Funding you earn now, next payment 08:00 UTC−0.0437%/8h= −47.8% APRnext payment −$4.37 per $10,000 · paid last 24h −0.076%
Price spread now: Bitget against Binance+0.055%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$590.587% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 2 days (all we have)−0.030%−$3 · spread now +0.055%, 7d avg +0.011%
=The price spread pays, funding is against you. Bitget is 0.044% dearer against Binance than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.011%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.114% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CBRSUSDT | 209.95 | 0.0437 | pay 0.0437% / 8h | 7h 11m | $10.3M | $29.7M | 25x |
| Short | Bitget CBRSUSDT | 210.07 | 0 | get 0.0000% / 8h | 7h 11m | $2.4M | $2.8M | 20x |
Binance CBRSUSDT
Bitget CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$91.7
- Price spread: +0.055% → +0.011%
- $4.41
- Slippage, 4 orders
- −$36.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$146.01
- Costs to cover
- 0.587%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Bitget: live order book, 1 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 Binance live order book, 15 min ago | 2.14 bp | 13.6 bp −$14 | 27.4 bp −$274 | 101.3 bp −$10.1K | doesn't fit |
| Sell Bitget live order book, 1 min ago | 3.09 bp | 17.4 bp −$17 | 31.4 bp −$314 | 75.5 bp −$7,546 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 209.90 | −0.024% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.18 | +0.107% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 210.10 | +0.069% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDTshort | 0.0000% | 8h | 210.07 | +0.055% | $2.4M | $2.8M | 20x | |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 210.19 | +0.114% | $1K | $211K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.49 | +0.255% | $1K | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.39 | +0.207% | $9K | $9K | 20x | as long as short |
| Bybit CBRSUSDT | +0.0016% | 8h | 209.96 | +0.003% | $2.0M | $1.9M | 25x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0024% | 1h | 208.44 | −0.721% | $114K | $114K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0030% | 1h | 209.74 | −0.102% | — | $98K | 10x | as long as short |
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Bybit CBRSUSDT
Coinbase International CBRS-PERP-INTX
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CBRS-USD | +0.0031% | 1h | 210.08 | +0.060% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.80 | −0.074% | $91K | $862K | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 209.99 | +0.017% | $1K | $111K | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.75 | −0.097% | $42.9M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.89 | −0.031% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 210.25 | +0.141% | $343K | $926K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.84 | −0.055% | $114K | $122K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 210.17 | +0.103% | $25K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.93 | −0.012% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.95 | −0.001% | $244 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0179% | 1h | 209.86 | −0.045% | $12K | $5K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0314% | 4h | 210.25 | +0.141% | $24K | $222K | 10x | as long as short |
| Variational Omni CBRS | +0.0398% | 8h | 210.05 | +0.046% | $424K | $321K | — | as long as short |
| Binance CBRSUSDTlong | +0.0437% | 8h | 209.95 | long leg | $10.3M | $29.7M | 25x | |
| Extended CBRS_24_5-USD | +0.0440% | 1h | 209.86 | −0.047% | $46K | $270K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0450% | 8h | 210.18 | +0.107% | $147K | $71K | 20x | as long as short |
QFEX CBRS-USD
Lighter CBRS
Phoenix CBRS
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Deribit CBRS_USDC-PERPETUAL
edgeX CBRSUSDC
Variational Omni CBRS
Extended CBRS_24_5-USD
BloFin CBRS-USDT