Funding you earn now, next payment 08:00 UTC−0.0370%/8h= −40.5% APRnext payment −$1.85 per $10,000 · paid last 24h −0.064%
Price spread now: Bybit against MEXC−0.223%7-day average −0.211% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1621.617% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now −0.223%, 7d avg −0.211%
=The price spread sits at its 7-day average of −0.211%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.131% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.85 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 | MEXC ZEREBRO_USDT | 0.03409 | 0.0470 | pay 0.0235% / 4h | 1h 21m | $7.1M | $126K | 50x |
| Short | Bybit ZEREBROUSDT | 0.03401 | 0.0100 | get 0.0050% / 4h | 1h 21m | $5.3M | $927K | 13x |
MEXC ZEREBRO_USDT
Bybit ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- −$77.7
- Price spread: −0.223% → −0.211%
- −$1.21
- Slippage, 4 orders
- −$146.67
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$240.58
- Costs to cover
- 1.617%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bybit: 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 MEXC live order book, 1 min ago | 3.37 bp | 19.8 bp −$20 | 57.3 bp −$573 | 244.0 bp −$24.4K | 401.7 bp −$200.9K |
| Sell Bybit live order book, 1 min ago | 1.47 bp | 57.1 bp −$57 | 217.7 bp −$2,177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZEREBROUSDTshort | +0.0100% | 4h | 0.03401 | −0.223% | $5.3M | $927K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03401 | −0.217% | $456K | $24K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03406 | −0.082% | $1.4M | $2.9M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03397 | −0.328% | $108K | $15K | — | as long as short |
| BingX ZEREBRO-USDT | +0.0428% | 4h | 0.03406 | −0.067% | — | $1.3M | — | as long as short |
| MEXC ZEREBRO_USDTlong | +0.0470% | 4h | 0.03409 | long leg | $7.1M | $126K | 50x | |
| Binance ZEREBROUSDT | +0.0471% | 4h | 0.03410 | +0.044% | $4.7M | $1.4M | 10x | as long as short |
| BloFin ZEREBRO-USDT | +0.0472% | 4h | 0.03411 | +0.062% | $273K | $12K | 10x | as long as short |
| Extended ZEREBRO-USD | +0.0472% | 1h | 0.03406 | −0.087% | $361 | $219K | 5x | as long as short |
| Aster ZEREBROUSDT | +0.0484% | 4h | 0.03409 | −0.001% | $382K | $19K | 5x | as long as short |
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
BingX ZEREBRO-USDT
Binance ZEREBROUSDT
BloFin ZEREBRO-USDT
Extended ZEREBRO-USD
Aster ZEREBROUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZEREBROUSD | +0.0658% | 1h | 0.03404 | −0.145% | $3K | $2K | 10x | as long as short |
Kraken Futures PF_ZEREBROUSD