Funding you earn now, next payment 21:00 UTC−0.0138%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h −0.036%
Price spread now: Phoenix against ApeX Omni−0.067%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1551.549% of the position
Funding, last 7 days−0.260%−$26 on $10k
+Price spread, last 3 days (all we have)+0.268%+$27 · spread now −0.067%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.045% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni CBRSUSDT | 208.53 | 0.0100 | pay 0.0013% / 1h | 5m 56s | $25K | $138K | 50x |
| Short | Phoenix CBRS | 208.39 | −0.0038 | pay 0.0005% / 1h | 5m 56s | $1K | $112K | 10x |
ApeX Omni CBRSUSDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$29.07
- Price spread: −0.067% → −0.022%
- −$4.53
- Slippage, 4 orders
- −$137.93
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$188.53
- Costs to cover
- 1.549%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 15 min ago; Phoenix: live order book, 9 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, 15 min ago | 27.09 bp | 37.9 bp −$38 | 189.2 bp −$1,892 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 9 min ago | 10.56 bp | 40.4 bp −$40 | 102.7 bp −$1,027 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0156% | 1h | 208.34 | −0.091% | $42.7M | $3.6M | 10x | as long as short |
| Phoenix CBRSshort | −0.0038% | 1h | 208.39 | −0.067% | $1K | $112K | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 208.35 | −0.085% | $65K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 208.46 | −0.034% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.60 | +0.034% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 208.50 | −0.014% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.44 | −0.043% | $2.4M | $2.8M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.62 | +0.043% | $1K | $3.4M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 208.50 | −0.014% | $12K | $52K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 208.54 | +0.005% | $9K | $6K | 20x | as long as short |
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CBRS | +0.0011% | 8h | 208.45 | −0.038% | $421K | $321K | — | as long as short |
| QFEX CBRS-USD | +0.0017% | 1h | 208.46 | −0.034% | $1.1M | $3.2M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 208.19 | −0.163% | — | $90K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 208.33 | −0.096% | $90K | $932K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.34 | −0.091% | $24K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.35 | −0.086% | $329K | $883K | 10x | as long as short |
| Binance CBRSUSDT | +0.0061% | 8h | 208.53 | 0.000% | $10.2M | $30.3M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0062% | 8h | 208.43 | −0.048% | $146K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0064% | 1h | 208.50 | −0.015% | $43K | $246K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0072% | 1h | 208.24 | −0.139% | $113K | $113K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.34 | −0.091% | $142K | $97K | 20x | as long as short |
| ApeX Omni CBRSUSDTlong | +0.0100% | 1h | 208.53 | long leg | $25K | $138K | 50x | |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 208.47 | −0.029% | $856 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 208.52 | −0.006% | $242 | — | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0238% | 8h | 208.49 | −0.020% | $901 | $242K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0978% | 4h | 208.44 | −0.042% | $24K | $220K | 10x | as long as short |
Variational Omni CBRS
QFEX CBRS-USD
Vest CBRS-USD-PERP
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Binance CBRSUSDT
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Coinbase International CBRS-PERP-INTX
KuCoin CBRSUSDTM
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
GRVT CBRS_USDT_Perp
edgeX CBRSUSDC