Settings8H · net · $10k
Funding arb · Price arb /

ZEREBRO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0214%/8h= +23.4% APRnext payment +$1.07 per $10,000 · paid last 24h +0.066%
Price spread now: BloFin against KuCoin+0.234%7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,203as in the Price arb table
costs, in and out, $10k−$1,21212.122% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.191%+$19 on $10k
Price spread, last 4 days (all we have)−1.304%−$130 · spread now +0.234%, 7d avg +0.140%
Together, before fees−1.113%−$111 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.094% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.140%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZEREBROUSDTM0.033780.0100pay 0.0050% / 4h3h 42m$1.4M$2.9M10x
ShortBloFin ZEREBRO-USDT0.033860.0314get 0.0157% / 4h3h 42m$273K$12K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$44.84
Price spread: +0.234% → +0.140%
$9.36
Slippage, 4 orders
−$1,188.19
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$1,157.98
Costs to cover
12.122%
Break-even
187.8 days
Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago8.29 bp635.2 bp −$635doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 24 min ago1.77 bp27.4 bp −$27doesn't fitdoesn't fitdoesn't fit

ZEREBRO on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZEREBROUSD−0.0135%1h0.03379+0.036%$3K$2K10xas long as short
Bybit ZEREBROUSDT+0.0100%4h0.03373−0.145%$5.2M$903K13xas long as short
Gate ZEREBRO_USDT+0.0100%4h0.03378+0.006%$453K$25K10xas long as short
KuCoin ZEREBROUSDTMlong+0.0100%4h0.03378long leg$1.4M$2.9M10x
Variational Omni ZEREBRO+0.0100%4h0.03375−0.073%$108K$15Kas long as short
BloFin ZEREBRO-USDTshort+0.0314%4h0.03386+0.234%$273K$12K10x
Aster ZEREBROUSDT+0.0329%4h0.03391+0.380%$380K$40K5xas long as short
BingX ZEREBRO-USDT+0.0330%4h0.03378+0.003%$1.3Mas long as short
Extended ZEREBRO-USD+0.0344%1h0.03382+0.127%$2K$224K5xas long as short
MEXC ZEREBRO_USDT+0.0344%4h0.03383+0.163%$7.1M$130K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ZEREBROUSDT+0.0345%4h0.03382+0.130%$4.6M$1.5M10xas long as short