ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0334%/8h= −36.6% APRnext payment −$1.67 per $10,000 · paid last 24h −0.064%

Price spread now: KuCoin against BingX−0.199%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,181as in the Price arb table

costs, in and out, $10k−$1,16311.625% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 7 days+0.227%+$23 · spread now −0.199%, 7d avg −0.017%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.182% cheaper against BingX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.67 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	0.03414	0.0434	pay 0.0217% / 4h	3h 24m	—	$1.3M	—
Short	KuCoin ZEREBROUSDTM	0.03407	0.0100	get 0.0050% / 4h	3h 24m	$1.4M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BingXbpFee KuCoinbpOrdersPrice spread, now −0.199%Rate

Funding earned: −$70.14
Price spread: −0.199% → −0.017%: −$18.17
Slippage, 4 orders: −$1,140.52
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,250.83
Costs to cover: 11.625%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 3 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, 4 min ago	3.67 bp	32.2 bp −$32	298.6 bp −$2,986	465.6 bp −$46.6K	657.7 bp −$328.8K
Sell KuCoin live order book, 3 min ago	7.94 bp	459.2 bp −$459	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	0.03407	−0.201%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03411	−0.088%	$5.2M	$868K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03407	−0.211%	$456K	$22K	10x	as long as short
KuCoin ZEREBROUSDTMshort	+0.0100%	4h	0.03407	−0.199%	$1.4M	$2.9M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03408	−0.163%	$109K	$14K	—	as long as short
BingX ZEREBRO-USDTlong	+0.0434%	4h	0.03414	long leg	—	$1.3M	—
Extended ZEREBRO-USD	+0.0464%	1h	0.03415	+0.017%	$3K	$173K	5x	as long as short
MEXC ZEREBRO_USDT	+0.0466%	4h	0.03416	+0.070%	$7.1M	$126K	50x	as long as short
Binance ZEREBROUSDT	+0.0475%	4h	0.03415	+0.041%	$4.7M	$1.3M	10x	as long as short
Aster ZEREBROUSDT	+0.0495%	4h	0.03411	−0.084%	$383K	$22K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZEREBRO-USDT	+0.0513%	4h	0.03415	+0.044%	$268K	$12K	10x	as long as short