Funding you earn now, next payment 04:00 UTC−0.0358%/8h= −39.2% APRnext payment −$1.79 per $10,000 · paid last 24h −0.072%
Price spread now: Bybit against BingX+0.035%7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1901.900% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now +0.035%, 7d avg −0.097%
=The price spread pays, funding is against you. Bybit is 0.133% dearer against BingX than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.097%): +$13 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.120% in total) that is about 7.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.79 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 | BingX ZEREBRO-USDT | 0.03415 | 0.0458 | pay 0.0229% / 4h | 2h 46m | — | $1.3M | — |
| Short | Bybit ZEREBROUSDT | 0.03416 | 0.0100 | get 0.0050% / 4h | 2h 46m | $5.3M | $881K | 13x |
BingX ZEREBRO-USDT
Bybit ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$75.18
- Price spread: +0.035% → −0.097%
- $13.25
- Slippage, 4 orders
- −$168.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$251.9
- Costs to cover
- 1.900%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 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 BingX live order book, 14 min ago | 5.41 bp | 39.6 bp −$40 | 252.8 bp −$2,528 | 527.5 bp −$52.7K | 747.9 bp −$374.0K |
| Sell Bybit live order book, 2 min ago | 5.86 bp | 57.0 bp −$57 | 230.2 bp −$2,302 | 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 | −0.0110% | 1h | 0.03412 | −0.091% | $3K | $2K | 10x | as long as short |
| Bybit ZEREBROUSDTshort | +0.0100% | 4h | 0.03416 | +0.035% | $5.3M | $881K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03413 | −0.053% | $457K | $21K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03415 | −0.003% | $1.5M | $3.0M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03412 | −0.068% | $109K | $15K | — | as long as short |
| BloFin ZEREBRO-USDT | +0.0423% | 4h | 0.03424 | +0.255% | $273K | $12K | 10x | as long as short |
| BingX ZEREBRO-USDTlong | +0.0458% | 4h | 0.03415 | long leg | — | $1.3M | — | |
| MEXC ZEREBRO_USDT | +0.0486% | 4h | 0.03420 | +0.146% | $7.1M | $125K | 50x | as long as short |
| Binance ZEREBROUSDT | +0.0493% | 4h | 0.03420 | +0.150% | $4.7M | $1.4M | 10x | as long as short |
| Extended ZEREBRO-USD | +0.0496% | 1h | 0.03420 | +0.153% | $962 | $157K | 5x | as long as short |
Kraken Futures PF_ZEREBROUSD
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BloFin ZEREBRO-USDT
MEXC ZEREBRO_USDT
Binance ZEREBROUSDT
Extended ZEREBRO-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZEREBROUSDT | +0.0524% | 4h | 0.03414 | −0.011% | $383K | $23K | 5x | as long as short |
Aster ZEREBROUSDT