ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0220%/8h= +24.1% APRnext payment +$1.10 per $10,000 · paid last 24h +0.074%

Price spread now: MEXC against Bybit+0.268%7-day average +0.210% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1491.492% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 7 days−0.143%−$14 · spread now +0.268%, 7d avg +0.210%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and MEXC 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 +0.210%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.10 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	Bybit ZEREBROUSDT	0.03427	0.0100	pay 0.0050% / 4h	22m 41s	$5.3M	$927K	13x
Short	MEXC ZEREBRO_USDT	0.03436	0.0320	get 0.0160% / 4h	22m 41s	$7.2M	$126K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.268%Rate

Funding earned: $46.2
Price spread: +0.268% → +0.210%: $5.86
Slippage, 4 orders: −$134.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$97.15
Costs to cover: 1.492%
Break-even: 21.7 days

Slippage from Bybit: live order book, 5 min ago; MEXC: 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 Bybit live order book, 5 min ago	2.93 bp	53.8 bp −$54	336.7 bp −$3,367	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.36 bp	24.6 bp −$25	54.0 bp −$540	228.6 bp −$22.9K	374.4 bp −$187.2K

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	+0.0033%	1h	0.03430	+0.094%	$3K	$2K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0096%	4h	0.03428	+0.020%	$1.5M	$3.0M	10x	as long as short
Bybit ZEREBROUSDTlong	+0.0100%	4h	0.03427	long leg	$5.3M	$927K	13x
Gate ZEREBRO_USDT	+0.0100%	4h	0.03428	+0.026%	$459K	$24K	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03417	−0.299%	$109K	$15K	—	as long as short
BingX ZEREBRO-USDT	+0.0300%	4h	0.03431	+0.128%	—	$1.3M	—	as long as short
Extended ZEREBRO-USD	+0.0320%	1h	0.03435	+0.223%	$917	$154K	5x	as long as short
MEXC ZEREBRO_USDTshort	+0.0320%	4h	0.03436	+0.268%	$7.2M	$126K	50x
Binance ZEREBROUSDT	+0.0321%	4h	0.03437	+0.289%	$4.7M	$1.4M	10x	as long as short
BloFin ZEREBRO-USDT	+0.0339%	4h	0.03437	+0.277%	$273K	$12K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZEREBROUSDT	+0.0366%	4h	0.03433	+0.185%	$385K	$19K	5x	as long as short