Funding arb · Price arb /

ZEREBRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.078%

Price spread now: Gate against Extended+0.106%7-day average −0.171% · you sell dearer than you buy

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

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.106%, 7d avg −0.171%

Together, before fees−0.355%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.277% dearer against Extended than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of −0.171%): +$28 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.123% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment. 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	Extended ZEREBRO-USD	0.03417	0.0328	pay 0.0041% / 1h	17m 45s	$917	$154K	5x
Short	Gate ZEREBRO_USDT	0.03421	0.0100	get 0.0050% / 4h	17m 45s	$458K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.106%Rate

Funding earned: −$47.88
Price spread: +0.106% → −0.171%: $27.67
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.21
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Extended: live order book, 38 min ago; Gate: live order book, 38 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 Extended live order book, 38 min ago	4.55 bp	115.5 bp −$116	806.1 bp −$8,061	doesn't fit	doesn't fit
Sell Gate live order book, 38 min ago	14.99 bp	doesn't fit	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	+0.0033%	1h	0.03416	−0.054%	$3K	$2K	10x	as long as short
KuCoin ZEREBROUSDTM	+0.0078%	4h	0.03415	−0.070%	$1.5M	$3.0M	10x	as long as short
Bybit ZEREBROUSDT	+0.0100%	4h	0.03415	−0.078%	$5.3M	$930K	13x	as long as short
Gate ZEREBRO_USDTshort	+0.0100%	4h	0.03421	+0.106%	$458K	$24K	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03419	+0.058%	$109K	$15K	—	as long as short
Binance ZEREBROUSDT	+0.0319%	4h	0.03422	+0.143%	$4.7M	$1.4M	10x	as long as short
Extended ZEREBRO-USDlong	+0.0328%	1h	0.03417	long leg	$917	$154K	5x
MEXC ZEREBRO_USDT	+0.0328%	4h	0.03424	+0.188%	$7.1M	$126K	50x	as long as short
BingX ZEREBRO-USDT	+0.0340%	4h	0.03418	+0.021%	—	$1.3M	—	as long as short
Aster ZEREBROUSDT	+0.0357%	4h	0.03421	+0.114%	$384K	$19K	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	+0.0369%	4h	0.03421	+0.097%	$271K	$12K	10x	as long as short