Funding you earn now, next payment 08:00 UTC−0.0129%/8h= −14.2% APRnext payment −$0.65 per $10,000 · paid last 24h −0.064%
Price spread now: Bybit against Binance−0.268%7-day average −0.204% · you buy dearer than you sell
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1891.887% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days+0.105%+$10 · spread now −0.268%, 7d avg −0.204%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.064% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.204%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZEREBROUSDT | 0.03399 | 0.0229 | pay 0.0115% / 4h | 2h 30m | $4.7M | $1.4M | 10x |
| Short | Bybit ZEREBROUSDT | 0.03390 | 0.0100 | get 0.0050% / 4h | 2h 30m | $5.3M | $941K | 13x |
Binance ZEREBROUSDT
Bybit ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$27.19
- Price spread: −0.268% → −0.204%
- −$6.38
- Slippage, 4 orders
- −$167.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$222.29
- Costs to cover
- 1.887%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 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 Binance live order book, 6 min ago | 2.05 bp | 39.6 bp −$40 | 399.3 bp −$3,993 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.95 bp | 52.2 bp −$52 | 208.5 bp −$2,085 | 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 ZEREBROUSDTshort | +0.0100% | 4h | 0.03390 | −0.268% | $5.3M | $941K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03404 | +0.147% | $456K | $25K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03395 | −0.135% | $1.4M | $2.9M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03389 | −0.283% | $108K | $15K | — | as long as short |
| Binance ZEREBROUSDTlong | +0.0229% | 4h | 0.03399 | long leg | $4.7M | $1.4M | 10x | |
| Extended ZEREBRO-USD | +0.0232% | 1h | 0.03398 | −0.026% | $974 | $222K | 5x | as long as short |
| MEXC ZEREBRO_USDT | +0.0240% | 4h | 0.03397 | −0.047% | $7.1M | $126K | 50x | as long as short |
| Aster ZEREBROUSDT | +0.0257% | 4h | 0.03403 | +0.129% | $382K | $19K | 5x | as long as short |
| BloFin ZEREBRO-USDT | +0.0263% | 4h | 0.03401 | +0.056% | $274K | $12K | 10x | as long as short |
| BingX ZEREBRO-USDT | +0.0294% | 4h | 0.03390 | −0.268% | — | $1.3M | — | as long as short |
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
Extended ZEREBRO-USD
MEXC ZEREBRO_USDT
Aster ZEREBROUSDT
BloFin ZEREBRO-USDT
BingX ZEREBRO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZEREBROUSD | +0.0551% | 1h | 0.03390 | −0.255% | $3K | $2K | 10x | as long as short |
Kraken Futures PF_ZEREBROUSD