ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.99 per $10,000 · paid last 24h +0.072%

Price spread now: BingX against Bybit+0.153%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1721.722% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.153%, 7d avg +0.099%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.054% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.099%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.99 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	Bybit ZEREBROUSDT	0.03404	0.0100	pay 0.0050% / 4h	40m 18s	$5.3M	$923K	13x
Short	BingX ZEREBRO-USDT	0.03409	0.0298	get 0.0149% / 4h	40m 18s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now +0.153%Rate

Funding earned: $41.58
Price spread: +0.153% → +0.099%: $5.39
Slippage, 4 orders: −$151.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$125.23
Costs to cover: 1.722%
Break-even: 28.1 days

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 6 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 Bybit live order book, 3 min ago	7.35 bp	49.8 bp −$50	384.7 bp −$3,847	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	5.73 bp	32.6 bp −$33	250.1 bp −$2,501	578.4 bp −$57.8K	772.4 bp −$386.2K

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	0.03401	−0.080%	$3K	$2K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0036%	4h	0.03406	+0.065%	$1.5M	$3.0M	10x	as long as short
Bybit ZEREBROUSDTlong	+0.0100%	4h	0.03404	long leg	$5.3M	$923K	13x
Gate ZEREBRO_USDT	+0.0100%	4h	0.03405	+0.021%	$460K	$22K	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03401	−0.092%	$109K	$15K	—	as long as short
Extended ZEREBRO-USD	+0.0296%	1h	0.03410	+0.163%	$2K	$157K	5x	as long as short
Binance ZEREBROUSDT	+0.0297%	4h	0.03410	+0.188%	$4.7M	$1.4M	10x	as long as short
BingX ZEREBRO-USDTshort	+0.0298%	4h	0.03409	+0.153%	—	$1.3M	—
MEXC ZEREBRO_USDT	+0.0302%	4h	0.03413	+0.270%	$7.1M	$125K	50x	as long as short
BloFin ZEREBRO-USDT	+0.0313%	4h	0.03407	+0.085%	$272K	$12K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZEREBROUSDT	+0.0326%	4h	0.03411	+0.220%	$383K	$19K	5x	as long as short