Funding arb · Price arb /

CBRS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.020%

Price spread now: Bitget against Aevo+0.076%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.076% dearer against Aevo than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo CBRS-PERP	208.38	0.0104	pay 0.0013% / 1h	28m 48s	$242	—	10x
Short	Bitget CBRSUSDT	208.54	0	get 0.0000% / 8h	2h 28m	$2.4M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$21.84
Price spread: +0.076% → 0.000%: $7.56
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$42.28
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	3.12 bp	13.1 bp −$13	35.8 bp −$358	79.9 bp −$7,987	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CBRS on 26 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
edgeX CBRSUSDC	−0.0732%	4h	208.49	+0.054%	$24K	$221K	10x	as long as short
tradeXYZ xyz:CBRS	−0.0088%	1h	208.33	−0.025%	$42.7M	$3.6M	10x	as long as short
Phoenix CBRS	−0.0038%	1h	208.41	+0.013%	$1K	$112K	10x	as long as short
BloFin CBRS-USDT	−0.0003%	8h	208.55	+0.080%	$147K	$70K	20x	as long as short
Aster CBRSUSDT	0.0000%	8h	208.34	−0.021%	$65K	$147K	20x	as long as short
Extended CBRS_24_5-USD	0.0000%	1h	208.53	+0.069%	$43K	$246K	10x	as long as short
Binance CBRSUSDT	0.0000%	8h	208.55	+0.080%	$10.2M	$30.3M	25x	as long as short
Bybit CBRSUSDT	0.0000%	8h	208.65	+0.128%	$2.0M	$1.9M	25x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	208.50	+0.056%	$2.2M	$3.6M	25x	as long as short
Gate CBRS_USDT	0.0000%	8h	208.60	+0.104%	$2.9M	$3.1M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CBRSUSDTshort	0.0000%	8h	208.54	+0.076%	$2.4M	$2.9M	20x
Variational Omni CBRS	0.0000%	8h	208.53	+0.071%	$421K	$321K	—	as long as short
SunX CBRS-USDT	0.0000%	8h	208.76	+0.181%	$1K	$3.4M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	208.66	+0.133%	$9K	$6K	20x	as long as short
QFEX CBRS-USD	+0.0017%	1h	208.60	+0.104%	$1.1M	$3.1M	10x	as long as short
Vest CBRS-USD-PERP	+0.0021%	1h	208.15	−0.112%	—	$89K	10x	as long as short
Lighter CBRS	+0.0032%	1h	208.44	+0.028%	$90K	$932K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	208.40	+0.008%	$24K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	208.45	+0.032%	$328K	$883K	10x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0072%	1h	208.24	−0.068%	$113K	$113K	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	208.33	−0.025%	$142K	$97K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	208.54	+0.076%	$25K	$138K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	208.52	+0.066%	$856	$1K	10x	as long as short
Aevo CBRS-PERPlong	+0.0104%	1h	208.38	long leg	$242	—	10x
GRVT CBRS_USDT_Perp	+0.0164%	8h	208.49	+0.051%	$463	$242K	10x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.0230%	1h	208.55	+0.080%	$12K	$52K	10x	as long as short