Funding you earn now, next payment 12:00 UTC+0.0219%/8h= +23.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.065%
Price spread now: BloFin against Gate+0.089%48s7-day average +0.203% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.143%+$14 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.089%, 7d avg +0.203%
=Funding pays, the price is against you. BloFin is 0.114% cheaper against Gate than usual: you would sell low and buy high (spread +0.089% now, against its 7-day average of +0.203%). If the spread goes back, that is −$11 on $10k: about 42 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.143% in total) that is about 5.6 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 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 | 0.03379 | 0.0100 | pay 0.0050% / 4h | 3h 56m | $453K | $25K | 10x |
| Short | BloFin ZEREBRO-USDT | 0.03382 | 0.0319 | get 0.0159% / 4h | 3h 56m | $274K | $12K | 10x |
Gate ZEREBRO_USDT
BloFin ZEREBRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.92
- Price spread: +0.089% → +0.203%
- −$11.43
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $7.49
- Costs to cover
- 0.270%
- Break-even
- 5.9 days
Slippage unknown: Gate: live order book, 39 min ago; BloFin: live order book, 10 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, 39 min ago | 13.77 bp | 1867.2 bp −$1,867 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 1.77 bp | 27.4 bp −$27 | doesn't fit | 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 | −0.0135% | 1h | 0.03376 | −0.088% | $3K | $2K | 10x | as long as short |
| Bybit ZEREBROUSDT | +0.0100% | 4h | 0.03375 | −0.121% | $5.2M | $904K | 13x | as long as short |
| Gate ZEREBRO_USDTlong | +0.0100% | 4h | 0.03379 | long leg | $453K | $25K | 10x | |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03378 | −0.044% | $1.4M | $2.9M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03374 | −0.150% | $108K | $15K | — | as long as short |
| Aster ZEREBROUSDT | +0.0314% | 4h | 0.03390 | +0.318% | $380K | $40K | 5x | as long as short |
| BloFin ZEREBRO-USDTshort | +0.0319% | 4h | 0.03382 | +0.089% | $274K | $12K | 10x | |
| Binance ZEREBROUSDT | +0.0329% | 4h | 0.03379 | +0.006% | $4.6M | $1.5M | 10x | as long as short |
| Extended ZEREBRO-USD | +0.0336% | 1h | 0.03379 | +0.005% | $3K | $223K | 5x | as long as short |
| MEXC ZEREBRO_USDT | +0.0338% | 4h | 0.03380 | +0.015% | $7.1M | $127K | 50x | as long as short |
Kraken Futures PF_ZEREBROUSD
Bybit ZEREBROUSDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
Aster ZEREBROUSDT
Binance ZEREBROUSDT
Extended ZEREBRO-USD
MEXC ZEREBRO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEREBRO-USDT | +0.0368% | 4h | 0.03375 | −0.115% | — | $1.3M | — | as long as short |
BingX ZEREBRO-USDT