ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.26 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against BloFin+0.158%81s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.058% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.135%+$14 · spread now +0.158%, 7d avg +0.005%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.153% dearer against BloFin than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.005%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10.0 days. At the pace of the last 7 days (−0.006% in total) that is about 6 months. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEREBRO-USDT	0.03393	0.0406	pay 0.0203% / 4h	3h 55m	$265K	$12K	10x
Short	Binance ZEREBROUSDT	0.03398	0.0354	get 0.0177% / 4h	3h 55m	$4.6M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.158%Rate

Funding earned: −$10.77
Price spread: +0.158% → +0.005%: $15.32
Slippage, 4 orders: −$83.77
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$101.22
Costs to cover: 1.058%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Binance: live order book, 11 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 BloFin live order book, 10 min ago	1.63 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.81 bp	30.8 bp −$31	291.2 bp −$2,912	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	+0.0090%	1h	0.03389	−0.108%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03390	−0.083%	$5.2M	$879K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03387	−0.183%	$452K	$21K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03382	−0.312%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03390	−0.081%	$109K	$14K	—	as long as short
BingX ZEREBRO-USDT	+0.0350%	4h	0.03393	+0.015%	—	$1.3M	—	as long as short
Extended ZEREBRO-USD	+0.0352%	1h	0.03397	+0.122%	$5K	$164K	5x	as long as short
MEXC ZEREBRO_USDT	+0.0354%	4h	0.03397	+0.133%	$7.1M	$124K	50x	as long as short
Binance ZEREBROUSDTshort	+0.0354%	4h	0.03398	+0.158%	$4.6M	$1.4M	10x
Aster ZEREBROUSDT	+0.0374%	4h	0.03394	+0.035%	$381K	$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-USDTlong	+0.0406%	4h	0.03393	long leg	$265K	$12K	10x