Funding you earn now, next payment 08:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.064%
Price spread now: Binance against Bybit+0.263%7-day average +0.204% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1581.578% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 7 days−0.109%−$11 · spread now +0.263%, 7d avg +0.204%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.059% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.204%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZEREBROUSDT | 0.03423 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $5.3M | $930K | 13x |
| Short | Binance ZEREBROUSDT | 0.03432 | 0.0199 | get 0.0100% / 4h | 3h 30m | $4.7M | $1.4M | 10x |
Bybit ZEREBROUSDT
Binance ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $20.83
- Price spread: +0.263% → +0.204%
- $5.89
- Slippage, 4 orders
- −$136.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$131.04
- Costs to cover
- 1.578%
- Break-even
- 51.0 days
Slippage from Bybit: live order book, 2 min ago; Binance: 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 Bybit live order book, 2 min ago | 5.86 bp | 44.8 bp −$45 | 351.7 bp −$3,517 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.61 bp | 27.1 bp −$27 | 337.2 bp −$3,372 | 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 | +0.0010% | 1h | 0.03424 | +0.040% | $3K | $2K | 10x | as long as short |
| Bybit ZEREBROUSDTlong | +0.0100% | 4h | 0.03423 | long leg | $5.3M | $930K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03421 | −0.047% | $458K | $24K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03424 | +0.044% | $1.5M | $3.0M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03422 | −0.020% | $109K | $15K | — | as long as short |
| BloFin ZEREBRO-USDT | +0.0170% | 4h | 0.03426 | +0.108% | $273K | $12K | 10x | as long as short |
| MEXC ZEREBRO_USDT | +0.0198% | 4h | 0.03431 | +0.257% | $7.2M | $125K | 50x | as long as short |
| Binance ZEREBROUSDTshort | +0.0199% | 4h | 0.03432 | +0.263% | $4.7M | $1.4M | 10x | |
| Extended ZEREBRO-USD | +0.0200% | 1h | 0.03431 | +0.248% | $2K | $151K | 5x | as long as short |
| BingX ZEREBRO-USDT | +0.0202% | 4h | 0.03426 | +0.102% | — | $1.3M | — | as long as short |
Kraken Futures PF_ZEREBROUSD
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BloFin ZEREBRO-USDT
MEXC ZEREBRO_USDT
Extended ZEREBRO-USD
BingX ZEREBRO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZEREBROUSDT | +0.0216% | 4h | 0.03429 | +0.173% | $385K | $19K | 5x | as long as short |
Aster ZEREBROUSDT