Settings8H · net · $10k
Funding arb · Price arb /

ZEREBRO

all ZEREBRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.001%
Price spread now: Extended against BingX+0.124%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$2572.575% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.124%, 7d avg +0.071%
Together, before fees−0.024%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.053% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZEREBRO-USDT0.033810.0370pay 0.0185% / 4h8m 29s$1.3M
ShortExtended ZEREBRO-USD0.033860.0376get 0.0047% / 1h8m 29s$2K$219K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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

Funding earned
$1.26
Price spread: +0.124% → +0.071%
$5.3
Slippage, 4 orders
−$242.46
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$250.91
Costs to cover
2.575%
Break-even
1400.9 days
Slippage from BingX: live order book, 3 min ago; Extended: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago6.36 bp35.1 bp −$35307.2 bp −$3,072631.3 bp −$63.1K769.4 bp −$384.7K
Sell Extended live order book, 28 min ago4.14 bp98.1 bp −$98doesn't fitdoesn't fitdoesn't fit

ZEREBRO on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZEREBROUSDT+0.0100%4h0.03380−0.053%$5.2M$909K13xas long as short
Gate ZEREBRO_USDT+0.0100%4h0.03379−0.071%$453K$25K10xas long as short
KuCoin ZEREBROUSDTM+0.0100%4h0.03381−0.027%$1.4M$2.9M10xas long as short
Variational Omni ZEREBRO+0.0100%4h0.03374−0.217%$108K$15Kas long as short
Kraken Futures PF_ZEREBROUSD+0.0279%1h0.03379−0.068%$3K$2K10xas long as short
BingX ZEREBRO-USDTlong+0.0370%4h0.03381long leg$1.3M
Aster ZEREBROUSDT+0.0373%4h0.03394+0.362%$381K$40K5xas long as short
MEXC ZEREBRO_USDT+0.0374%4h0.03386+0.142%$7.1M$130K50xas long as short
Extended ZEREBRO-USDshort+0.0376%1h0.03386+0.124%$2K$219K5x
Binance ZEREBROUSDT+0.0380%4h0.03386+0.151%$4.6M$1.5M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ZEREBRO-USDT+0.0380%4h0.03388+0.183%$271K$12K10xas long as short