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

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h −0.030%
Price spread now: Bybit against ApeX Omni+0.339%49s7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1091.087% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.120%−$12 on $10k
Price spread, last 4 days (all we have)−0.323%−$32 · spread now +0.339%, 7d avg +0.024%
Together, before fees−0.443%−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.315% dearer against ApeX Omni than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour. The two prices were read 49 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 -0.120% in total (about -6.3% 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 CBRSUSDT206.670.0100pay 0.0013% / 1h52m 44s$24K$140K50x
ShortBybit CBRSUSDT207.370.0316get 0.0316% / 8h2h 52m$2.1M$2.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$45.36
Price spread: +0.339% → +0.024%
$31.5
Slippage, 4 orders
−$87.69
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$31.83
Costs to cover
1.087%
Break-even
11.9 days
Slippage from ApeX Omni: live order book, 58 min ago; Bybit: 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, 58 min ago22.47 bp32.5 bp −$33202.6 bp −$2,026doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago3.38 bp17.9 bp −$18140.9 bp −$1,409doesn'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
Bitget CBRSUSDT−0.0311%8h207.28+0.295%$2.4M$2.4M20xas long as short
tradeXYZ xyz:CBRS−0.0250%1h207.10+0.208%$42.3M$3.8M10xas long as short
Aster CBRSUSDT0.0000%8h207.02+0.169%$65K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h207.52+0.411%$2.2M$3.5M25xas long as short
Phoenix CBRS0.0000%1h206.47−0.097%$1K$108K10xas long as short
SunX CBRS-USDT0.0000%8h207.20+0.256%$1K$2.9M10xas long as short
HTX CBRS-USDT0.0000%8h206.97+0.145%$9K$10K20xas long as short
Vest CBRS-USD-PERP+0.0016%1h206.55−0.058%$104K10xas long as short
QFEX CBRS-USD+0.0024%1h206.96+0.140%$1.1M$3.1M10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h206.86+0.092%$51K$1.1M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni CBRS+0.0070%8h207.07+0.193%$403K$92Kas long as short
KuCoin CBRSUSDTM+0.0100%8h206.79+0.058%$116K$113K20xas long as short
ApeX Omni CBRSUSDTlong+0.0100%1h206.67long leg$24K$140K50x
Orderly PERP_CBRS_USDC_mythos+0.0100%8h206.94+0.131%$818$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h206.96+0.141%$24010xas long as short
GRVT CBRS_USDT_Perp+0.0107%8h206.84+0.082%$213$212K10xas long as short
BloFin CBRS-USDT+0.0118%8h207.18+0.247%$147K$70K20xas long as short
Extended CBRS_24_5-USD+0.0136%1h207.09+0.201%$44K$390K10xas long as short
Binance CBRSUSDT+0.0140%8h207.44+0.373%$10.1M$30.0M25xas long as short
Ondo Perps CBRS-USD.P+0.0309%1h206.84+0.082%$337K$716K10xas long as short
Bybit CBRSUSDTshort+0.0316%8h207.37+0.339%$2.1M$2.0M25x
Gate CBRS_USDT+0.0345%8h207.30+0.305%$2.9M$3.0M50xas long as short
Lighter CBRS+0.0368%1h207.37+0.339%$90K$854K10xas long as short
Coinbase International CBRS-PERP-INTX+0.0464%1h210.27+1.742%$115K$116K10xas long as short
edgeX CBRSUSDC+0.0596%4h206.91+0.118%$23K$220K10xas long as short
Deribit CBRS_USDC-PERPETUAL+0.2559%1h207.05+0.184%$12K$5K10xas long as short