ZEST arbitrage explained
Right now Zest Protocol (ZEST) trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.1846 and the highest bid on Gate perp at $0.1851.
The widest ZEST perpetual spread is between MEXC and Gate: long ZEST on MEXC at $0.1847 and short on Gate at $0.1851 for +0.24% gross, or +0.08% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.450% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ZEST route is to buy spot on Gate and short the perpetual on Gate: +0.30% gross, +0.10% net, with +0.480% a day of funding on the short leg.
Spot–spot ZEST arbitrage (buy on MEXC, withdraw, deposit and sell on Gate) shows -0.16% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small ZEST gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: ZEST funding rates · ZEST spread charts · Zest Protocol price · arbitrage scanner for all coins.