Funding you earn now, next payment 00:00 UTC−0.0483%/8h= −52.9% APRnext payment −$4.83 per $10,000 · paid last 24h −0.043%
Price spread now: SunX against Binance+0.081%46s7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as 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−$1481.481% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 2 days (all we have)−0.003%$0 · spread now +0.081%, 7d avg +0.121%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and SunX is 0.040% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.121%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.173% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.83 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 | 209.37 | 0.0483 | pay 0.0483% / 8h | 25m 37s | $10.3M | $30.0M | 25x |
| Short | SunX CBRS-USDT | 209.54 | 0 | get 0.0000% / 8h | 25m 37s | $964 | $3.3M | 10x |
Binance CBRSUSDT
SunX CBRS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$101.44
- Price spread: +0.081% → +0.121%
- −$3.97
- Slippage, 4 orders
- −$130.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$253.46
- Costs to cover
- 1.481%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; SunX: live order book, 2 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, 1 min ago | 0.95 bp | 10.3 bp −$10 | 25.0 bp −$250 | 103.1 bp −$10.3K | doesn't fit |
| Sell SunX live order book, 2 min ago | 30.05 bp | 79.5 bp −$79 | doesn't fit | 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 | −0.0129% | 1h | 209.23 | −0.067% | $42.9M | $3.5M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.29 | −0.040% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.54 | +0.081% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.42 | +0.024% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.36 | −0.005% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.24 | −0.062% | $1K | $111K | 10x | as long as short |
| SunX CBRS-USDTshort | 0.0000% | 8h | 209.54 | +0.081% | $964 | $3.3M | 10x | |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.33 | −0.019% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.40 | +0.014% | $9K | $6K | 20x | as long as short |
| Gate CBRS_USDT | +0.0013% | 8h | 209.40 | +0.014% | $2.9M | $3.1M | 50x | as long as short |
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
Phoenix CBRS
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Gate CBRS_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0015% | 1h | 209.21 | −0.076% | — | $94K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.444% | $114K | $114K | 10x | as long as short |
| QFEX CBRS-USD | +0.0021% | 1h | 209.31 | −0.029% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.35 | −0.010% | $91K | $868K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.24 | −0.062% | $57K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.25 | −0.057% | $341K | $919K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.25 | −0.057% | $143K | $92K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.34 | −0.014% | $24K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.29 | −0.038% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.39 | +0.011% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0447% | 8h | 209.38 | +0.003% | $423K | $321K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0480% | 1h | 209.33 | −0.018% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDTlong | +0.0483% | 8h | 209.37 | long leg | $10.3M | $30.0M | 25x | |
| BloFin CBRS-USDT | +0.0503% | 8h | 209.38 | +0.005% | $147K | $70K | 20x | as long as short |
| edgeX CBRSUSDC | +0.0545% | 4h | 209.27 | −0.046% | $24K | $220K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0564% | 8h | 209.35 | −0.010% | $590 | $223K | 10x | as long as short |
Vest CBRS-USD-PERP
Coinbase International CBRS-PERP-INTX
QFEX CBRS-USD
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Extended CBRS_24_5-USD
BloFin CBRS-USDT
edgeX CBRSUSDC
GRVT CBRS_USDT_Perp