Funding you earn now, next payment 00:00 UTC−0.0360%/8h= −39.4% APRnext payment −$1.80 per $10,000 · paid last 24h −0.098%
Price spread now: Bybit against Aster−0.122%7-day average −0.180% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$986as in the Price arb table
costs, in and out, $10k−$9929.916% of the position
Funding, last 5 days (all we have)−0.180%−$18 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now −0.122%, 7d avg −0.180%
=Together, before fees−0.361%+ Points / potential airdropAster: Stage 5 · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.058% dearer against Aster than usual: you sell high and buy low (spread −0.122% now, against its 7-day average of −0.180%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 5 days (−0.180% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.180% in total (about -12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.80 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ZEREBROUSDT | 0.03384 | 0.0460 | pay 0.0230% / 4h | 2h 37m | $380K | $22K | 5x |
| Short | Bybit ZEREBROUSDT | 0.03380 | 0.0100 | get 0.0050% / 4h | 2h 37m | $5.2M | $875K | 13x |
Aster ZEREBROUSDT
Bybit ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$75.58
- Price spread: −0.122% → −0.180%
- $5.81
- Slippage, 4 orders
- −$972.6
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,061.37
- Costs to cover
- 9.916%
- Break-even
- never at this rate
Slippage from Aster: live order book, 49 min ago; Bybit: 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 Aster live order book, 49 min ago | 6.07 bp | 445.9 bp −$446 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.47 bp | 53.7 bp −$54 | 249.7 bp −$2,497 | doesn't fit | doesn't fit |
ZEREBRO on 11 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 ZEREBROUSDTshort | +0.0100% | 4h | 0.03380 | −0.122% | $5.2M | $875K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03375 | −0.282% | $449K | $20K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03377 | −0.214% | $1.4M | $2.9M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03356 | −0.831% | $108K | $14K | — | as long as short |
| BloFin ZEREBRO-USDT | +0.0277% | 4h | 0.03374 | −0.302% | $265K | $11K | 10x | as long as short |
| MEXC ZEREBRO_USDT | +0.0300% | 4h | 0.03383 | −0.045% | $7.1M | $125K | 50x | as long as short |
| Extended ZEREBRO-USD | +0.0304% | 1h | 0.03385 | +0.019% | $5K | $169K | 5x | as long as short |
| BingX ZEREBRO-USDT | +0.0308% | 4h | 0.03381 | −0.102% | — | $1.3M | — | as long as short |
| Binance ZEREBROUSDT | +0.0316% | 4h | 0.03385 | +0.031% | $4.6M | $1.3M | 10x | as long as short |
| Aster ZEREBROUSDTlong | +0.0460% | 4h | 0.03384 | long leg | $380K | $22K | 5x |
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BloFin ZEREBRO-USDT
MEXC ZEREBRO_USDT
Extended ZEREBRO-USD
BingX ZEREBRO-USDT
Binance ZEREBROUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZEREBROUSD | +1.3638% | 1h | 0.03372 | −0.359% | $3K | $2K | 10x | as long as short |
Kraken Futures PF_ZEREBROUSD