ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0374%/8h= −41.0% APRnext payment −$1.87 per $10,000 · paid last 24h −0.065%

Price spread now: Variational Omni against BloFin−0.238%116s7-day average −0.225% · you buy dearer than you sell

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.238%, 7d avg −0.225%

Together, before fees+0.088%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.225%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 116 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.104% in total (about -10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.87 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	BloFin ZEREBRO-USDT	0.03406	0.0474	pay 0.0237% / 4h	1h 17m	$272K	$12K	10x
Short	Variational Omni ZEREBRO	0.03398	0.0100	get 0.0050% / 4h	1h 17m	$108K	$15K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.238%Rate

Funding earned: −$78.61
Price spread: −0.238% → −0.225%: −$1.27
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$91.88
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 59 min ago; Variational Omni: RFQ quote, 27 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 BloFin live order book, 59 min ago	1.47 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 27 min ago	11.79 bp	doesn't fit	227.0 bp −$2,270	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	0.03395	−0.338%	$5.3M	$928K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03398	−0.250%	$455K	$24K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03403	−0.114%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBROshort	+0.0100%	4h	0.03398	−0.238%	$108K	$15K	—
BingX ZEREBRO-USDT	+0.0456%	4h	0.03401	−0.164%	—	$1.3M	—	as long as short
Binance ZEREBROUSDT	+0.0471%	4h	0.03401	−0.159%	$4.7M	$1.4M	10x	as long as short
Extended ZEREBRO-USD	+0.0472%	1h	0.03400	−0.184%	$361	$219K	5x	as long as short
BloFin ZEREBRO-USDTlong	+0.0474%	4h	0.03406	long leg	$272K	$12K	10x
MEXC ZEREBRO_USDT	+0.0476%	4h	0.03402	−0.138%	$7.1M	$126K	50x	as long as short
Aster ZEREBROUSDT	+0.0487%	4h	0.03406	−0.010%	$382K	$19K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZEREBROUSD	+0.0659%	1h	0.03396	−0.310%	$3K	$2K	10x	as long as short