Funding arb · Price arb / RWA

CBRS

RWAAll CBRS markets →

LONGAvantis▾Avantis −0.0147%tradeXYZ −0.0136%Aster 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%QFEX +0.0045%Vest Markets +0.0046%Coinbase International +0.0056%Polymarket Perps +0.0058%ApeX Omni +0.0100%Aevo +0.0104%Ondo Perps +0.0132%Lighter +0.0160%Variational Omni +0.0226%Bybit +0.0249%KuCoin +0.0272%OKX +0.0286%Extended +0.0296%Binance +0.0297%BingX +0.0307%Bitget +0.0332%GRVT +0.0384%BloFin +0.0415%edgeX +0.0622%Gate +0.0649%

⇄⇅

SHORTDeribit▾Deribit +0.1138%Gate +0.0649%edgeX +0.0622%BloFin +0.0415%GRVT +0.0384%Bitget +0.0332%BingX +0.0307%Binance +0.0297%Extended +0.0296%OKX +0.0286%KuCoin +0.0272%Bybit +0.0249%Variational Omni +0.0226%Lighter +0.0160%Ondo Perps +0.0132%Aevo +0.0104%ApeX Omni +0.0100%Polymarket Perps +0.0058%Coinbase International +0.0056%Vest Markets +0.0046%QFEX +0.0045%Aster 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%tradeXYZ −0.0136%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AvantisCBRS/USD	180.12	L −0.0147S +0.0184	get 0.0018% / 1h	39m 48s	$101K	—	10x	Long Avantis
SHORT	DeribitCBRS_USDC-PERPETUAL	180.39	+0.1138	get 0.0142% / 1h	39m 48s	$4K	$57K	10x	Short Deribit

Price gap+0.148%

Funding gap+0.1285% /8h

Both sides work: funding pays +$39 a day on $10k, and the gap is 0.148% above zero (no 7-day history yet): +$15 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.362% in total, about +0.0172%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now+0.148%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

AvantisDeribit

CBRS on 27 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis and Deribit: its slippage is not counted.
• i
  Note: Margin at max leverage$1,000 + $1,000

  Avantis 10x, Deribit 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Avantis · 1h+$4.42

  Short Deribit · 1h+$34.13

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$38.56Long Avantis: 24 payments, +$4.42; short Deribit: 24 payments, +$34.13.
• i
  Note: No 7-day spread history+0.148%

  The gap cannot be compared with its average yet.
• !
  Watch: Short leg is thinner$4K vs $101K OI

  Deribit sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legAvantis Season 3

  Volume here counts toward the points program.
• !
  Watch: KYCAvantis No · Deribit Yes

  ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0172%/8h × 21 periods+$36.20

Price spread+0.148% → 0+$14.84

Slippage, 4 ordersno data for Avantis and Deribit—

Fee Avantis bp × 2 orders−$9.00

Fee Deribit bp × 2 orders−$7.00

Net, fees only · 7 days · $10k+$35.04

Costs to cover0.160%Break-even0.2 days

Slippage: Avantis: no order-book sample; Deribit: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGAvantis—————

SELL · SHORTDeribit—————

Closing costs about the same again.
Avantis and Deribit: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

CBRS news

posts that mention CBRS, from every exchangeSearch all news →

09-30 16:30	Vest Markets	Other	Cerebras is reportedly not serving OpenAI's newest Ultrafast tier, with $CBRS down over 7% on today's session. Neither Cerebras nor OpenAI has confirmed the SemiAnalysis post, while the August Ultrafast mode for GPT-5.6 Sol ran on Cerebras at up to 750 tokens per second. The IPO lockup also released up to 19.4 million shares today, part of about 171 million in early-release tranches, with $CBRS below its $185 IPO price. @VestExchange on X ↗
09-17 10:29	Deribit	Listing	🚨 More equity and commodity perpetuals are now live on Deribit Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL ↓ @DeribitOfficial on X ↗
09-16 15:02	Deribit	Listing	🚨 More To Trade. Tomorrow, September 17, 2026, at 10:00 AM UTC, 11 more equity perpetual markets and 4 commodity perpetuals will go live on Deribit. All settled in USDC. Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Disclaimer: Equity & Commodity perpetuals are offered by Deribit FZE under its Limited Licence Approval from VARA, and are subject to the conditions, client eligibility criteria and restrictions of that approval. @DeribitOfficial on X ↗