ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0254%/8h= −27.8% APRnext payment −$1.27 per $10,000 · paid last 24h −0.055%

Price spread now: KuCoin against Binance−0.253%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,164as in the Price arb table

costs, in and out, $10k−$1,15111.508% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days+0.194%+$19 · spread now −0.253%, 7d avg −0.121%

Together, before fees+0.053%+$5 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 KuCoin is 0.133% cheaper against Binance than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.121%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.142% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.27 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	0.03380	0.0354	pay 0.0177% / 4h	13m 37s	$4.6M	$1.3M	10x
Short	KuCoin ZEREBROUSDTM	0.03371	0.0100	get 0.0050% / 4h	13m 37s	$1.4M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.253%Rate

Funding earned: −$53.3
Price spread: −0.253% → −0.121%: −$13.27
Slippage, 4 orders: −$1,128.78
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,217.34
Costs to cover: 11.508%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 4 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 Binance live order book, 9 min ago	2.66 bp	28.0 bp −$28	383.0 bp −$3,830	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	11.57 bp	422.2 bp −$422	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	−0.0482%	1h	0.03375	−0.132%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03373	−0.182%	$5.2M	$879K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03372	−0.235%	$450K	$21K	10x	as long as short
KuCoin ZEREBROUSDTMshort	+0.0100%	4h	0.03371	−0.253%	$1.4M	$2.9M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03375	−0.149%	$108K	$14K	—	as long as short
Extended ZEREBRO-USD	+0.0352%	1h	0.03379	−0.020%	$5K	$169K	5x	as long as short
MEXC ZEREBRO_USDT	+0.0352%	4h	0.03380	+0.019%	$7.0M	$128K	50x	as long as short
Binance ZEREBROUSDTlong	+0.0354%	4h	0.03380	long leg	$4.6M	$1.3M	10x
BingX ZEREBRO-USDT	+0.0360%	4h	0.03375	−0.135%	—	$1.3M	—	as long as short
Aster ZEREBROUSDT	+0.0370%	4h	0.03382	+0.062%	$379K	$22K	5x	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	+0.0371%	4h	0.03381	+0.028%	$266K	$12K	10x	as long as short