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

ZEREBRO

all ZEREBRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0108%/8hnext payment $0.54 per $10,000 · paid last 24h −0.050%
Price spread now: KuCoin against BingX−0.062%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,119as in the Price arb table
costs, in and out, $10k−$1,11411.140% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.131%−$13 on $10k
Price spread, last 7 days+0.241%+$24 · spread now −0.062%, 7d avg −0.009%
Together, before fees+0.110%+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.053% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZEREBRO-USDT0.033680.0208pay 0.0104% / 4h21m 46s$1.3M
ShortKuCoin ZEREBROUSDTM0.033660.0100get 0.0050% / 4h21m 46s$1.4M$2.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$22.68
Price spread: −0.062% → −0.009%
−$5.31
Slippage, 4 orders
−$1,091.96
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,141.96
Costs to cover
11.140%
Break-even
never at this rate
Slippage from BingX: live order book, 20 min ago; KuCoin: live order book, 9 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, 20 min ago4.02 bp38.2 bp −$38340.8 bp −$3,408600.6 bp −$60.1K751.5 bp −$375.8K
Sell KuCoin live order book, 9 min ago8.33 bp638.1 bp −$638doesn'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%4h0.03367−0.018%$5.2M$874K13xas long as short
Gate ZEREBRO_USDT+0.0100%4h0.03360−0.229%$448K$20K10xas long as short
KuCoin ZEREBROUSDTMshort+0.0100%4h0.03366−0.062%$1.4M$2.8M10x
Variational Omni ZEREBRO+0.0100%4h0.03358−0.283%$108K$14Kas long as short
BloFin ZEREBRO-USDT+0.0172%4h0.03375+0.211%$268K$11K10xas long as short
Binance ZEREBROUSDT+0.0190%4h0.03370+0.059%$4.6M$1.3M10xas long as short
MEXC ZEREBRO_USDT+0.0196%4h0.03370+0.062%$7.0M$107K50xas long as short
Extended ZEREBRO-USD+0.0200%1h0.03370+0.049%$5K$169K5xas long as short
BingX ZEREBRO-USDTlong+0.0208%4h0.03368long leg$1.3M
Aster ZEREBROUSDT+0.0393%4h0.03366−0.065%$378K$24K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZEREBROUSD+0.4179%1h0.03377+0.275%$3K$2K10xas long as short