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

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0314%/8h= +34.4% APRpaid last 24h +0.044%
Price spread now: BloFin against ApeX Omni+0.086%463s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1011.005% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.086%, 7d avg +0.037%
Together, before fees−0.170%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.049% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.037%. The two prices were read 463 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CBRSUSDT209.190.0100pay 0.0013% / 1h40m 44s$24K$138K50x
ShortBloFin CBRS-USDT209.370.0414get 0.0414% / 8h6h 40m$148K$71K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$66
Price spread: +0.086% → +0.037%
$4.86
Slippage, 4 orders
−$78.55
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$29.69
Costs to cover
1.005%
Break-even
10.1 days
Slippage from ApeX Omni: live order book, 25 min ago; BloFin: live order book, 10 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, 25 min ago26.91 bp38.7 bp −$39206.8 bp −$2,068doesn't fitdoesn't fit
Sell BloFin live order book, 10 min ago0.95 bp12.7 bp −$1326.4 bp −$264doesn't fitdoesn'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−0.0753%4h209.35+0.077%$24K$219K10xas long as short
tradeXYZ xyz:CBRS−0.0352%1h208.95−0.115%$42.8M$3.5M10xas long as short
Deribit CBRS_USDC-PERPETUAL−0.0085%1h209.10−0.043%$12K$5K10xas long as short
Coinbase International CBRS-PERP-INTX−0.0040%1h208.44−0.359%$114K$114K10xas long as short
Aster CBRSUSDT0.0000%8h209.21+0.007%$66K$147K20xas long as short
Bybit CBRSUSDT0.0000%8h209.22+0.014%$2.1M$1.9M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h209.18−0.005%$2.2M$3.6M25xas long as short
Gate CBRS_USDT0.0000%8h209.20+0.005%$2.9M$3.0M50xas long as short
Bitget CBRSUSDT0.0000%8h209.18−0.005%$2.4M$2.8M20xas long as short
GRVT CBRS_USDT_Perp0.0000%8h209.25+0.029%$475$210K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX CBRS-USDT0.0000%8h209.39+0.096%$1K$3.1M10xas long as short
HTX CBRS-USDT0.0000%8h209.37+0.086%$9K$9K20xas long as short
Polymarket Perps CBRS-USD+0.0001%1h208.96−0.110%$53K$1.1M10xas long as short
Vest CBRS-USD-PERP+0.0019%1h208.85−0.163%$97K10xas long as short
Lighter CBRS+0.0032%1h209.02−0.081%$90K$845K10xas long as short
QFEX CBRS-USD+0.0038%1h209.09−0.048%$1.1M$3.4M10xas long as short
Phoenix CBRS+0.0038%1h209.03−0.076%$1K$109K10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h209.14−0.024%$339K$891K10xas long as short
KuCoin CBRSUSDTM+0.0100%8h209.22+0.014%$114K$121K20xas long as short
ApeX Omni CBRSUSDTlong+0.0100%1h209.19long leg$24K$138K50x
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.18−0.005%$859$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.190.000%$24310xas long as short
Variational Omni CBRS+0.0347%8h209.12−0.032%$423K$235Kas long as short
Binance CBRSUSDT+0.0372%8h209.20+0.005%$10.2M$29.6M25xas long as short
Extended CBRS_24_5-USD+0.0376%1h209.09−0.046%$46K$268K10xas long as short
BloFin CBRS-USDTshort+0.0414%8h209.37+0.086%$148K$71K20x