ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0259%/8h= −28.4% APRnext payment −$1.30 per $10,000 · paid last 24h −0.062%

Price spread now: Gate against Binance−0.296%7-day average −0.207% · you buy dearer than you sell

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

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.296%, 7d avg −0.207%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.089% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.207%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.0% 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	Binance ZEREBROUSDT	0.03377	0.0359	pay 0.0180% / 4h	19m 15s	$4.6M	$1.3M	10x
Short	Gate ZEREBRO_USDT	0.03367	0.0100	get 0.0050% / 4h	19m 15s	$450K	$21K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.296%Rate

Funding earned: −$54.46
Price spread: −0.296% → −0.207%: −$8.92
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$88.37
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 min ago; Gate: live order book, 56 min ago. 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 Binance live order book, 3 min ago	2.66 bp	28.0 bp −$28	383.0 bp −$3,830	doesn't fit	doesn't fit
Sell Gate live order book, 56 min ago	10.70 bp	doesn't fit	doesn't fit	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	−0.0483%	1h	0.03369	−0.212%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03370	−0.186%	$5.2M	$878K	13x	as long as short
Gate ZEREBRO_USDTshort	+0.0100%	4h	0.03367	−0.296%	$450K	$21K	10x
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03371	−0.168%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03370	−0.194%	$108K	$14K	—	as long as short
Binance ZEREBROUSDTlong	+0.0359%	4h	0.03377	long leg	$4.6M	$1.3M	10x
Extended ZEREBRO-USD	+0.0360%	1h	0.03376	−0.027%	$5K	$169K	5x	as long as short
MEXC ZEREBRO_USDT	+0.0362%	4h	0.03376	−0.008%	$7.0M	$127K	50x	as long as short
Aster ZEREBROUSDT	+0.0376%	4h	0.03375	−0.041%	$378K	$22K	5x	as long as short
BingX ZEREBRO-USDT	+0.0382%	4h	0.03372	−0.124%	—	$1.3M	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZEREBRO-USDT	+0.0417%	4h	0.03378	+0.033%	$266K	$12K	10x	as long as short