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

ZEREBRO

all ZEREBRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.003%
Price spread now: BingX against Extended−0.172%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2532.534% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%$0 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.172%, 7d avg −0.070%
Together, before fees+0.086%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.102% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ZEREBRO-USD0.034060.0368pay 0.0046% / 1h6m 45s$2K$220K5x
ShortBingX ZEREBRO-USDT0.034000.0346get 0.0173% / 4h2h 06m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
−$4.62
Price spread: −0.172% → −0.070%
−$10.18
Slippage, 4 orders
−$238.39
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$268.19
Costs to cover
2.534%
Break-even
never at this rate
Slippage from Extended: live order book, 40 min ago; BingX: 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 Extended live order book, 40 min ago4.53 bp82.3 bp −$82744.2 bp −$7,442doesn't fitdoesn't fit
Sell BingX live order book, 9 min ago3.38 bp20.7 bp −$21211.2 bp −$2,112580.3 bp −$58.0K766.9 bp −$383.4K

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%4h0.03400−0.175%$5.3M$923K13xas long as short
Gate ZEREBRO_USDT+0.0100%4h0.03399−0.204%$455K$25K10xas long as short
KuCoin ZEREBROUSDTM+0.0100%4h0.03405−0.016%$1.4M$2.9M10xas long as short
Variational Omni ZEREBRO+0.0100%4h0.03396−0.289%$108K$15Kas long as short
BingX ZEREBRO-USDTshort+0.0346%4h0.03400−0.172%$1.3M
MEXC ZEREBRO_USDT+0.0366%4h0.03406+0.002%$7.1M$127K50xas long as short
Binance ZEREBROUSDT+0.0367%4h0.03406+0.005%$4.7M$1.4M10xas long as short
Extended ZEREBRO-USDlong+0.0368%1h0.03406long leg$2K$220K5x
Aster ZEREBROUSDT+0.0386%4h0.03406−0.005%$382K$18K5xas long as short
BloFin ZEREBRO-USDT+0.0389%4h0.03407+0.025%$271K$12K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZEREBROUSD+0.0549%1h0.03405−0.035%$3K$2K10xas long as short