ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0286%/8h= −31.3% APRnext payment −$1.43 per $10,000 · paid last 24h −0.060%

Price spread now: Variational Omni against BingX−0.049%7-day average −0.117% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.074%−$7 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.049%, 7d avg −0.117%

Together, before fees−0.080%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.068% dearer against BingX than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.117%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.074% in total) that is about 3.1 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.074% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.43 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	0.03372	0.0386	pay 0.0193% / 4h	21m 20s	—	$1.3M	—
Short	Variational Omni ZEREBRO	0.03370	0.0100	get 0.0050% / 4h	21m 20s	$108K	$14K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now −0.049%Rate

Funding earned: −$60.06
Price spread: −0.049% → −0.117%: $6.82
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$63.24
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; Variational Omni: RFQ quote, 58 min ago. Net counts fees only.

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, 9 min ago	4.44 bp	25.3 bp −$25	234.4 bp −$2,344	548.6 bp −$54.9K	766.0 bp −$383.0K
Sell Variational Omni RFQ quote, 58 min ago	5.95 bp	doesn't fit	190.3 bp −$1,903	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	−0.0483%	1h	0.03368	−0.120%	$3K	$2K	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03370	−0.053%	$5.2M	$878K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03367	−0.151%	$450K	$21K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03367	−0.128%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBROshort	+0.0100%	4h	0.03370	−0.049%	$108K	$14K	—
Extended ZEREBRO-USD	+0.0360%	1h	0.03377	+0.147%	$5K	$169K	5x	as long as short
Binance ZEREBROUSDT	+0.0364%	4h	0.03376	+0.139%	$4.6M	$1.3M	10x	as long as short
MEXC ZEREBRO_USDT	+0.0372%	4h	0.03377	+0.154%	$7.0M	$127K	50x	as long as short
BingX ZEREBRO-USDTlong	+0.0386%	4h	0.03372	long leg	—	$1.3M	—
Aster ZEREBROUSDT	+0.0387%	4h	0.03375	+0.085%	$378K	$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	+0.0417%	4h	0.03378	+0.178%	$266K	$12K	10x	as long as short