Funding you earn now, next payment 06:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.625%
Price spread now: Kraken Futures against Binance−0.458%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Kraken Futures is 0.458% cheaper against Binance than usual: you would sell low and buy high (spread −0.458% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 6.0 days of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZEREBROUSDT | 0.03441 | 0.0292 | pay 0.0146% / 4h | 2h 50m | $4.7M | $1.4M | 10x |
| Short | Kraken Futures PF_ZEREBROUSD | 0.03425 | 0.0546 | get 0.0068% / 1h | 50m 39s | $3K | $2K | 10x |
Binance ZEREBROUSDT
Kraken Futures PF_ZEREBROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $53.24
- Price spread: −0.458% → 0.000%
- −$45.77
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$12.54
- Costs to cover
- 0.200%
- Break-even
- 8.6 days
Slippage unknown: Binance: live order book, 2 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 2 min ago | 2.04 bp | 31.7 bp −$32 | 462.9 bp −$4,629 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 ZEREBROUSDT | +0.0100% | 4h | 0.03432 | −0.252% | $5.3M | $943K | 13x | as long as short |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03423 | −0.508% | $459K | $24K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03431 | −0.273% | $1.5M | $3.0M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03425 | −0.441% | $109K | $15K | — | as long as short |
| BingX ZEREBRO-USDT | +0.0228% | 4h | 0.03434 | −0.194% | — | $1.3M | — | as long as short |
| BloFin ZEREBRO-USDT | +0.0260% | 4h | 0.03426 | −0.427% | $273K | $12K | 10x | as long as short |
| Extended ZEREBRO-USD | +0.0264% | 1h | 0.03436 | −0.119% | $979 | $227K | 5x | as long as short |
| MEXC ZEREBRO_USDT | +0.0266% | 4h | 0.03437 | −0.092% | $7.2M | $124K | 50x | as long as short |
| Binance ZEREBROUSDTlong | +0.0292% | 4h | 0.03441 | long leg | $4.7M | $1.4M | 10x | |
| Aster ZEREBROUSDT | +0.0306% | 4h | 0.03428 | −0.376% | $385K | $19K | 5x | as long as short |
Bybit ZEREBROUSDT
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BingX ZEREBRO-USDT
BloFin ZEREBRO-USDT
Extended ZEREBRO-USD
MEXC ZEREBRO_USDT
Aster ZEREBROUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZEREBROUSDshort | +0.0546% | 1h | 0.03425 | −0.458% | $3K | $2K | 10x |