Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.046%
Price spread now: Binance against ApeX Omni+0.056%59s7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1021.015% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.034%−$3 on $10k
Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.056%, 7d avg +0.026%
Together, before fees−0.135%−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.029% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.026%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CBRSUSDT209.900.0100pay 0.0013% / 1h22m 42s$25K$140K50x
ShortBinance CBRSUSDT210.020.0169get 0.0169% / 8h4h 22m$10.3M$29.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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

Funding earned
$14.49
Price spread: +0.056% → +0.026%
$2.92
Slippage, 4 orders
−$81.51
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$84.1
Costs to cover
1.015%
Break-even
47.6 days
Slippage from ApeX Omni: live order book, 33 min ago; Binance: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 33 min ago29.05 bp40.5 bp −$40204.2 bp −$2,042doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago1.67 bp10.5 bp −$1129.7 bp −$297110.0 bp −$11.0Kdoesn't fit

CBRS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CBRSUSDC−0.0803%4h209.77−0.062%$24K$220K10xas long as short
Aster CBRSUSDT0.0000%8h209.96+0.030%$66K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h210.09+0.091%$2.2M$3.5M25xas long as short
Bitget CBRSUSDT0.0000%8h210.01+0.052%$2.4M$2.7M20xas long as short
GRVT CBRS_USDT_Perp0.0000%8h209.82−0.038%$497$206K10xas long as short
SunX CBRS-USDT0.0000%8h210.21+0.148%$1K$3.0M10xas long as short
HTX CBRS-USDT0.0000%8h209.91+0.005%$9K$9K20xas long as short
Vest CBRS-USD-PERP+0.0022%1h209.53−0.176%$94K10xas long as short
Lighter CBRS+0.0032%1h209.80−0.048%$90K$848K10xas long as short
Phoenix CBRS+0.0038%1h209.66−0.114%$1K$108K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CBRS+0.0050%1h209.74−0.076%$42.9M$3.5M10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h209.86−0.019%$53K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h209.76−0.067%$340K$722K10xas long as short
QFEX CBRS-USD+0.0080%1h209.96+0.029%$1.1M$3.1M10xas long as short
KuCoin CBRSUSDTM+0.0100%8h209.98+0.038%$115K$114K20xas long as short
ApeX Omni CBRSUSDTlong+0.0100%1h209.90long leg$25K$140K50x
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.97+0.033%$862$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.97+0.034%$24410xas long as short
Coinbase International CBRS-PERP-INTX+0.0104%1h210.27+0.176%$115K$116K10xas long as short
Variational Omni CBRS+0.0124%8h209.74−0.078%$424K$98Kas long as short
BloFin CBRS-USDT+0.0164%8h210.04+0.067%$148K$70K20xas long as short
Extended CBRS_24_5-USD+0.0168%1h209.97+0.035%$45K$263K10xas long as short
Binance CBRSUSDTshort+0.0169%8h210.02+0.056%$10.3M$29.4M25x
Bybit CBRSUSDT+0.0331%8h210.18+0.133%$2.1M$1.9M25xas long as short
Gate CBRS_USDT+0.0361%8h210.20+0.143%$2.9M$2.9M50xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0465%1h209.97+0.033%$12K$5K10xas long as short