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

ZEREBRO

all ZEREBRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0049%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against MEXC+0.539%64s7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$900.902% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 4 days (all we have)−1.743%−$174 · spread now +0.539%, 7d avg −0.013%
Together, before fees−1.727%−$173 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.553% dearer against MEXC than usual: you sell high and buy low: +$55 more if the spread goes back to its 7-day average of −0.013%. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZEREBRO_USDT0.034130.0368pay 0.0184% / 4h2h 54m$7.1M$130K50x
ShortBloFin ZEREBRO-USDT0.034310.0417get 0.0208% / 4h2h 54m$275K$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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
$10.21
Price spread: +0.539% → −0.013%
$55.27
Slippage, 4 orders
−$74.21
Fee MEXC: 2 bp × 2 orders
−$4
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$24.74
Costs to cover
0.902%
Break-even
24.0 days
Slippage from MEXC: live order book, 4 min ago; BloFin: live order book, 8 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 MEXC live order book, 4 min ago3.48 bp16.0 bp −$1655.2 bp −$552242.6 bp −$24.3K425.6 bp −$212.8K
Sell BloFin live order book, 8 min ago0.14 bp27.6 bp −$28doesn't fitdoesn't fitdoesn't fit

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%4h0.03402−0.311%$5.3M$824K13xas long as short
Gate ZEREBRO_USDT+0.0100%4h0.03401−0.331%$455K$24K10xas long as short
KuCoin ZEREBROUSDTM+0.0100%4h0.03414+0.035%$1.4M$2.9M10xas long as short
Variational Omni ZEREBRO+0.0100%4h0.03428+0.446%$109K$12Kas long as short
Kraken Futures PF_ZEREBROUSD+0.0186%1h0.03436+0.674%$3K$4K10xas long as short
Aster ZEREBROUSDT+0.0328%4h0.03419+0.182%$383K$39K5xas long as short
Binance ZEREBROUSDT+0.0342%4h0.03414+0.029%$4.7M$1.5M10xas long as short
Extended ZEREBRO-USD+0.0344%1h0.03411−0.041%$2K$226K5xas long as short
MEXC ZEREBRO_USDTlong+0.0368%4h0.03413long leg$7.1M$130K50x
BingX ZEREBRO-USDT+0.0382%4h0.03405−0.223%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ZEREBRO-USDTshort+0.0417%4h0.03431+0.539%$275K$13K10x