ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0244%/8h= −26.7% APRnext payment −$1.22 per $10,000 · paid last 24h −0.060%

Price spread now: Bybit against BingX+0.044%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1481.482% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.044%, 7d avg −0.097%

Together, before fees−0.192%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.142% dearer against BingX than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.097%): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.108% in total) that is about 9.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.108% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.22 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	BingX ZEREBRO-USDT	0.03377	0.0344	pay 0.0172% / 4h	2m 43s	—	$1.3M	—
Short	Bybit ZEREBROUSDT	0.03379	0.0100	get 0.0050% / 4h	2m 43s	$5.2M	$879K	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$51.24
Price spread: +0.044% → −0.097%: $14.17
Slippage, 4 orders: −$127.2
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$185.27
Costs to cover: 1.482%
Break-even: never at this rate

Slippage from BingX: live order book, 3 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 BingX live order book, 3 min ago	4.73 bp	24.9 bp −$25	269.8 bp −$2,698	542.6 bp −$54.3K	726.4 bp −$363.2K
Sell Bybit live order book, 5 min ago	5.93 bp	44.3 bp −$44	219.5 bp −$2,195	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
Kraken Futures PF_ZEREBROUSD	−0.0481%	1h	0.03380	+0.096%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDTshort	+0.0100%	4h	0.03379	+0.044%	$5.2M	$879K	13x
Gate ZEREBRO_USDT	+0.0100%	4h	0.03375	−0.074%	$451K	$21K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03374	−0.086%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03370	−0.212%	$108K	$14K	—	as long as short
MEXC ZEREBRO_USDT	+0.0334%	4h	0.03388	+0.308%	$7.1M	$128K	50x	as long as short
Extended ZEREBRO-USD	+0.0336%	1h	0.03385	+0.241%	$5K	$169K	5x	as long as short
Binance ZEREBROUSDT	+0.0337%	4h	0.03387	+0.296%	$4.6M	$1.3M	10x	as long as short
BingX ZEREBRO-USDTlong	+0.0344%	4h	0.03377	long leg	—	$1.3M	—
Aster ZEREBROUSDT	+0.0354%	4h	0.03385	+0.243%	$380K	$22K	5x	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	+0.0373%	4h	0.03385	+0.237%	$265K	$12K	10x	as long as short