Funding arb · Price arb /

ZEREBRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.041%

Price spread now: Extended against Aster+0.296%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$1,001as in the Price arb table

costs, in and out, $10k−$1,03410.342% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.085%−$9 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.296%, 7d avg −0.038%

Together, before fees−0.477%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.333% dearer against Aster than usual: you sell high and buy low (spread +0.296% now, against its 7-day average of −0.038%): +$33 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 55 days. At the pace of the last 5 days (−0.085% in total) that is about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZEREBROUSDT	0.03399	0.0460	pay 0.0230% / 4h	3h 31m	$381K	$22K	5x
Short	Extended ZEREBRO-USD	0.03409	0.0440	get 0.0055% / 1h	31m 03s	$1K	$168K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now +0.296%Rate

Funding earned: −$4.22
Price spread: +0.296% → −0.038%: $33.34
Slippage, 4 orders: −$1,021.22
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1,005.09
Costs to cover: 10.342%
Break-even: never at this rate

Slippage from Aster: live order book, 41 min ago; Extended: live order book, 40 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 Aster live order book, 41 min ago	11.54 bp	417.0 bp −$417	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 40 min ago	4.14 bp	89.7 bp −$90	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
Kraken Futures PF_ZEREBROUSD	+0.0089%	1h	0.03399	+0.003%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03401	+0.070%	$5.2M	$870K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03398	−0.015%	$455K	$22K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03398	−0.006%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03399	+0.025%	$109K	$14K	—	as long as short
BingX ZEREBRO-USDT	+0.0408%	4h	0.03403	+0.126%	—	$1.3M	—	as long as short
MEXC ZEREBRO_USDT	+0.0438%	4h	0.03408	+0.264%	$7.1M	$126K	50x	as long as short
Extended ZEREBRO-USDshort	+0.0440%	1h	0.03409	+0.296%	$1K	$168K	5x
Binance ZEREBROUSDT	+0.0443%	4h	0.03407	+0.258%	$4.6M	$1.3M	10x	as long as short
Aster ZEREBROUSDTlong	+0.0460%	4h	0.03399	long leg	$381K	$22K	5x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZEREBRO-USDT	+0.0493%	4h	0.03408	+0.264%	$268K	$12K	10x	as long as short