ZEST Funding Rate Arbitrage
Delta-neutral, not risk-free: funding can flip, and you need margin on both legs (liquidation risk on either exchange). Yields are annualized from the current funding spread and change every funding interval.
ZEST funding pairs across exchanges
LIVEBoth legs of every pair use rates from the same moment. The spread is the hourly funding rate of the short leg minus the long leg; the annual figure is the hourly spread × 8760 at the rates shown. The result covers 30 days on 5,000 USDT per leg with the venues’ public taker fees; the order-book spread and slippage on execution are not included.
| Long | Short | Spread per hour | Annual (hourly × 8760) | Status | Result for 30 days |
|---|---|---|---|---|---|
| Gate.io ZEST_USDT | Bybit ZESTUSDT | +0.012687%/h | ≈ +111.14% APR | from known costs | +443.79 USDT |
| Gate.io ZEST_USDT | KuCoin ZESTUSDTM | +0.011600%/h | ≈ +101.62% APR | from known costs | +404.30 USDT |
| MEXC ZEST_USDT | Bybit ZESTUSDT | +0.009387%/h | ≈ +82.23% APR | from known costs | +330.01 USDT |
| Binance ZESTUSDT | Bybit ZESTUSDT | +0.009292%/h | ≈ +81.39% APR | from known costs | +323.79 USDT |
| MEXC ZEST_USDT | KuCoin ZESTUSDTM | +0.008300%/h | ≈ +72.71% APR | from known costs | +290.97 USDT |
| Binance ZESTUSDT | KuCoin ZESTUSDTM | +0.008205%/h | ≈ +71.87% APR | from known costs | +284.60 USDT |
| Aster ZESTUSDT | Bybit ZESTUSDT | +0.007898%/h | ≈ +69.19% APR | from known costs | +275.23 USDT |
| Aster ZESTUSDT | KuCoin ZESTUSDTM | +0.006812%/h | ≈ +59.67% APR | from known costs | +236.00 USDT |
| Gate.io ZEST_USDT | Bitget ZESTUSDT | +0.006725%/h | ≈ +58.91% APR | from known costs | +228.62 USDT |
| Bitget ZESTUSDT | Bybit ZESTUSDT | +0.005962%/h | ≈ +52.22% APR | from known costs | +203.72 USDT |
| Bitget ZESTUSDT | KuCoin ZESTUSDTM | +0.004875%/h | ≈ +42.71% APR | from known costs | +164.63 USDT |
| Gate.io ZEST_USDT | Aster ZESTUSDT | +0.004789%/h | ≈ +41.95% APR | from known costs | +160.91 USDT |
| MEXC ZEST_USDT | Bitget ZESTUSDT | +0.003425%/h | ≈ +30.00% APR | from known costs | +114.51 USDT |
| Gate.io ZEST_USDT | Binance ZESTUSDT | +0.003395%/h | ≈ +29.74% APR | from known costs | +109.87 USDT |
| Gate.io ZEST_USDT | MEXC ZEST_USDT | +0.003300%/h | ≈ +28.91% APR | from known costs | +109.46 USDT |
| Binance ZESTUSDT | Bitget ZESTUSDT | +0.003330%/h | ≈ +29.17% APR | from known costs | +108.19 USDT |
| Aster ZESTUSDT | Bitget ZESTUSDT | +0.001937%/h | ≈ +16.96% APR | from known costs | +59.64 USDT |
| MEXC ZEST_USDT | Aster ZESTUSDT | +0.001489%/h | ≈ +13.04% APR | from known costs | +47.05 USDT |
| Binance ZESTUSDT | Aster ZESTUSDT | +0.001393%/h | ≈ +12.20% APR | from known costs | +40.70 USDT |
| KuCoin ZESTUSDTM | Bybit ZESTUSDT | +0.001087%/h | ≈ +9.52% APR | from known costs | +26.69 USDT |
| MEXC ZEST_USDT | Binance ZESTUSDT | +0.000095%/h | ≈ +0.83% APR | from known costs | −3.62 USDT |
Pairs outside the list without usable data: 7.
- The instrument is not trading right now. (7)
ZEST: scenario for the top pair
ZEST · long Gate.io ZEST_USDT · short Bybit ZESTUSDT · 5,000 per leg · 30 days
Result from known costs
Some costs are unknown, so the total is incomplete. Missing:
- Execution costs (spread and slippage) are not estimated.
- The fee is a baseline value, not a verified fee of the venue or of your account.
Result from known costs
+443.79 USDT
30d
Rates
- Rate spread per hour
- +0.012687%/h
- Spread, annualized
- ≈ +111.14% APR
| Instrument | Rate per period | Rate kind | Per hour | Annual (hourly × 8760) | Who pays | Next settlement |
|---|---|---|---|---|---|---|
| ZEST_USDT · Gate.io | +0.005000% per 4h | current, accruing | +0.001250%/h | ≈ +10.95% APR | long pays | from exchange data |
| ZESTUSDT · Bybit | +0.055747% per 4h | current, accruing | +0.013937%/h | ≈ +122.09% APR | short receives | from exchange data |
- Annual = hourly rate × 8760 h — the rate shown, stretched over a year.
