ZEREBRO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0310%/8h= −33.9% APRnext payment −$1.55 per $10,000 · paid last 24h −0.064%

Price spread now: Gate against MEXC−0.180%7-day average −0.217% · you buy dearer than you sell

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

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.180%, 7d avg −0.217%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.038% dearer against MEXC than usual: you sell high and buy low (spread −0.180% now, against its 7-day average of −0.217%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.131% in total) that is about 2.0 days.

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 −$1.55 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	0.03395	0.0410	pay 0.0205% / 4h	1h 27m	$7.1M	$125K	50x
Short	Gate ZEREBRO_USDT	0.03389	0.0100	get 0.0050% / 4h	1h 27m	$454K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now −0.180%Rate

Funding earned: −$65.1
Price spread: −0.180% → −0.217%: $3.78
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$80.32
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Gate: live order book, 13 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 MEXC live order book, 5 min ago	1.62 bp	24.0 bp −$24	66.0 bp −$660	228.8 bp −$22.9K	442.7 bp −$221.3K
Sell Gate live order book, 13 min ago	19.01 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
Bybit ZEREBROUSDT	+0.0100%	4h	0.03388	−0.212%	$5.3M	$927K	13x	as long as short
Gate ZEREBRO_USDTshort	+0.0100%	4h	0.03389	−0.180%	$454K	$24K	10x
KuCoin ZEREBROUSDTM	+0.0100%	4h	0.03393	−0.062%	$1.4M	$2.9M	10x	as long as short
Variational Omni ZEREBRO	+0.0100%	4h	0.03386	−0.277%	$108K	$15K	—	as long as short
BingX ZEREBRO-USDT	+0.0390%	4h	0.03394	−0.050%	—	$1.3M	—	as long as short
BloFin ZEREBRO-USDT	+0.0405%	4h	0.03394	−0.041%	$272K	$12K	10x	as long as short
MEXC ZEREBRO_USDTlong	+0.0410%	4h	0.03395	long leg	$7.1M	$125K	50x
Binance ZEREBROUSDT	+0.0423%	4h	0.03395	+0.003%	$4.7M	$1.4M	10x	as long as short
Extended ZEREBRO-USD	+0.0424%	1h	0.03395	−0.021%	$3K	$225K	5x	as long as short
Aster ZEREBROUSDT	+0.0431%	4h	0.03395	+0.003%	$381K	$18K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZEREBROUSD	+0.0661%	1h	0.03389	−0.173%	$3K	$2K	10x	as long as short