ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0272%/8h= −29.7% APRnext payment −$1.36 per $10,000 · paid last 24h −0.059%

Price spread now: KuCoin against Binance−0.118%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,376as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,358as in the Price arb table

costs, in and out, $10k−$1,35913.593% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.118%, 7d avg −0.128%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.128%, 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 -0.164% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.36 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	0.03380	0.0372	pay 0.0186% / 4h	19m 41s	$4.6M	$1.5M	10x
Short	KuCoin ZEREBROUSDTM	0.03376	0.0100	get 0.0050% / 4h	19m 41s	$1.4M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$57.05
Price spread: −0.118% → −0.128%: $0.99
Slippage, 4 orders: −$1,337.32
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,415.39
Costs to cover: 13.593%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 7 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, 2 min ago	2.82 bp	31.8 bp −$32	367.7 bp −$3,677	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	4.15 bp	594.1 bp −$594	doesn't fit	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 ZEREBROUSDT	+0.0100%	4h	0.03374	−0.172%	$5.2M	$911K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03371	−0.257%	$452K	$25K	10x	as long as short
KuCoin ZEREBROUSDTMshort	+0.0100%	4h	0.03376	−0.118%	$1.4M	$2.9M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03364	−0.464%	$107K	$15K	—	as long as short
Kraken Futures PF_ZEREBROUSD	+0.0280%	1h	0.03372	−0.232%	$3K	$2K	10x	as long as short
Binance ZEREBROUSDTlong	+0.0372%	4h	0.03380	long leg	$4.6M	$1.5M	10x
Aster ZEREBROUSDT	+0.0372%	4h	0.03393	+0.395%	$380K	$40K	5x	as long as short
MEXC ZEREBRO_USDT	+0.0372%	4h	0.03381	+0.041%	$7.1M	$130K	50x	as long as short
Extended ZEREBRO-USD	+0.0376%	1h	0.03379	−0.028%	$2K	$219K	5x	as long as short
BingX ZEREBRO-USDT	+0.0398%	4h	0.03372	−0.240%	—	$1.3M	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZEREBRO-USDT	+0.0422%	4h	0.03374	−0.154%	$272K	$12K	10x	as long as short