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

ZEREBRO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h −0.002%
Price spread now: BingX against Binance−0.168%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1321.320% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 7 days+0.058%+$6 · spread now −0.168%, 7d avg −0.105%
Together, before fees+0.053%+$5 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: BingX is 0.063% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.105%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZEREBROUSDT0.034190.0358pay 0.0179% / 4h1h 39m$4.7M$1.4M10x
ShortBingX ZEREBRO-USDT0.034130.0358get 0.0179% / 4h1h 39m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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
−$0.07
Price spread: −0.168% → −0.105%
−$6.3
Slippage, 4 orders
−$111.96
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$138.33
Costs to cover
1.320%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; BingX: live order book, 6 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 Binance live order book, 13 min ago5.39 bp39.3 bp −$39417.0 bp −$4,170doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago4.09 bp30.0 bp −$30219.1 bp −$2,191623.8 bp −$62.4K830.7 bp −$415.3K

ZEREBRO on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZEREBROUSD−0.0116%1h0.03408−0.317%$3K$2K10xas long as short
KuCoin ZEREBROUSDTM−0.0016%4h0.03415−0.115%$1.5M$3.0M10xas long as short
Bybit ZEREBROUSDT+0.0100%4h0.03412−0.206%$5.3M$912K13xas long as short
Gate ZEREBRO_USDT+0.0100%4h0.03414−0.141%$461K$23K10xas long as short
Variational Omni ZEREBRO+0.0100%4h0.03415−0.108%$109K$15Kas long as short
BingX ZEREBRO-USDTshort+0.0358%4h0.03413−0.168%$1.3M
Binance ZEREBROUSDTlong+0.0358%4h0.03419long leg$4.7M$1.4M10x
Extended ZEREBRO-USD+0.0360%1h0.03416−0.084%$3K$152K5xas long as short
MEXC ZEREBRO_USDT+0.0362%4h0.03418−0.033%$7.1M$125K50xas long as short
BloFin ZEREBRO-USDT+0.0362%4h0.03420+0.025%$272K$12K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZEREBROUSDT+0.0402%4h0.03424+0.149%$384K$20K5xas long as short