Funding you earn now, next payment 02:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h +0.022%
Price spread now: Coinbase International against ApeX Omni−0.320%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$980.981% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 3 days (all we have)+0.203%+$20 · spread now −0.320%, 7d avg −0.069%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.252% cheaper against ApeX Omni than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.069%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni CBRSUSDT | 209.11 | 0.0100 | pay 0.0013% / 1h | 57m 21s | $24K | $138K | 50x |
| Short | Coinbase International CBRS-PERP-INTX | 208.44 | −0.0056 | pay 0.0007% / 1h | 57m 21s | $114K | $114K | 10x |
ApeX Omni CBRSUSDT
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$32.76
- Price spread: −0.320% → −0.069%
- −$25.17
- Slippage, 4 orders
- −$78.07
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$156
- Costs to cover
- 0.981%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 3 min ago; Coinbase International: live order book, 5 min ago.
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 ApeX Omni live order book, 3 min ago | 27.02 bp | 36.3 bp −$36 | 185.9 bp −$1,859 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 5.02 bp | 11.4 bp −$11 | 18.9 bp −$189 | doesn't fit | doesn't fit |
CBRS on 25 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 | −0.0276% | 4h | 209.15 | +0.019% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0125% | 1h | 208.94 | −0.081% | $42.8M | $3.5M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | −0.0056% | 1h | 208.44 | −0.320% | $114K | $114K | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 209.04 | −0.033% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.24 | +0.062% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.22 | +0.053% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.16 | +0.025% | $715 | $205K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.47 | +0.172% | $915 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.20 | +0.043% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.83 | −0.134% | — | $94K | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 209.06 | −0.024% | $91K | $824K | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 208.94 | −0.081% | $1K | $108K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.01 | −0.048% | $55K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.18 | +0.033% | $339K | $737K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0051% | 8h | 209.24 | +0.062% | $2.1M | $1.9M | 25x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 209.12 | +0.005% | $1.1M | $3.3M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.06 | −0.024% | $114K | $118K | 20x | as long as short |
| ApeX Omni CBRSUSDTlong | +0.0100% | 1h | 209.11 | long leg | $24K | $138K | 50x | |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.11 | 0.000% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.17 | +0.030% | $243 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0117% | 8h | 209.30 | +0.091% | $2.9M | $3.0M | 50x | as long as short |
| Variational Omni CBRS | +0.0276% | 8h | 209.14 | +0.014% | $423K | $120K | — | as long as short |
| Binance CBRSUSDT | +0.0299% | 8h | 209.15 | +0.020% | $10.3M | $29.4M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0304% | 1h | 209.06 | −0.023% | $46K | $268K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0707% | 1h | 209.19 | +0.038% | $12K | $5K | 10x | as long as short |
Lighter CBRS
Phoenix CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Bybit CBRSUSDT
QFEX CBRS-USD
KuCoin CBRSUSDTM
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Gate CBRS_USDT
Variational Omni CBRS
Binance CBRSUSDT
Extended CBRS_24_5-USD
Deribit CBRS_USDC-PERPETUAL