Funding arb · Price arb /

CBRS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: SunX against Aevo+0.088%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 SunX

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. SunX is 0.088% dearer against Aevo than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo CBRS-PERP	206.26	0.0104	pay 0.0013% / 1h	2m 45s	$239	—	10x
Short	SunX CBRS-USDT	206.44	0	get 0.0000% / 8h	1h 02m	$964	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$21.84
Price spread: +0.088% → 0.000%: $8.82
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$37.02
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	29.27 bp	79.1 bp −$79	doesn't fit	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
edgeX CBRSUSDC	−0.0697%	4h	206.38	+0.058%	$23K	$221K	10x	as long as short
Bitget CBRSUSDT	−0.0538%	8h	206.26	+0.001%	$2.4M	$2.4M	20x	as long as short
tradeXYZ xyz:CBRS	−0.0173%	1h	205.91	−0.169%	$42.2M	$4.0M	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	206.33	+0.033%	$65K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	206.18	−0.038%	$2.2M	$3.4M	25x	as long as short
SunX CBRS-USDTshort	0.0000%	8h	206.44	+0.088%	$964	$2.8M	10x
Deribit CBRS_USDC-PERPETUAL	0.0000%	1h	206.23	−0.014%	$12K	$5K	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	206.43	+0.083%	$9K	$10K	20x	as long as short
Vest CBRS-USD-PERP	+0.0022%	1h	206.04	−0.106%	—	$108K	10x	as long as short
Lighter CBRS	+0.0032%	1h	206.21	−0.023%	$91K	$909K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix CBRS	+0.0039%	1h	206.14	−0.057%	$1K	$108K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	206.05	−0.101%	$51K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	206.33	+0.035%	$335K	$717K	10x	as long as short
Variational Omni CBRS	+0.0075%	8h	206.44	+0.088%	$402K	$96K	—	as long as short
QFEX CBRS-USD	+0.0080%	1h	206.27	+0.006%	$1.1M	$3.0M	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	206.26	+0.001%	$114K	$107K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	206.26	+0.001%	$24K	$138K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	206.27	+0.006%	$816	$1K	10x	as long as short
Aevo CBRS-PERPlong	+0.0104%	1h	206.26	long leg	$239	—	10x
Binance CBRSUSDT	+0.0126%	8h	206.19	−0.034%	$10.1M	$30.5M	25x	as long as short
Extended CBRS_24_5-USD	+0.0128%	1h	206.23	−0.012%	$44K	$388K	10x	as long as short
BloFin CBRS-USDT	+0.0141%	8h	206.28	+0.011%	$147K	$71K	20x	as long as short
GRVT CBRS_USDT_Perp	+0.0203%	8h	206.38	+0.061%	$411	$218K	10x	as long as short
Bybit CBRSUSDT	+0.0290%	8h	206.25	−0.004%	$2.1M	$2.0M	25x	as long as short
Gate CBRS_USDT	+0.0391%	8h	206.50	+0.117%	$2.9M	$3.0M	50x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0600%	1h	210.27	+1.945%	$115K	$116K	10x	as long as short