Funding you earn now, next payment 03:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.001%
Price spread now: Phoenix against Aster+0.065%105s7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1331.332% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.065%, 7d avg −0.048%
=Together, before fees+0.001%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.113% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.048%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster CBRSUSDT | 209.38 | 0 | get 0.0000% / 8h | 3h 57m | $66K | $147K | 20x |
| Short | Phoenix CBRS | 209.52 | 0.0038 | get 0.0005% / 1h | 57m 38s | $1K | $108K | 10x |
Aster CBRSUSDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $8
- Price spread: +0.065% → −0.048%
- $11.28
- Slippage, 4 orders
- −$118.17
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$113.89
- Costs to cover
- 1.332%
- Break-even
- 106.7 days
Slippage from Aster: live order book, 59 min ago; Phoenix: live order book, 52 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 Aster live order book, 59 min ago | 5.00 bp | 28.6 bp −$29 | 258.8 bp −$2,588 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 52 min ago | 10.49 bp | 40.1 bp −$40 | 102.0 bp −$1,020 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0808% | 4h | 209.61 | +0.109% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0376% | 1h | 209.23 | −0.074% | $42.8M | $3.6M | 10x | as long as short |
| Aster CBRSUSDTlong | 0.0000% | 8h | 209.38 | long leg | $66K | $147K | 20x | |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.55 | +0.079% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.48 | +0.046% | $2.4M | $2.7M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.65 | +0.127% | $390 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.59 | +0.098% | $9K | $10K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0002% | 8h | 209.81 | +0.203% | $611 | $208K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.29 | −0.045% | — | $94K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.36 | −0.012% | $90K | $826K | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
GRVT CBRS_USDT_Perp
Vest CBRS-USD-PERP
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CBRSshort | +0.0038% | 1h | 209.52 | +0.065% | $1K | $108K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.33 | −0.026% | $53K | $1.1M | 10x | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 209.47 | +0.041% | $1.1M | $3.1M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.46 | +0.036% | $114K | $114K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.76 | +0.179% | $25K | $141K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.48 | +0.046% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.48 | +0.046% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0105% | 8h | 209.60 | +0.102% | $423K | $93K | — | as long as short |
| Ondo Perps CBRS-USD.P | +0.0133% | 1h | 209.40 | +0.007% | $340K | $721K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0139% | 8h | 209.50 | +0.055% | $148K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0160% | 1h | 209.46 | +0.037% | $45K | $263K | 10x | as long as short |
| Binance CBRSUSDT | +0.0163% | 8h | 209.50 | +0.055% | $10.2M | $29.4M | 25x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0288% | 1h | 210.27 | +0.423% | $115K | $116K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0371% | 8h | 209.52 | +0.065% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0388% | 8h | 209.60 | +0.103% | $2.9M | $2.9M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0849% | 1h | 209.46 | +0.036% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
QFEX CBRS-USD
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Ondo Perps CBRS-USD.P
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
Coinbase International CBRS-PERP-INTX
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL