Funding you earn now, next payment 04:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.031%
Price spread now: Phoenix against Aevo−0.089%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.089% cheaper against Aevo than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo CBRS-PERP | 209.26 | 0.0104 | pay 0.0013% / 1h | 51m 09s | $243 | — | 10x |
| Short | Phoenix CBRS | 209.07 | 0.0038 | get 0.0005% / 1h | 51m 09s | $1K | $108K | 10x |
Aevo CBRS-PERP
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aevo. 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
- −$13.81
- Price spread: −0.089% → 0.000%
- −$8.94
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$45.75
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 59 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 Phoenix live order book, 59 min ago | 10.49 bp | 40.1 bp −$40 | 102.0 bp −$1,020 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0413% | 1h | 209.05 | −0.099% | $42.8M | $3.6M | 10x | as long as short |
| edgeX CBRSUSDC | −0.0343% | 4h | 209.38 | +0.059% | $24K | $220K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.18 | −0.035% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.30 | +0.021% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.25 | −0.003% | $2.4M | $2.7M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.56 | +0.145% | $463 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.51 | +0.121% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.02 | −0.113% | — | $94K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.10 | −0.075% | $90K | $834K | 10x | as long as short |
| Phoenix CBRSshort | +0.0038% | 1h | 209.07 | −0.089% | $1K | $108K | 10x |
tradeXYZ xyz:CBRS
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CBRS_USDT_Perp | +0.0045% | 8h | 209.42 | +0.078% | $620 | $209K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.16 | −0.046% | $53K | $1.1M | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 209.24 | −0.008% | $1.1M | $3.1M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.28 | +0.011% | $114K | $114K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.46 | +0.097% | $25K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.25 | −0.003% | $828 | $1K | 10x | as long as short |
| Aevo CBRS-PERPlong | +0.0104% | 1h | 209.26 | long leg | $243 | — | 10x | |
| Variational Omni CBRS | +0.0105% | 8h | 209.52 | +0.127% | $422K | $92K | — | as long as short |
| BloFin CBRS-USDT | +0.0166% | 8h | 209.40 | +0.068% | $148K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0168% | 1h | 209.21 | −0.024% | $45K | $263K | 10x | as long as short |
| Binance CBRSUSDT | +0.0172% | 8h | 209.20 | −0.027% | $10.1M | $29.5M | 25x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0234% | 1h | 209.10 | −0.075% | $340K | $719K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0288% | 1h | 210.27 | +0.484% | $115K | $116K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0391% | 8h | 209.35 | +0.044% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0399% | 8h | 209.50 | +0.116% | $2.9M | $2.9M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0947% | 1h | 209.19 | −0.032% | $12K | $5K | 10x | as long as short |
GRVT CBRS_USDT_Perp
Polymarket Perps CBRS-USD
QFEX CBRS-USD
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
Ondo Perps CBRS-USD.P
Coinbase International CBRS-PERP-INTX
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL