Funding you earn now, next payment 08:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.31 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against BloFin+0.096%61s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1191.193% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now +0.096%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.094% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZEREBRO-USDT | 0.03430 | 0.0257 | pay 0.0128% / 4h | 2h 48m | $273K | $12K | 10x |
| Short | Binance ZEREBROUSDT | 0.03433 | 0.0318 | get 0.0159% / 4h | 2h 48m | $4.7M | $1.4M | 10x |
BloFin ZEREBRO-USDT
Binance ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $12.89
- Price spread: +0.096% → +0.002%
- $9.4
- Slippage, 4 orders
- −$97.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$96.99
- Costs to cover
- 1.193%
- Break-even
- 59.7 days
Slippage from BloFin: live order book, 34 min ago; Binance: 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 BloFin live order book, 34 min ago | 0.44 bp | 24.4 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 2.04 bp | 32.4 bp −$32 | 276.3 bp −$2,763 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZEREBROUSDT | +0.0100% | 4h | 0.03425 | −0.137% | $5.3M | $943K | 13x | as long as short |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03424 | −0.178% | $459K | $24K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03423 | −0.184% | $1.5M | $3.0M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03425 | −0.125% | $109K | $15K | — | as long as short |
| BloFin ZEREBRO-USDTlong | +0.0257% | 4h | 0.03430 | long leg | $273K | $12K | 10x | |
| BingX ZEREBRO-USDT | +0.0266% | 4h | 0.03428 | −0.038% | — | $1.3M | — | as long as short |
| MEXC ZEREBRO_USDT | +0.0316% | 4h | 0.03433 | +0.105% | $7.2M | $124K | 50x | as long as short |
| Binance ZEREBROUSDTshort | +0.0318% | 4h | 0.03433 | +0.096% | $4.7M | $1.4M | 10x | |
| Extended ZEREBRO-USD | +0.0320% | 1h | 0.03432 | +0.059% | $979 | $227K | 5x | as long as short |
| Aster ZEREBROUSDT | +0.0336% | 4h | 0.03423 | −0.186% | $384K | $19K | 5x | as long as short |
Bybit ZEREBROUSDT
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BingX ZEREBRO-USDT
MEXC ZEREBRO_USDT
Extended ZEREBRO-USD
Aster ZEREBROUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZEREBROUSD | +0.0545% | 1h | 0.03430 | +0.007% | $3K | $2K | 10x | as long as short |
Kraken Futures PF_ZEREBROUSD