Settings8H · net · $10k
Funding arb · Price arb /

ZEST

all ZEST markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0084%/8h= −9.2% APRnext payment $0.42 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin−0.231%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,266as in the Price arb table
costs, in and out, $10k−$2,24922.486% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.196%+$20 on $10k
Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.231%, 7d avg −0.055%
Together, before fees+0.478%+$48 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.176% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.055%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.196%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZESTUSDTM0.14700.0184pay 0.0092% / 4h47m 14s$1.5M$762K10x
ShortBybit ZESTUSDT0.14670.0100get 0.0050% / 4h47m 14s$944K$576K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$17.64
Price spread: −0.231% → −0.055%
−$17.59
Slippage, 4 orders
−$2,225.56
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$2,283.79
Costs to cover
22.486%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 56 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, 1 min ago13.94 bp819.6 bp −$820doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 56 min ago6.92 bp202.7 bp −$203doesn't fitdoesn't fitdoesn't fit

ZEST on 9 exchanges

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 ZESTUSDTshort+0.0100%4h0.1467−0.231%$944K$576K10x
Gate ZEST_USDT+0.0100%4h0.1469−0.082%$775K$76K10xas long as short
KuCoin ZESTUSDTMlong+0.0184%4h0.1470long leg$1.5M$762K10x
Bitget ZESTUSDT+0.0600%4h0.1470−0.054%$968K$353K10xas long as short
Binance ZESTUSDT+0.0602%4h0.1473+0.173%$5.7M$2.2M10xas long as short
BingX ZEST-USDT+0.0610%4h0.1471+0.034%$753Kas long as short
MEXC ZEST_USDT+0.0616%4h0.1471+0.034%$9.4M$118K20xas long as short
BloFin ZEST-USDT+0.0655%4h0.1471+0.061%$301K$21K10xas long as short
Aster ZESTUSDT+0.0707%4h0.1469−0.080%$188K$54K5xas long as short