Funding arb · Price arb /

ZEREBRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0560%/8h= +61.3% APRpaid last 24h +0.752%

Price spread now: Kraken Futures against Variational Omni+0.216%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.216% dearer against Variational Omni than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEREBRO	0.03386	0.0100	pay 0.0050% / 4h	1h 43m	$108K	$15K	—
Short	Kraken Futures PF_ZEREBROUSD	0.03393	0.0660	get 0.0082% / 1h	43m 33s	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.216%Rate

Funding earned: $117.58
Price spread: +0.216% → 0.000%: $21.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $129.14
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; Kraken Futures: no order-book sample. 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 Variational Omni RFQ quote, just now	11.79 bp	doesn't fit	377.4 bp −$3,774	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.03396	+0.301%	$5.3M	$923K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03393	+0.204%	$455K	$24K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03395	+0.274%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBROlong	+0.0100%	4h	0.03386	long leg	$108K	$15K	—
BingX ZEREBRO-USDT	+0.0386%	4h	0.03401	+0.452%	—	$1.3M	—	as long as short
Extended ZEREBRO-USD	+0.0400%	1h	0.03403	+0.494%	$3K	$225K	5x	as long as short
MEXC ZEREBRO_USDT	+0.0402%	4h	0.03404	+0.534%	$7.1M	$125K	50x	as long as short
Binance ZEREBROUSDT	+0.0402%	4h	0.03404	+0.543%	$4.7M	$1.4M	10x	as long as short
Aster ZEREBROUSDT	+0.0408%	4h	0.03401	+0.433%	$382K	$18K	5x	as long as short
BloFin ZEREBRO-USDT	+0.0421%	4h	0.03397	+0.313%	$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_ZEREBROUSDshort	+0.0660%	1h	0.03393	+0.216%	$3K	$2K	10x