Funding you earn now, next payment 08:00 UTC−0.0259%/8h= −28.3% APRnext payment −$1.29 per $10,000 · paid last 24h −0.064%
Price spread now: Bybit against Binance−0.216%7-day average −0.205% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1681.682% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now −0.216%, 7d avg −0.205%
=The price spread sits at its 7-day average of −0.205%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.29 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 | Binance ZEREBROUSDT | 0.03382 | 0.0359 | pay 0.0179% / 4h | 0m 34s | $4.6M | $1.5M | 10x |
| Short | Bybit ZEREBROUSDT | 0.03375 | 0.0100 | get 0.0050% / 4h | 0m 34s | $5.2M | $905K | 13x |
Binance ZEREBROUSDT
Bybit ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$54.35
- Price spread: −0.216% → −0.205%
- −$1.09
- Slippage, 4 orders
- −$147.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$223.6
- Costs to cover
- 1.682%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 2 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 Binance live order book, 7 min ago | 2.51 bp | 28.9 bp −$29 | 416.6 bp −$4,166 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.45 bp | 50.4 bp −$50 | 225.6 bp −$2,256 | 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 | 0.03375 | −0.216% | $5.2M | $905K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03379 | −0.098% | $453K | $25K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03379 | −0.098% | $1.4M | $2.9M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03374 | −0.244% | $108K | $15K | — | as long as short |
| Kraken Futures PF_ZEREBROUSD | +0.0279% | 1h | 0.03377 | −0.169% | $3K | $2K | 10x | as long as short |
| Aster ZEREBROUSDT | +0.0348% | 4h | 0.03391 | +0.264% | $380K | $40K | 5x | as long as short |
| MEXC ZEREBRO_USDT | +0.0358% | 4h | 0.03383 | +0.018% | $7.1M | $131K | 50x | as long as short |
| Binance ZEREBROUSDTlong | +0.0359% | 4h | 0.03382 | long leg | $4.6M | $1.5M | 10x | |
| Extended ZEREBRO-USD | +0.0360% | 1h | 0.03380 | −0.077% | $3K | $223K | 5x | as long as short |
| BingX ZEREBRO-USDT | +0.0378% | 4h | 0.03378 | −0.127% | — | $1.3M | — | as long as short |
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
Kraken Futures PF_ZEREBROUSD
Aster ZEREBROUSDT
MEXC ZEREBRO_USDT
Extended ZEREBRO-USD
BingX ZEREBRO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZEREBRO-USDT | +0.0406% | 4h | 0.03386 | +0.109% | $272K | $12K | 10x | as long as short |
BloFin ZEREBRO-USDT