Costs and result
- Funding over 30d
- +456.77 USDT
- Trading fee, Gate.io, entry
- −3.74 USDT taker · 0.0750% · the venue’s fee for this contract
- Trading fee, Gate.io, exit
- −3.74 USDT taker · 0.0750% · the venue’s fee for this contract
- Trading fee, Bybit, entry
- −2.75 USDT taker · 0.0550% · base fee, not your account’s verified fee
- Trading fee, Bybit, exit
- −2.75 USDT taker · 0.0550% · base fee, not your account’s verified fee
- Spread and slippage, Gate.io, entry
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, Gate.io, exit
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, Bybit, entry
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, Bybit, exit
- —Execution costs (spread and slippage) are not estimated.
- Result from known costs
- +443.79 USDT
Break-even
- Calendar break-even
- Oct 25, 2026 11:00 MSK (08:00 UTC)
- Approximation: costs ÷ daily funding flow
- ≈ 0.85 days
- Funding spread to break even over 30d
- 0.008654%/day
- Break-even uses known costs only, so it is not the full break-even.
Rate history
- Full history since
- Payments in history
- 162
- History coverage
- 13.33%
| Window | Status | Mean spread (time-weighted) | Sum of settled rates | Share of positive periods | Sign changes | Payments · coverage | Reasons |
|---|---|---|---|---|---|---|---|
| 24 h | from known costs | +0.005352%/h | —There is not enough rate history for this metric. | 60.00% | 0 | 10 · 83.33% | There is not enough rate history for this metric. |
| 7 days | from known costs | +0.001378%/h | +0.259097% | 57.14% | 0 | 84 · 100.00% | Rates are unknown for part of the period: the metric uses known values only. |
| 30 days | from known costs | +0.000764%/h | —Rates are unknown for part of the period: the metric uses known values only. | 41.67% | 2 | 162 · 40.00% | Rates are unknown for part of the period: the metric uses known values only. |
| 90 days | from known costs | +0.000764%/h | —Rates are unknown for part of the period: the metric uses known values only. | 41.67% | 2 | 162 · 13.33% | Rates are unknown for part of the period: the metric uses known values only.; There is not enough rate history for this metric. |
- The funding path is hypothetical: fixed size, no price changes, fees or liquidations.
Data and assumptions
- Gate.io rate
- Bybit rate
- Valid until
- Gate.io: The venue’s forecast repeats the current rate and is not counted separately.
- The pair’s rates come from the shared list update and were not rechecked separately.
- A payment at the opening moment is outside the period; a payment at the closing moment is inside.
- Quantity = notional ÷ the higher of the leg prices.
- The price funding is calculated from does not change until the payment.
- The current rate stays unchanged in repeats.
- The funding interval does not change.
- Capital is already on the venues: no entry transfer; return and rebalancing are not included.
- The exit price equals the current price: exit notional and fee are as of now.
- Margin equals the leg notional (1× leverage).
- Reserve on the venue is 0.
- Margin equals the leg notional (1× leverage).
- Reserve on the venue is 0.
Each button opens one leg of this calculation on its venue.
ZEST pairs over the last 7 days
Past days, not current opportunities. Days and times are MSK.
Last usable pair: Oct 24, 2026 13:35 MSK (10:35 UTC), long Gate.io ZEST_USDT / short Bybit ZESTUSDT, +0.012687%/h.
| Day | Updates with a pair | Most pairs at once | Widest spread | Pair |
|---|---|---|---|---|
| 82 | 21 | +0.060600%/h | long Bybit ZESTUSDT / short KuCoin ZESTUSDTM | |
| 144 | 21 | +0.059175%/h | long MEXC ZEST_USDT / short KuCoin ZESTUSDTM | |
| 139 | 21 | +0.008200%/h | long MEXC ZEST_USDT / short KuCoin ZESTUSDTM | |
| 141 | 21 | +0.014450%/h | long Aster ZESTUSDT / short KuCoin ZESTUSDTM | |
| 20 | 21 | +0.005050%/h | long Bybit ZESTUSDT / short MEXC ZEST_USDT |
How funding rate arbitrage works
A perpetual futures contract pays a periodic funding rate between longs and shorts. When two exchanges show different funding rates for the same coin, you can go long where funding is low (or negative) and short where it is high — staying delta-neutral on price while collecting the funding spread. Yieldo scans live rates across all supported exchanges and ranks the best long/short pairs after fees.
ZEST on Yieldo
Related Pages
FAQ
ZEST FAQ
What is funding rate arbitrage?
It is a delta-neutral strategy: you open a long position where the perpetual funding rate is low or negative and a short of the same size where funding is high. Price moves cancel out, and you collect the difference in funding payments.
Is ZEST funding arbitrage risk-free?
No. It is market-neutral, not risk-free. Funding rates can flip before the next payment, both legs require margin (liquidation risk), and exchange or transfer issues can break the hedge. Treat the annualized yield as indicative, not guaranteed.
How is the annualized yield calculated?
We take the current funding-rate spread between the two exchanges and annualize it by the number of funding intervals per year for each contract. Actual returns depend on how long the spread persists.
Watch the ZEST funding spread
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