Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: Bybit against BingX−0.091%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1741.744% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now −0.091%, 7d avg −0.099%
=The price spread sits at its 7-day average of −0.099%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 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 | BingX ZEREBRO-USDT | 0.03423 | 0.0340 | pay 0.0170% / 4h | 16m 51s | — | $1.3M | — |
| Short | Bybit ZEREBROUSDT | 0.03420 | 0.0100 | get 0.0050% / 4h | 16m 51s | $5.3M | $930K | 13x |
BingX ZEREBRO-USDT
Bybit ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: −0.091% → −0.099%
- $0.83
- Slippage, 4 orders
- −$153.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$223.93
- Costs to cover
- 1.744%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Bybit: 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 BingX live order book, 14 min ago | 4.82 bp | 31.8 bp −$32 | 331.5 bp −$3,315 | 610.8 bp −$61.1K | 779.2 bp −$389.6K |
| Sell Bybit live order book, 1 min ago | 2.93 bp | 51.2 bp −$51 | 208.6 bp −$2,086 | 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 | +0.0033% | 1h | 0.03423 | −0.016% | $3K | $2K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0078% | 4h | 0.03424 | +0.018% | $1.5M | $3.0M | 10x | as long as short |
| Bybit ZEREBROUSDTshort | +0.0100% | 4h | 0.03420 | −0.091% | $5.3M | $930K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03423 | −0.015% | $459K | $24K | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03419 | −0.109% | $109K | $15K | — | as long as short |
| Binance ZEREBROUSDT | +0.0319% | 4h | 0.03428 | +0.140% | $4.7M | $1.4M | 10x | as long as short |
| Extended ZEREBRO-USD | +0.0320% | 1h | 0.03429 | +0.175% | $917 | $154K | 5x | as long as short |
| MEXC ZEREBRO_USDT | +0.0328% | 4h | 0.03429 | +0.184% | $7.2M | $126K | 50x | as long as short |
| BingX ZEREBRO-USDTlong | +0.0340% | 4h | 0.03423 | long leg | — | $1.3M | — | |
| BloFin ZEREBRO-USDT | +0.0350% | 4h | 0.03424 | +0.038% | $222K | $12K | 10x | as long as short |
Kraken Futures PF_ZEREBROUSD
KuCoin ZEREBROUSDTM
Gate ZEREBRO_USDT
Variational Omni ZEREBRO
Binance ZEREBROUSDT
Extended ZEREBRO-USD
MEXC ZEREBRO_USDT
BloFin ZEREBRO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZEREBROUSDT | +0.0357% | 4h | 0.03423 | −0.009% | $384K | $19K | 5x | as long as short |
Aster ZEREBROUSDT