Funding you earn now, next payment 00:00 UTC+0.0186%/8h= +20.3% APRnext payment +$0.93 per $10,000 · paid last 24h +0.062%
Price spread now: Binance against Bybit+0.142%7-day average +0.204% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1571.567% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now +0.142%, 7d avg +0.204%
=Funding pays, the price is against you. Binance is 0.062% cheaper against Bybit than usual: you would sell low and buy high (spread +0.142% now, against its 7-day average of +0.204%). If the spread goes back, that is −$6 on $10k: about 27 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.114% in total) that is about 3.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.93 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 | Bybit ZEREBROUSDT | 0.03376 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $5.2M | $876K | 13x |
| Short | Binance ZEREBROUSDT | 0.03381 | 0.0286 | get 0.0143% / 4h | 1h 03m | $4.6M | $1.3M | 10x |
Bybit ZEREBROUSDT
Binance ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $38.99
- Price spread: +0.142% → +0.204%
- −$6.17
- Slippage, 4 orders
- −$135.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$123.88
- Costs to cover
- 1.567%
- Break-even
- 29.2 days
Slippage from Bybit: live order book, 9 min ago; Binance: live order book, 4 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 Bybit live order book, 9 min ago | 2.97 bp | 44.5 bp −$44 | 266.7 bp −$2,667 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 3.11 bp | 33.7 bp −$34 | 291.7 bp −$2,917 | 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 | −0.0778% | 1h | 0.03372 | −0.114% | $3K | $2K | 10x | as long as short |
| Bybit ZEREBROUSDTlong | +0.0100% | 4h | 0.03376 | long leg | $5.2M | $876K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03372 | −0.118% | $450K | $21K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03374 | −0.068% | $1.4M | $2.9M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03376 | −0.013% | $108K | $14K | — | as long as short |
| BingX ZEREBRO-USDT | +0.0278% | 4h | 0.03376 | −0.003% | — | $1.3M | — | as long as short |
| MEXC ZEREBRO_USDT | +0.0284% | 4h | 0.03381 | +0.145% | $7.0M | $129K | 50x | as long as short |
| Binance ZEREBROUSDTshort | +0.0286% | 4h | 0.03381 | +0.142% | $4.6M | $1.3M | 10x | |
| Extended ZEREBRO-USD | +0.0288% | 1h | 0.03380 | +0.121% | $5K | $169K | 5x | as long as short |
| BloFin ZEREBRO-USDT | +0.0324% | 4h | 0.03380 | +0.116% | $265K | $12K | 10x | as long as short |
Kraken Futures PF_ZEREBROUSD
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BingX ZEREBRO-USDT
MEXC ZEREBRO_USDT
Extended ZEREBRO-USD
BloFin ZEREBRO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZEREBROUSDT | +0.0360% | 4h | 0.03381 | +0.156% | $379K | $22K | 5x | as long as short |
Aster ZEREBROUSDT