ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0324%/8h= +35.5% APRnext payment +$1.62 per $10,000 · paid last 24h +0.059%

Price spread now: Binance against KuCoin+0.180%7-day average +0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,045as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,056as in the Price arb table

costs, in and out, $10k−$1,06110.612% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 7 days−0.126%−$13 · spread now +0.180%, 7d avg +0.127%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.053% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.127%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.164% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.62 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	KuCoin ZEREBROUSDTM	0.03391	0.0100	pay 0.0050% / 4h	1h 39m	$1.4M	$2.9M	10x
Short	Binance ZEREBROUSDT	0.03398	0.0424	get 0.0212% / 4h	1h 39m	$4.7M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.180%Rate

Funding earned: $68.08
Price spread: +0.180% → +0.127%: $5.28
Slippage, 4 orders: −$1,039.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$987.87
Costs to cover: 10.612%
Break-even: 108.6 days

Slippage from KuCoin: live order book, 8 min ago; Binance: live order book, 13 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 KuCoin live order book, 8 min ago	9.44 bp	465.9 bp −$466	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	3.54 bp	32.5 bp −$33	334.8 bp −$3,348	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	0.03389	−0.071%	$5.3M	$924K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03392	+0.009%	$454K	$24K	10x	as long as short
KuCoin ZEREBROUSDTMlong	+0.0100%	4h	0.03391	long leg	$1.4M	$2.9M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03397	+0.177%	$108K	$15K	—	as long as short
BingX ZEREBRO-USDT	+0.0388%	4h	0.03392	+0.027%	—	$1.3M	—	as long as short
Extended ZEREBRO-USD	+0.0424%	1h	0.03397	+0.151%	$3K	$225K	5x	as long as short
MEXC ZEREBRO_USDT	+0.0424%	4h	0.03398	+0.189%	$7.1M	$125K	50x	as long as short
Binance ZEREBROUSDTshort	+0.0424%	4h	0.03398	+0.180%	$4.7M	$1.4M	10x
Aster ZEREBROUSDT	+0.0427%	4h	0.03399	+0.233%	$381K	$18K	5x	as long as short
BloFin ZEREBRO-USDT	+0.0461%	4h	0.03399	+0.218%	$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
Kraken Futures PF_ZEREBROUSD	+0.0660%	1h	0.03391	−0.002%	$3K	$2K	10x	as long as short