Settings8H · net · $10k
Funding arb · Price arb /

ZEREBRO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.001%
Price spread now: Extended against BingX+0.204%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$308as in the Funding arb table
Net, price: spread back to 7d avg − costs−$295as in the Price arb table
costs, in and out, $10k−$3083.084% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.204%, 7d avg +0.071%
Together, before fees−0.104%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 0.132% dearer against BingX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZEREBRO-USDT0.033770.0434pay 0.0217% / 4h37m 07s$1.3M
ShortExtended ZEREBRO-USD0.033830.0448get 0.0056% / 1h37m 07s$3K$221K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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

Funding earned
$2.94
Price spread: +0.204% → +0.071%
$13.24
Slippage, 4 orders
−$293.39
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$292.21
Costs to cover
3.084%
Break-even
702.7 days
Slippage from BingX: live order book, 8 min ago; Extended: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago5.61 bp20.5 bp −$20251.9 bp −$2,519601.0 bp −$60.1K767.1 bp −$383.6K
Sell Extended live order book, 65 min ago6.32 bp135.3 bp −$135doesn't fitdoesn't fitdoesn't fit

ZEREBRO on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZEREBROUSDT+0.0100%4h0.03379+0.071%$5.2M$912K13xas long as short
Gate ZEREBRO_USDT+0.0100%4h0.03381+0.130%$453K$25K10xas long as short
Variational Omni ZEREBRO+0.0100%4h0.03394+0.511%$108K$15Kas long as short
KuCoin ZEREBROUSDTM+0.0108%4h0.03381+0.118%$1.4M$2.9M10xas long as short
Kraken Futures PF_ZEREBROUSD+0.0279%1h0.03380+0.100%$3K$2K10xas long as short
BloFin ZEREBRO-USDT+0.0388%4h0.03383+0.184%$269K$12K10xas long as short
BingX ZEREBRO-USDTlong+0.0434%4h0.03377long leg$1.3M
Binance ZEREBROUSDT+0.0447%4h0.03384+0.217%$4.6M$1.5M10xas long as short
Extended ZEREBRO-USDshort+0.0448%1h0.03383+0.204%$3K$221K5x
Aster ZEREBROUSDT+0.0451%4h0.03395+0.544%$381K$41K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ZEREBRO_USDT+0.0454%4h0.03382+0.163%$7.1M$126K50xas long as short