Funding you earn now, next payment 04:00 UTC+0.0119%/8h= +13.1% APRpaid last 24h −0.028%
Price spread now: Coinbase International against Binance+0.712%53s7-day average −0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$420.424% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)−0.790%−$79 · spread now +0.712%, 7d avg −0.092%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.805% dearer against Binance than usual: you sell high and buy low: +$80 more if the spread goes back to its 7-day average of −0.092%. The two prices were read 53 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 | Binance CBRSUSDT | 208.78 | 0.0169 | pay 0.0169% / 8h | 3h 49m | $10.1M | $29.5M | 25x |
| Short | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0288 | get 0.0036% / 1h | 49m 21s | $115K | $116K | 10x |
Binance CBRSUSDT
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $25.06
- Price spread: +0.712% → −0.092%
- $80.45
- Slippage, 4 orders
- −$22.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $63.15
- Costs to cover
- 0.424%
- Break-even
- from the start
Slippage from Binance: live order book, 7 min ago; Coinbase International: live order book, 3 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, 7 min ago | 1.43 bp | 11.8 bp −$12 | 29.5 bp −$295 | 118.9 bp −$11.9K | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 3.58 bp | 10.2 bp −$10 | 19.3 bp −$193 | 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 | −0.0405% | 1h | 208.61 | −0.083% | $42.7M | $3.6M | 10x | as long as short |
| edgeX CBRSUSDC | −0.0343% | 4h | 209.38 | +0.286% | $24K | $220K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 208.82 | +0.020% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.03 | +0.118% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.96 | +0.085% | $2.4M | $2.7M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.27 | +0.233% | $462 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.51 | +0.348% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 208.58 | −0.097% | — | $94K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 208.92 | +0.066% | $90K | $834K | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 209.06 | +0.133% | $1K | $108K | 10x | as long as short |
tradeXYZ xyz:CBRS
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Phoenix CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CBRS_USDT_Perp | +0.0045% | 8h | 209.42 | +0.305% | $620 | $209K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.61 | −0.083% | $53K | $1.1M | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 208.85 | +0.032% | $1.1M | $3.1M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.92 | +0.066% | $114K | $114K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.46 | +0.324% | $25K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 208.86 | +0.037% | $826 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.09 | +0.147% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0111% | 8h | 209.28 | +0.240% | $422K | $90K | — | as long as short |
| Ondo Perps CBRS-USD.P | +0.0155% | 1h | 209.05 | +0.128% | $340K | $719K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0166% | 8h | 209.40 | +0.296% | $148K | $70K | 20x | as long as short |
| Binance CBRSUSDTlong | +0.0169% | 8h | 208.78 | long leg | $10.1M | $29.5M | 25x | |
| Extended CBRS_24_5-USD | +0.0176% | 1h | 208.85 | +0.034% | $44K | $263K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | +0.0288% | 1h | 210.27 | +0.712% | $115K | $116K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.0372% | 1h | 209.05 | +0.128% | $12K | $5K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0381% | 8h | 209.01 | +0.109% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0391% | 8h | 209.10 | +0.152% | $2.9M | $2.9M | 50x | as long as short |
GRVT CBRS_USDT_Perp
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
Deribit CBRS_USDC-PERPETUAL
Bybit CBRSUSDT
Gate CBRS_USDT