Funding arb · Price arb /

ZEREBRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.065%

Price spread now: Extended against Gate+0.451%7-day average +0.169% · you sell dearer than you buy

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

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.318%−$32 · spread now +0.451%, 7d avg +0.169%

Together, before fees−0.212%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Extended is 0.282% dearer against Gate than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.169%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% in total (about 5.5% 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	Gate ZEREBRO_USDT	0.03378	0.0100	pay 0.0050% / 4h	54m 21s	$451K	$21K	10x
Short	Extended ZEREBRO-USD	0.03393	0.0384	get 0.0048% / 1h	54m 21s	$5K	$169K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.451%Rate

Funding earned: $59.64
Price spread: +0.451% → +0.169%: $28.19
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $67.83
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Gate: live order book, 21 min ago; Extended: live order book, 22 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, 21 min ago	10.70 bp	1614.8 bp −$1,615	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 22 min ago	4.30 bp	82.3 bp −$82	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	−0.0480%	1h	0.03387	+0.263%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03386	+0.228%	$5.2M	$878K	13x	as long as short
Gate ZEREBRO_USDTlong	+0.0100%	4h	0.03378	long leg	$451K	$21K	10x
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03383	+0.142%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03386	+0.223%	$109K	$14K	—	as long as short
BingX ZEREBRO-USDT	+0.0344%	4h	0.03392	+0.409%	—	$1.3M	—	as long as short
BloFin ZEREBRO-USDT	+0.0365%	4h	0.03389	+0.337%	$265K	$12K	10x	as long as short
Extended ZEREBRO-USDshort	+0.0384%	1h	0.03393	+0.451%	$5K	$169K	5x
MEXC ZEREBRO_USDT	+0.0386%	4h	0.03394	+0.483%	$7.1M	$125K	50x	as long as short
Binance ZEREBROUSDT	+0.0386%	4h	0.03394	+0.485%	$4.6M	$1.3M	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZEREBROUSDT	+0.0459%	4h	0.03391	+0.385%	$380K	$22K	5x	as long as short