Funding you earn now, next payment 08:00 UTC−0.0302%/8h= −33.1% APRnext payment −$3.02 per $10,000 · paid last 24h −0.071%
Price spread now: OKX against Binance+0.066%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$530.525% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 2 days (all we have)−0.070%−$7 · spread now +0.066%, 7d avg −0.011%
=The price spread pays, funding is against you. OKX is 0.077% dearer against Binance than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of −0.011%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.149% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.02 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 | 209.17 | 0.0302 | pay 0.0302% / 8h | 5h 58m | $10.3M | $29.4M | 25x |
| Short | OKX CBRS-USDT-SWAP | 209.31 | 0 | get 0.0000% / 8h | 5h 58m | $2.2M | $3.5M | 25x |
Binance CBRSUSDT
OKX CBRS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$63.48
- Price spread: +0.066% → −0.011%
- $7.66
- Slippage, 4 orders
- −$32.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$108.33
- Costs to cover
- 0.525%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; OKX: live order book, 4 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, 13 min ago | 0.72 bp | 12.8 bp −$13 | 28.8 bp −$288 | 149.7 bp −$15.0K | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.72 bp | 16.8 bp −$17 | 66.6 bp −$666 | doesn't fit | doesn't fit |
CBRS on 25 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 | −0.0276% | 4h | 209.15 | −0.011% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0236% | 1h | 208.94 | −0.111% | $42.8M | $3.5M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0056% | 1h | 208.44 | −0.350% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.18 | +0.006% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAPshort | 0.0000% | 8h | 209.31 | +0.066% | $2.2M | $3.5M | 25x | |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.22 | +0.023% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.25 | +0.038% | $789 | $206K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.46 | +0.138% | $855 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.21 | +0.018% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.81 | −0.173% | — | $94K | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 209.06 | −0.054% | $90K | $822K | 10x | as long as short |
| QFEX CBRS-USD | +0.0038% | 1h | 208.97 | −0.097% | $1.1M | $3.3M | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 209.05 | −0.058% | $1K | $108K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0045% | 8h | 209.23 | +0.028% | $2.1M | $1.9M | 25x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.96 | −0.102% | $55K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.18 | +0.004% | $339K | $737K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.16 | −0.006% | $114K | $118K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.12 | −0.025% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.11 | −0.030% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.16 | −0.007% | $243 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0117% | 8h | 209.30 | +0.061% | $2.9M | $3.0M | 50x | as long as short |
| Variational Omni CBRS | +0.0276% | 8h | 209.14 | −0.016% | $423K | $120K | — | as long as short |
| Binance CBRSUSDTlong | +0.0302% | 8h | 209.17 | long leg | $10.3M | $29.4M | 25x | |
| Extended CBRS_24_5-USD | +0.0304% | 1h | 209.14 | −0.015% | $46K | $268K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0324% | 1h | 209.11 | −0.030% | $12K | $5K | 10x | as long as short |
Lighter CBRS
QFEX CBRS-USD
Phoenix CBRS
Bybit CBRSUSDT
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Gate CBRS_USDT
Variational Omni CBRS
Extended CBRS_24_5-USD
Deribit CBRS_USDC-PERPETUAL