Funding you earn now, next payment 04:00 UTC+0.0348%/8h= +38.1% APRnext payment +$1.74 per $10,000 · paid last 24h +0.064%
Price spread now: BingX against KuCoin+0.056%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,305as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,317as in the Price arb table
costs, in and out, $10k−$1,32013.203% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now +0.056%, 7d avg +0.020%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BingX is 0.036% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.020%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.74 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 | 0.03418 | 0.0048 | pay 0.0024% / 4h | 1h 58m | $1.5M | $2.9M | 10x |
| Short | BingX ZEREBRO-USDT | 0.03420 | 0.0396 | get 0.0198% / 4h | 1h 58m | — | $1.3M | — |
KuCoin ZEREBROUSDTM
BingX ZEREBRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- $73.08
- Price spread: +0.056% → +0.020%
- $3.56
- Slippage, 4 orders
- −$1,298.27
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,243.64
- Costs to cover
- 13.203%
- Break-even
- 126.1 days
Slippage from KuCoin: live order book, 3 min ago; BingX: live order book, 2 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, 3 min ago | 14.04 bp | 611.7 bp −$612 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 4.39 bp | 28.5 bp −$28 | 236.3 bp −$2,363 | 622.3 bp −$62.2K | 834.8 bp −$417.4K |
ZEREBRO on 10 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 | −0.0116% | 1h | 0.03421 | +0.075% | $3K | $2K | 10x | as long as short |
| KuCoin ZEREBROUSDTMlong | +0.0048% | 4h | 0.03418 | long leg | $1.5M | $2.9M | 10x | |
| Bybit ZEREBROUSDT | +0.0100% | 4h | 0.03413 | −0.149% | $5.3M | $907K | 13x | as long as short |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03420 | +0.056% | $462K | $22K | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03417 | −0.020% | $109K | $15K | — | as long as short |
| Extended ZEREBRO-USD | +0.0384% | 1h | 0.03423 | +0.151% | $3K | $158K | 5x | as long as short |
| Binance ZEREBROUSDT | +0.0385% | 4h | 0.03420 | +0.044% | $4.7M | $1.4M | 10x | as long as short |
| MEXC ZEREBRO_USDT | +0.0394% | 4h | 0.03423 | +0.155% | $7.1M | $124K | 50x | as long as short |
| BingX ZEREBRO-USDTshort | +0.0396% | 4h | 0.03420 | +0.056% | — | $1.3M | — | |
| Aster ZEREBROUSDT | +0.0414% | 4h | 0.03423 | +0.151% | $384K | $19K | 5x | as long as short |
Kraken Futures PF_ZEREBROUSD
Bybit ZEREBROUSDT
Gate ZEREBRO_USDT
Variational Omni ZEREBRO
Extended ZEREBRO-USD
Binance ZEREBROUSDT
MEXC ZEREBRO_USDT
Aster ZEREBROUSDT