Settings8H · net · $10k
Funding arb · Price arb /

ZEREBRO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.011%
Price spread now: BingX against Extended−0.145%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2582.582% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.145%, 7d avg −0.070%
Together, before fees+0.073%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.075% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ZEREBRO-USD0.034310.0200pay 0.0025% / 1h30m 49s$2K$151K5x
ShortBingX ZEREBRO-USDT0.034260.0202get 0.0101% / 4h3h 30m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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

Funding earned
$0.42
Price spread: −0.145% → −0.070%
−$7.54
Slippage, 4 orders
−$243.24
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$265.36
Costs to cover
2.582%
Break-even
4429.7 days
Slippage from Extended: live order book, 20 min ago; BingX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 20 min ago6.72 bp83.4 bp −$83745.3 bp −$7,453doesn't fitdoesn't fit
Sell BingX live order book, 14 min ago6.14 bp33.4 bp −$33272.1 bp −$2,721634.1 bp −$63.4K828.0 bp −$414.0K

ZEREBRO on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZEREBROUSD+0.0010%1h0.03424−0.207%$3K$2K10xas long as short
Bybit ZEREBROUSDT+0.0100%4h0.03423−0.247%$5.3M$930K13xas long as short
Gate ZEREBRO_USDT+0.0100%4h0.03421−0.294%$458K$24K10xas long as short
KuCoin ZEREBROUSDTM+0.0100%4h0.03424−0.203%$1.5M$3.0M10xas long as short
Variational Omni ZEREBRO+0.0100%4h0.03422−0.267%$109K$15Kas long as short
BloFin ZEREBRO-USDT+0.0170%4h0.03426−0.139%$273K$12K10xas long as short
MEXC ZEREBRO_USDT+0.0198%4h0.03431+0.009%$7.2M$125K50xas long as short
Binance ZEREBROUSDT+0.0199%4h0.03432+0.015%$4.7M$1.4M10xas long as short
Extended ZEREBRO-USDlong+0.0200%1h0.03431long leg$2K$151K5x
BingX ZEREBRO-USDTshort+0.0202%4h0.03426−0.145%$1.3M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZEREBROUSDT+0.0216%4h0.03429−0.074%$385K$19K5xas long as short