ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0378%/8h= −41.4% APRnext payment −$1.89 per $10,000 · paid last 24h −0.074%

Price spread now: Bybit against MEXC−0.274%7-day average −0.211% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1511.507% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.274%, 7d avg −0.211%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.063% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.211%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.89 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	MEXC ZEREBRO_USDT	0.03430	0.0478	pay 0.0239% / 4h	2h 15m	$7.2M	$127K	50x
Short	Bybit ZEREBROUSDT	0.03421	0.0100	get 0.0050% / 4h	2h 15m	$5.3M	$905K	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee MEXCbpFee BybitbpOrdersPrice spread, now −0.274%Rate

Funding earned: −$79.38
Price spread: −0.274% → −0.211%: −$6.29
Slippage, 4 orders: −$135.71
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$236.37
Costs to cover: 1.507%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: 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 MEXC live order book, 2 min ago	6.71 bp	25.2 bp −$25	61.2 bp −$612	237.1 bp −$23.7K	451.7 bp −$225.9K
Sell Bybit live order book, 2 min ago	4.38 bp	53.6 bp −$54	239.1 bp −$2,391	doesn't fit	doesn't fit

ZEREBRO on 10 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	−0.0110%	1h	0.03424	−0.181%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDTshort	+0.0100%	4h	0.03421	−0.274%	$5.3M	$905K	13x
Gate ZEREBRO_USDT	+0.0100%	4h	0.03429	−0.038%	$463K	$22K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03421	−0.268%	$1.5M	$3.0M	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03420	−0.304%	$109K	$15K	—	as long as short
Extended ZEREBRO-USD	+0.0464%	1h	0.03430	−0.019%	$3K	$158K	5x	as long as short
Binance ZEREBROUSDT	+0.0468%	4h	0.03428	−0.056%	$4.7M	$1.4M	10x	as long as short
BingX ZEREBRO-USDT	+0.0476%	4h	0.03422	−0.245%	—	$1.3M	—	as long as short
MEXC ZEREBRO_USDTlong	+0.0478%	4h	0.03430	long leg	$7.2M	$127K	50x
Aster ZEREBROUSDT	+0.0511%	4h	0.03427	−0.097%	$384K	$23K	5x	as long as short