Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1509%/8h= +165.3% APRpaid last 24h +0.039%

Price spread now: Deribit against Binance−0.086%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.086% cheaper against Binance than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5 hours of funding at the current rate (+$45 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CBRSUSDT	206.62	0.0133	pay 0.0133% / 8h	2h 13m	$10.1M	$30.4M	25x
Short	Deribit CBRS_USDC-PERPETUAL	206.44	0.1643	get 0.0205% / 1h	13m 09s	$12K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee DeribitbpOrdersPrice spread, now −0.086%Rate

Funding earned: $316.97
Price spread: −0.086% → 0.000%: −$8.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $291.36
Costs to cover: 0.170%
Break-even: 0.6 days

Slippage unknown: Binance: live order book, 13 min ago; Deribit: no order-book sample. Net counts fees only.

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, 13 min ago	1.46 bp	10.7 bp −$11	27.6 bp −$276	126.8 bp −$12.7K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget CBRSUSDT	−0.0676%	8h	206.62	+0.001%	$2.4M	$2.4M	20x	as long as short
edgeX CBRSUSDC	−0.0224%	4h	205.92	−0.336%	$23K	$221K	10x	as long as short
tradeXYZ xyz:CBRS	−0.0158%	1h	206.18	−0.212%	$42.1M	$3.9M	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	206.41	−0.101%	$65K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	206.76	+0.069%	$2.2M	$3.5M	25x	as long as short
Phoenix CBRS	0.0000%	1h	205.97	−0.314%	$1K	$108K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	206.90	+0.137%	$1K	$2.9M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	206.19	−0.207%	$9K	$10K	20x	as long as short
Vest CBRS-USD-PERP	+0.0015%	1h	205.94	−0.328%	—	$107K	10x	as long as short
QFEX CBRS-USD	+0.0024%	1h	206.40	−0.105%	$1.1M	$3.1M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CBRS	+0.0032%	1h	206.09	−0.255%	$90K	$887K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	206.23	−0.188%	$51K	$1.1M	10x	as long as short
Variational Omni CBRS	+0.0077%	8h	205.97	−0.313%	$401K	$82K	—	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	206.20	−0.202%	$114K	$111K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	205.80	−0.396%	$24K	$139K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	206.27	−0.168%	$816	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	206.29	−0.159%	$239	—	10x	as long as short
BloFin CBRS-USDT	+0.0112%	8h	206.51	−0.052%	$146K	$70K	20x	as long as short
Binance CBRSUSDTlong	+0.0133%	8h	206.62	long leg	$10.1M	$30.4M	25x
Extended CBRS_24_5-USD	+0.0136%	1h	206.45	−0.079%	$44K	$389K	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0170%	1h	206.06	−0.270%	$335K	$716K	10x	as long as short
GRVT CBRS_USDT_Perp	+0.0171%	8h	206.01	−0.294%	$554	$214K	10x	as long as short
Bybit CBRSUSDT	+0.0307%	8h	206.71	+0.045%	$2.1M	$2.0M	25x	as long as short
Gate CBRS_USDT	+0.0344%	8h	206.60	−0.009%	$2.9M	$3.0M	50x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0464%	1h	210.27	+1.768%	$115K	$116K	10x	as long as short
Deribit CBRS_USDC-PERPETUALshort	+0.1643%	1h	206.44	−0.086%	$12K	$5K	10x