Funding arb · Price arb /

ZEREBRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.556%

Price spread now: Kraken Futures against Variational Omni−0.066%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Kraken Futures is 0.066% cheaper against Variational Omni than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEREBRO	0.03396	0.0100	pay 0.0050% / 4h	3h 36m	$109K	$14K	—
Short	Kraken Futures PF_ZEREBROUSD	0.03394	0.0089	get 0.0011% / 1h	36m 40s	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$2.23
Price spread: −0.066% → 0.000%: −$6.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$18.86
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 37 min ago; Kraken Futures: no order-book sample. 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 Variational Omni RFQ quote, 37 min ago	8.89 bp	doesn't fit	412.1 bp −$4,121	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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
Kraken Futures PF_ZEREBROUSDshort	+0.0089%	1h	0.03394	−0.066%	$3K	$2K	10x
Bybit ZEREBROUSDT	+0.0100%	4h	0.03394	−0.073%	$5.2M	$870K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03390	−0.188%	$453K	$22K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03388	−0.235%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBROlong	+0.0100%	4h	0.03396	long leg	$109K	$14K	—
BloFin ZEREBRO-USDT	+0.0394%	4h	0.03400	+0.116%	$267K	$12K	10x	as long as short
BingX ZEREBRO-USDT	+0.0396%	4h	0.03393	−0.114%	—	$1.3M	—	as long as short
Extended ZEREBRO-USD	+0.0408%	1h	0.03402	+0.155%	$1K	$168K	5x	as long as short
MEXC ZEREBRO_USDT	+0.0410%	4h	0.03402	+0.157%	$7.1M	$125K	50x	as long as short
Binance ZEREBROUSDT	+0.0411%	4h	0.03402	+0.151%	$4.6M	$1.3M	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	+0.0431%	4h	0.03394	−0.073%	$381K	$22K	5x	as long as short