ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0212%/8h= +23.2% APRnext payment +$1.06 per $10,000 · paid last 24h +0.064%

Price spread now: MEXC against Gate+0.132%7-day average +0.218% · you sell dearer than you buy

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

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.132%, 7d avg +0.218%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.085% cheaper against Gate than usual: you would sell low and buy high (spread +0.132% now, against its 7-day average of +0.218%). If the spread goes back, that is −$9 on $10k: about 32 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.131% in total) that is about 4.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.131% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.06 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	0.03404	0.0100	pay 0.0050% / 4h	2h 15m	$456K	$25K	10x
Short	MEXC ZEREBRO_USDT	0.03409	0.0312	get 0.0156% / 4h	2h 15m	$7.1M	$126K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.132%Rate

Funding earned: $44.52
Price spread: +0.132% → +0.218%: −$8.55
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: $16.97
Costs to cover: 0.190%
Break-even: 4.3 days

Slippage unknown: Gate: live order book, 30 min ago; MEXC: live order book, 2 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, 30 min ago	15.19 bp	1733.6 bp −$1,734	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.81 bp	21.3 bp −$21	64.0 bp −$640	244.9 bp −$24.5K	388.8 bp −$194.4K

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 ZEREBROUSDT	+0.0100%	4h	0.03400	−0.132%	$5.3M	$928K	13x	as long as short
Gate ZEREBRO_USDTlong	+0.0100%	4h	0.03404	long leg	$456K	$25K	10x
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03407	+0.073%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03397	−0.204%	$108K	$15K	—	as long as short
BingX ZEREBRO-USDT	+0.0256%	4h	0.03404	−0.003%	—	$1.3M	—	as long as short
Extended ZEREBRO-USD	+0.0312%	1h	0.03407	+0.065%	$973	$222K	5x	as long as short
MEXC ZEREBRO_USDTshort	+0.0312%	4h	0.03409	+0.132%	$7.1M	$126K	50x
BloFin ZEREBRO-USDT	+0.0318%	4h	0.03415	+0.305%	$271K	$12K	10x	as long as short
Binance ZEREBROUSDT	+0.0322%	4h	0.03409	+0.134%	$4.7M	$1.4M	10x	as long as short
Aster ZEREBROUSDT	+0.0344%	4h	0.03413	+0.249%	$383K	$19K	5x	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	0.03402	−0.073%	$3K	$2K	10x	as long as short