Funding arb · Price arb /

ZEREBRO

all ZEREBRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.067%

Price spread now: Bybit against Extended+0.006%7-day average −0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs−$314as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$3013.014% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.006%, 7d avg −0.144%

Together, before fees−0.328%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.150% dearer against Extended than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.144%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 7 days (−0.124% in total) that is about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZEREBRO-USD	0.03409	0.0232	pay 0.0029% / 1h	20m 05s	$973	$222K	5x
Short	Bybit ZEREBROUSDT	0.03409	0.0100	get 0.0050% / 4h	2h 20m	$5.3M	$937K	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee ExtendedbpFee BybitbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$27.72
Price spread: +0.006% → −0.144%: $15.01
Slippage, 4 orders: −$285.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$314.13
Costs to cover: 3.014%
Break-even: never at this rate

Slippage from Extended: live order book, 27 min ago; Bybit: live order book, 3 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 Extended live order book, 27 min ago	4.53 bp	82.3 bp −$82	744.2 bp −$7,442	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.90 bp	48.7 bp −$49	363.1 bp −$3,631	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
Bybit ZEREBROUSDTshort	+0.0100%	4h	0.03409	+0.006%	$5.3M	$937K	13x
Gate ZEREBRO_USDT	+0.0100%	4h	0.03403	−0.181%	$456K	$25K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03406	−0.093%	$1.5M	$2.9M	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03397	−0.334%	$108K	$15K	—	as long as short
BingX ZEREBRO-USDT	+0.0210%	4h	0.03413	+0.121%	—	$1.3M	—	as long as short
MEXC ZEREBRO_USDT	+0.0228%	4h	0.03412	+0.106%	$7.1M	$126K	50x	as long as short
Binance ZEREBROUSDT	+0.0229%	4h	0.03415	+0.187%	$4.7M	$1.4M	10x	as long as short
Extended ZEREBRO-USDlong	+0.0232%	1h	0.03409	long leg	$973	$222K	5x
Aster ZEREBROUSDT	+0.0252%	4h	0.03410	+0.036%	$383K	$19K	5x	as long as short
BloFin ZEREBRO-USDT	+0.0258%	4h	0.03400	−0.263%	$272K	$12K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZEREBROUSD	+0.0549%	1h	0.03405	−0.111%	$3K	$2K	10x	as long as short