ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0286%/8h= +31.3% APRnext payment +$1.43 per $10,000 · paid last 24h +0.059%

Price spread now: MEXC against KuCoin+0.012%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,135as in the Price arb table

costs, in and out, $10k−$1,12311.227% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.012%, 7d avg +0.132%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.120% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.012% now, against its 7-day average of +0.132%). If the spread goes back, that is −$12 on $10k: about 34 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.162% in total) that is about 5.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.43 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	0.03399	0.0100	pay 0.0050% / 4h	2h 02m	$1.4M	$2.9M	10x
Short	MEXC ZEREBRO_USDT	0.03399	0.0386	get 0.0193% / 4h	2h 02m	$7.1M	$127K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.012%Rate

Funding earned: $60.06
Price spread: +0.012% → +0.132%: −$12
Slippage, 4 orders: −$1,106.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,074.62
Costs to cover: 11.227%
Break-even: 132.2 days

Slippage from KuCoin: live order book, 5 min ago; MEXC: live order book, 1 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, 5 min ago	3.67 bp	459.7 bp −$460	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.65 bp	22.8 bp −$23	62.4 bp −$624	241.9 bp −$24.2K	465.1 bp −$232.6K

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	0.03392	−0.212%	$5.3M	$923K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03394	−0.127%	$455K	$25K	10x	as long as short
KuCoin ZEREBROUSDTMlong	+0.0100%	4h	0.03399	long leg	$1.4M	$2.9M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03398	−0.009%	$108K	$15K	—	as long as short
BloFin ZEREBRO-USDT	+0.0337%	4h	0.03403	+0.135%	$270K	$12K	10x	as long as short
MEXC ZEREBRO_USDTshort	+0.0386%	4h	0.03399	+0.012%	$7.1M	$127K	50x
BingX ZEREBRO-USDT	+0.0388%	4h	0.03394	−0.127%	—	$1.3M	—	as long as short
Binance ZEREBROUSDT	+0.0392%	4h	0.03399	+0.021%	$4.7M	$1.4M	10x	as long as short
Extended ZEREBRO-USD	+0.0392%	1h	0.03397	−0.037%	$2K	$220K	5x	as long as short
Aster ZEREBROUSDT	+0.0404%	4h	0.03402	+0.093%	$382K	$18K	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	+0.0551%	1h	0.03394	−0.141%	$3K	$2K	10x	as long as short