h	0.1516	long leg	$804K	$57K	10x
KuCoin ZESTUSDTMshort	+0.0100%	4h	0.1516	+0.007%	$1.5M	$522K	10x
Aster ZESTUSDT	+0.0278%	4h	0.1514	−0.126%	$196K	$45K	5x	as long as short
Bitget ZESTUSDT	+0.0300%	4h	0.1518	+0.125%	$953K	$189K	10x	as long as short
BloFin ZEST-USDT	+0.0303%	4h	0.1520	+0.277%	$307K	$16K	10x	as long as short
MEXC ZEST_USDT	+0.0308%	4h	0.1518	+0.152%	$9.7M	$101K	20x	as long as short
BingX ZEST-USDT	+0.0316%	4h	0.1518	+0.112%	—	$751K	—	as long as short
Binance ZESTUSDT	+0.0321%	4h	0.1519	+0.172%	$5.9M	$1.2M	10x	as long as short