ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0244%/8h= +26.7% APRnext payment +$1.22 per $10,000 · paid last 24h +0.060%

Price spread now: BingX against Gate−0.044%7-day average +0.100% · you buy dearer than you sell

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

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.044%, 7d avg +0.100%

Together, before fees+0.216%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.144% cheaper against Gate than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.100%). If the spread goes back, that is −$14 on $10k: about 47 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.110% in total) that is about 9.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.22 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	Gate ZEREBRO_USDT	0.03376	0.0100	pay 0.0050% / 4h	4m 48s	$451K	$21K	10x
Short	BingX ZEREBRO-USDT	0.03374	0.0344	get 0.0172% / 4h	4m 48s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $51.24
Price spread: −0.044% → +0.100%: −$14.41
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: $11.83
Costs to cover: 0.250%
Break-even: 5.4 days

Slippage unknown: Gate: live order book, 6 min ago; BingX: live order book, 11 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 Gate live order book, 6 min ago	10.67 bp	1742.9 bp −$1,743	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	4.74 bp	30.0 bp −$30	223.0 bp −$2,230	654.3 bp −$65.4K	820.0 bp −$410.0K

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	−0.0482%	1h	0.03374	−0.063%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03376	0.000%	$5.2M	$880K	13x	as long as short
Gate ZEREBRO_USDTlong	+0.0100%	4h	0.03376	long leg	$451K	$21K	10x
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03370	−0.184%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03370	−0.176%	$108K	$14K	—	as long as short
BloFin ZEREBRO-USDT	+0.0285%	4h	0.03376	+0.006%	$265K	$12K	10x	as long as short
Binance ZEREBROUSDT	+0.0334%	4h	0.03384	+0.234%	$4.6M	$1.3M	10x	as long as short
MEXC ZEREBRO_USDT	+0.0340%	4h	0.03384	+0.231%	$7.1M	$128K	50x	as long as short
Extended ZEREBRO-USD	+0.0344%	1h	0.03380	+0.107%	$5K	$169K	5x	as long as short
BingX ZEREBRO-USDTshort	+0.0344%	4h	0.03374	−0.044%	—	$1.3M	—

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZEREBROUSDT	+0.0350%	4h	0.03382	+0.164%	$379K	$22K	5x	as long as short