ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0378%/8h= −41.4% APRnext payment −$1.89 per $10,000 · paid last 24h −0.071%

Price spread now: KuCoin against BloFin−0.249%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,191as in the Price arb table

costs, in and out, $10k−$1,17911.793% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 3 days (all we have)+0.375%+$37 · spread now −0.249%, 7d avg −0.136%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.113% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.136%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.163% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.89 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	BloFin ZEREBRO-USDT	0.03410	0.0478	pay 0.0239% / 4h	3h 26m	$267K	$12K	10x
Short	KuCoin ZEREBROUSDTM	0.03401	0.0100	get 0.0050% / 4h	3h 26m	$1.4M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.249%Rate

Funding earned: −$79.46
Price spread: −0.249% → −0.136%: −$11.32
Slippage, 4 orders: −$1,155.3
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,270.07
Costs to cover: 11.793%
Break-even: never at this rate

Slippage from BloFin: live order book, 40 min ago; KuCoin: live order book, 6 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, 40 min ago	1.63 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	7.23 bp	490.5 bp −$490	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
Kraken Futures PF_ZEREBROUSD	+0.0089%	1h	0.03403	−0.184%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03405	−0.138%	$5.2M	$868K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03401	−0.252%	$455K	$22K	10x	as long as short
KuCoin ZEREBROUSDTMshort	+0.0100%	4h	0.03401	−0.249%	$1.4M	$2.9M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03399	−0.300%	$109K	$14K	—	as long as short
BingX ZEREBRO-USDT	+0.0428%	4h	0.03407	−0.088%	—	$1.3M	—	as long as short
MEXC ZEREBRO_USDT	+0.0460%	4h	0.03411	+0.044%	$7.1M	$126K	50x	as long as short
Binance ZEREBROUSDT	+0.0461%	4h	0.03411	+0.036%	$4.7M	$1.3M	10x	as long as short
Extended ZEREBRO-USD	+0.0464%	1h	0.03409	−0.034%	$3K	$173K	5x	as long as short
BloFin ZEREBRO-USDTlong	+0.0478%	4h	0.03410	long leg	$267K	$12K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZEREBROUSDT	+0.0480%	4h	0.03402	−0.228%	$382K	$22K	5x	as long as short