ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0320%/8h= +35.0% APRnext payment +$1.60 per $10,000 · paid last 24h +0.059%

Price spread now: MEXC against KuCoin+0.027%7-day average +0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,336as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,363as in the Price arb table

costs, in and out, $10k−$1,35213.521% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.027%, 7d avg +0.134%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.107% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.134%). If the spread goes back, that is −$11 on $10k: about 27 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.162% in total) that is about 4.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.60 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	KuCoin ZEREBROUSDTM	0.03376	0.0100	pay 0.0050% / 4h	31m 58s	$1.4M	$2.9M	10x
Short	MEXC ZEREBRO_USDT	0.03377	0.0420	get 0.0210% / 4h	31m 58s	$7.1M	$128K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now +0.027%Rate

Funding earned: $67.2
Price spread: +0.027% → +0.134%: −$10.73
Slippage, 4 orders: −$1,336.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,295.64
Costs to cover: 13.521%
Break-even: 142.0 days

Slippage from KuCoin: live order book, 5 min ago; MEXC: live order book, 1 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 KuCoin live order book, 5 min ago	4.88 bp	727.3 bp −$727	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.11 bp	21.5 bp −$22	62.5 bp −$625	238.2 bp −$23.8K	380.6 bp −$190.3K

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
Bybit ZEREBROUSDT	+0.0100%	4h	0.03373	−0.089%	$5.2M	$913K	13x	as long as short
Gate ZEREBRO_USDT	+0.0100%	4h	0.03374	−0.071%	$452K	$25K	10x	as long as short
KuCoin ZEREBROUSDTMlong	+0.0100%	4h	0.03376	long leg	$1.4M	$2.9M	10x
Variational Omni ZEREBRO	+0.0100%	4h	0.03379	+0.081%	$108K	$15K	—	as long as short
Kraken Futures PF_ZEREBROUSD	+0.0280%	1h	0.03372	−0.135%	$3K	$2K	10x	as long as short
BloFin ZEREBRO-USDT	+0.0371%	4h	0.03391	+0.429%	$273K	$12K	10x	as long as short
MEXC ZEREBRO_USDTshort	+0.0420%	4h	0.03377	+0.027%	$7.1M	$128K	50x
BingX ZEREBRO-USDT	+0.0424%	4h	0.03375	−0.033%	—	$1.3M	—	as long as short
Aster ZEREBROUSDT	+0.0427%	4h	0.03393	+0.515%	$381K	$41K	5x	as long as short
Binance ZEREBROUSDT	+0.0429%	4h	0.03376	+0.010%	$4.6M	$1.5M	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZEREBRO-USD	+0.0432%	1h	0.03375	−0.021%	$3K	$221K	5x	as long as short