ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0261%/8h= +28.5% APRnext payment +$1.30 per $10,000 · paid last 24h +0.055%

Price spread now: Binance against KuCoin+0.313%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,195as in the Price arb table

costs, in and out, $10k−$1,21412.141% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 7 days−0.255%−$25 · spread now +0.313%, 7d avg +0.121%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.193% dearer against KuCoin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.121%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.142% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.30 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	KuCoin ZEREBROUSDTM	0.03383	0.0100	pay 0.0050% / 4h	3h 54m	$1.4M	$2.9M	10x
Short	Binance ZEREBROUSDT	0.03393	0.0361	get 0.0180% / 4h	3h 54m	$4.6M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.313%Rate

Funding earned: $54.71
Price spread: +0.313% → +0.121%: $19.28
Slippage, 4 orders: −$1,192.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,140.11
Costs to cover: 12.141%
Break-even: 152.9 days

Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 13 min ago.

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 KuCoin live order book, 2 min ago	8.13 bp	615.7 bp −$616	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.81 bp	30.8 bp −$31	291.2 bp −$2,912	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	+0.0090%	1h	0.03385	+0.086%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03387	+0.124%	$5.2M	$879K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03384	+0.044%	$452K	$21K	10x	as long as short
KuCoin ZEREBROUSDTMlong	+0.0100%	4h	0.03383	long leg	$1.4M	$2.9M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03390	+0.223%	$109K	$14K	—	as long as short
MEXC ZEREBRO_USDT	+0.0354%	4h	0.03392	+0.293%	$7.1M	$124K	50x	as long as short
BingX ZEREBRO-USDT	+0.0354%	4h	0.03392	+0.281%	—	$1.3M	—	as long as short
Extended ZEREBRO-USD	+0.0360%	1h	0.03392	+0.272%	$5K	$164K	5x	as long as short
Binance ZEREBROUSDTshort	+0.0361%	4h	0.03393	+0.313%	$4.6M	$1.3M	10x
BloFin ZEREBRO-USDT	+0.0378%	4h	0.03394	+0.340%	$265K	$12K	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	+0.0380%	4h	0.03394	+0.340%	$381K	$22K	5x	as long as short