Funding arb · Price arb /

ZEREBRO

all ZEREBRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.070%

Price spread now: Variational Omni against Extended−0.553%7-day average −0.190% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.085%−$8 on $10k

Price spread, last 3 days (all we have)+0.406%+$41 · spread now −0.553%, 7d avg −0.190%

Together, before fees+0.321%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$32 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 Variational Omni is 0.363% cheaper against Extended than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.190%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.085% in total (about -9.2% a year). A funding rate is set anew for every payment. 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	Extended ZEREBRO-USD	0.03416	0.0464	pay 0.0058% / 1h	11m 51s	$3K	$158K	5x
Short	Variational Omni ZEREBRO	0.03397	0.0100	get 0.0050% / 4h	3h 11m	$109K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.553%Rate

Funding earned: −$76.44
Price spread: −0.553% → −0.190%: −$36.3
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$117.74
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 59 min ago; Variational Omni: RFQ quote, 62 min ago. Net counts fees only.

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, 59 min ago	4.14 bp	104.8 bp −$105	795.3 bp −$7,953	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 62 min ago	8.89 bp	doesn't fit	195.7 bp −$1,957	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	0.03412	−0.099%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03410	−0.169%	$5.2M	$864K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03407	−0.251%	$456K	$22K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03409	−0.198%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBROshort	+0.0100%	4h	0.03397	−0.553%	$109K	$14K	—
BingX ZEREBRO-USDT	+0.0428%	4h	0.03413	−0.098%	—	$1.3M	—	as long as short
MEXC ZEREBRO_USDT	+0.0462%	4h	0.03417	+0.042%	$7.1M	$127K	50x	as long as short
Binance ZEREBROUSDT	+0.0462%	4h	0.03417	+0.022%	$4.7M	$1.3M	10x	as long as short
Extended ZEREBRO-USDlong	+0.0464%	1h	0.03416	long leg	$3K	$158K	5x
Aster ZEREBROUSDT	+0.0486%	4h	0.03409	−0.192%	$382K	$22K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZEREBRO-USDT	+0.0513%	4h	0.03418	+0.057%	$270K	$12K	10x	as long as short