ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRnext payment −$1.10 per $10,000 · paid last 24h −0.072%

Price spread now: Gate against BingX+0.202%7-day average −0.101% · you sell dearer than you buy

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

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 4 days (all we have)−0.293%−$29 · spread now +0.202%, 7d avg −0.101%

Together, before fees−0.414%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.303% dearer against BingX than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of −0.101%): +$30 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 7 days (−0.122% in total) that is about 17 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.10 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	0.03414	0.0320	pay 0.0160% / 4h	18m 04s	—	$1.3M	—
Short	Gate ZEREBRO_USDT	0.03421	0.0100	get 0.0050% / 4h	18m 04s	$458K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee GatebpOrdersPrice spread, now +0.202%Rate

Funding earned: −$46.2
Price spread: +0.202% → −0.101%: $30.35
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.85
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: BingX: live order book, 12 min ago; Gate: live order book, 38 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 BingX live order book, 12 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 Gate live order book, 38 min ago	14.99 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	+0.0033%	1h	0.03416	+0.042%	$3K	$2K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0074%	4h	0.03415	+0.035%	$1.5M	$3.0M	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03414	−0.003%	$5.3M	$930K	13x	as long as short
Gate ZEREBRO_USDTshort	+0.0100%	4h	0.03421	+0.202%	$458K	$24K	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03419	+0.154%	$109K	$15K	—	as long as short
BingX ZEREBRO-USDTlong	+0.0320%	4h	0.03414	long leg	—	$1.3M	—
Extended ZEREBRO-USD	+0.0328%	1h	0.03417	+0.089%	$917	$154K	5x	as long as short
Binance ZEREBROUSDT	+0.0329%	4h	0.03420	+0.158%	$4.7M	$1.4M	10x	as long as short
MEXC ZEREBRO_USDT	+0.0338%	4h	0.03417	+0.070%	$7.1M	$126K	50x	as long as short
Aster ZEREBROUSDT	+0.0366%	4h	0.03422	+0.221%	$384K	$19K	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	+0.0369%	4h	0.03421	+0.193%	$271K	$12K	10x	as long as short