ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0250%/8h= +27.4% APRnext payment +$1.25 per $10,000 · paid last 24h +0.072%

Price spread now: BingX against Gate−0.091%7-day average +0.101% · you buy dearer than you sell

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

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.091%, 7d avg +0.101%

Together, before fees+0.350%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.192% cheaper against Gate than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.101%). If the spread goes back, that is −$19 on $10k: about 2.6 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.122% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.25 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	Gate ZEREBRO_USDT	0.03401	0.0100	pay 0.0050% / 4h	1h 05m	$459K	$23K	10x
Short	BingX ZEREBRO-USDT	0.03398	0.0350	get 0.0175% / 4h	1h 05m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $52.58
Price spread: −0.091% → +0.101%: −$19.23
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: $8.35
Costs to cover: 0.250%
Break-even: 5.9 days

Slippage unknown: Gate: live order book, 56 min ago; BingX: live order book, 6 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 Gate live order book, 56 min ago	15.37 bp	1693.7 bp −$1,694	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.82 bp	23.5 bp −$23	209.6 bp −$2,096	622.9 bp −$62.3K	834.1 bp −$417.0K

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	−0.0116%	1h	0.03407	+0.171%	$3K	$2K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0020%	4h	0.03402	+0.012%	$1.4M	$2.9M	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03396	−0.156%	$5.2M	$920K	13x	as long as short
Gate ZEREBRO_USDTlong	+0.0100%	4h	0.03401	long leg	$459K	$23K	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03402	+0.030%	$109K	$15K	—	as long as short
BloFin ZEREBRO-USDT	+0.0290%	4h	0.03414	+0.373%	$273K	$12K	10x	as long as short
Binance ZEREBROUSDT	+0.0319%	4h	0.03404	+0.066%	$4.7M	$1.4M	10x	as long as short
Extended ZEREBRO-USD	+0.0320%	1h	0.03403	+0.040%	$2K	$157K	5x	as long as short
MEXC ZEREBRO_USDT	+0.0328%	4h	0.03403	+0.059%	$7.1M	$127K	50x	as long as short
BingX ZEREBRO-USDTshort	+0.0350%	4h	0.03398	−0.091%	—	$1.3M	—

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZEREBROUSDT	+0.0352%	4h	0.03406	+0.147%	$382K	$19K	5x	as long as short