Funding you earn now, next payment 06:00 UTC−0.0279%/8h= −30.6% APRpaid last 24h −0.625%
Price spread now: Binance against Kraken Futures+0.231%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Binance is 0.231% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.231% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZEREBROUSD | 0.03426 | 0.0546 | pay 0.0068% / 1h | 51m 32s | $3K | $2K | 10x |
| Short | Binance ZEREBROUSDT | 0.03433 | 0.0266 | get 0.0133% / 4h | 2h 51m | $4.7M | $1.4M | 10x |
Kraken Futures PF_ZEREBROUSD
Binance ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$58.65
- Price spread: +0.231% → 0.000%
- $23.06
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$55.59
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 16 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 16 min ago | 3.50 bp | 34.5 bp −$34 | 284.7 bp −$2,847 | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.03425 | −0.016% | $5.3M | $943K | 13x | as long as short |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03417 | −0.238% | $458K | $24K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03423 | −0.074% | $1.5M | $3.0M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03421 | −0.121% | $109K | $15K | — | as long as short |
| BingX ZEREBRO-USDT | +0.0228% | 4h | 0.03430 | +0.136% | — | $1.3M | — | as long as short |
| Extended ZEREBRO-USD | +0.0264% | 1h | 0.03432 | +0.192% | $979 | $227K | 5x | as long as short |
| MEXC ZEREBRO_USDT | +0.0266% | 4h | 0.03433 | +0.203% | $7.2M | $124K | 50x | as long as short |
| Binance ZEREBROUSDTshort | +0.0266% | 4h | 0.03433 | +0.231% | $4.7M | $1.4M | 10x | |
| BloFin ZEREBRO-USDT | +0.0299% | 4h | 0.03426 | +0.011% | $273K | $12K | 10x | as long as short |
| Aster ZEREBROUSDT | +0.0306% | 4h | 0.03421 | −0.127% | $384K | $19K | 5x | as long as short |
Bybit ZEREBROUSDT
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BingX ZEREBRO-USDT
Extended ZEREBRO-USD
MEXC ZEREBRO_USDT
BloFin ZEREBRO-USDT
Aster ZEREBROUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZEREBROUSDlong | +0.0546% | 1h | 0.03426 | long leg | $3K | $2K | 10x |