ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0246%/8h= −26.9% APRnext payment −$1.23 per $10,000 · paid last 24h −0.059%

Price spread now: KuCoin against MEXC−0.070%7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,128as in the Price arb table

costs, in and out, $10k−$1,13511.346% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.070%, 7d avg −0.132%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.061% dearer against MEXC than usual: you sell high and buy low (spread −0.070% now, against its 7-day average of −0.132%): +$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 20 hours. At the pace of the last 7 days (−0.162% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.162% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.23 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	0.03409	0.0346	pay 0.0173% / 4h	2h 07m	$7.1M	$127K	50x
Short	KuCoin ZEREBROUSDTM	0.03407	0.0100	get 0.0050% / 4h	2h 07m	$1.5M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$51.66
Price spread: −0.070% → −0.132%: $6.14
Slippage, 4 orders: −$1,118.59
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,180.11
Costs to cover: 11.346%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago	3.08 bp	23.2 bp −$23	66.9 bp −$669	264.6 bp −$26.5K	454.7 bp −$227.4K
Sell KuCoin live order book, 4 min ago	8.08 bp	656.0 bp −$656	doesn't fit	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	0.03402	−0.217%	$5.3M	$925K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03399	−0.282%	$455K	$25K	10x	as long as short
KuCoin ZEREBROUSDTMshort	+0.0100%	4h	0.03407	−0.070%	$1.5M	$2.9M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03396	−0.384%	$108K	$15K	—	as long as short
BloFin ZEREBRO-USDT	+0.0303%	4h	0.03408	−0.026%	$271K	$12K	10x	as long as short
BingX ZEREBRO-USDT	+0.0340%	4h	0.03405	−0.123%	—	$1.3M	—	as long as short
MEXC ZEREBRO_USDTlong	+0.0346%	4h	0.03409	long leg	$7.1M	$127K	50x
Binance ZEREBROUSDT	+0.0358%	4h	0.03409	+0.014%	$4.7M	$1.4M	10x	as long as short
Extended ZEREBRO-USD	+0.0360%	1h	0.03408	−0.018%	$2K	$220K	5x	as long as short
Aster ZEREBROUSDT	+0.0375%	4h	0.03407	−0.073%	$382K	$18K	5x	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	+0.0549%	1h	0.03403	−0.190%	$3K	$2K	10x	as long as short