Funding arb · Price arb /

ZEREBRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.064%

Price spread now: KuCoin against Extended−0.043%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,443as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,419as in the Price arb table

costs, in and out, $10k−$1,42614.257% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.043%, 7d avg −0.107%

Together, before fees−0.270%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.064% dearer against Extended than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.107%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.169% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZEREBRO-USD	0.03413	0.0336	pay 0.0042% / 1h	7m 56s	$3K	$221K	5x
Short	KuCoin ZEREBROUSDTM	0.03412	0.0100	get 0.0050% / 4h	2h 07m	$1.4M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$49.56
Price spread: −0.043% → −0.107%: $6.39
Slippage, 4 orders: −$1,408.75
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,468.92
Costs to cover: 14.257%
Break-even: never at this rate

Slippage from Extended: live order book, 41 min ago; KuCoin: live order book, 2 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 Extended live order book, 41 min ago	4.41 bp	134.2 bp −$134	828.6 bp −$8,286	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	7.32 bp	621.2 bp −$621	doesn't fit	doesn't fit	doesn't fit

ZEREBRO on 11 exchanges

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	0.03406	−0.213%	$5.3M	$733K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03404	−0.272%	$455K	$25K	10x	as long as short
KuCoin ZEREBROUSDTMshort	+0.0100%	4h	0.03412	−0.043%	$1.4M	$2.8M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03406	−0.221%	$108K	$6K	—	as long as short
Kraken Futures PF_ZEREBROUSD	+0.0186%	1h	0.03443	+0.861%	$3K	$4K	10x	as long as short
BloFin ZEREBRO-USDT	+0.0302%	4h	0.03414	+0.027%	$276K	$13K	10x	as long as short
Extended ZEREBRO-USDlong	+0.0336%	1h	0.03413	long leg	$3K	$221K	5x
Binance ZEREBROUSDT	+0.0338%	4h	0.03415	+0.056%	$4.7M	$1.4M	10x	as long as short
MEXC ZEREBRO_USDT	+0.0338%	4h	0.03415	+0.045%	$7.2M	$137K	50x	as long as short
BingX ZEREBRO-USDT	+0.0338%	4h	0.03409	−0.119%	—	$1.3M	—	as long as short

Show all 11 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZEREBROUSDT	+0.0357%	4h	0.03412	−0.034%	$383K	$39K	5x	as long as short