Funding you earn now, next payment 00:00 UTC−0.0424%/8h= −46.4% APRpaid last 24h −0.025%
Price spread now: Lighter against BloFin+0.043%60s7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as 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−$310.313% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.043%, 7d avg −0.093%
=Together, before fees−0.204%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.136% dearer against BloFin than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.093%): +$14 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.098% in total) that is about 9.7 days. The two prices were read 60 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 -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment. 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 | BloFin CBRS-USDT | 209.39 | 0.0456 | pay 0.0456% / 8h | 20m 07s | $146K | $70K | 20x |
| Short | Lighter CBRS | 209.48 | 0.0032 | get 0.0004% / 1h | 20m 07s | $91K | $868K | 10x |
BloFin CBRS-USDT
Lighter CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$88.99
- Price spread: +0.043% → −0.093%
- $13.64
- Slippage, 4 orders
- −$19.25
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$106.6
- Costs to cover
- 0.313%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 41 min ago; Lighter: live order book, 55 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 BloFin live order book, 41 min ago | 0.95 bp | 11.0 bp −$11 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 55 min ago | 0.48 bp | 4.7 bp −$5 | 10.7 bp −$107 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | −0.0705% | 1h | 209.32 | −0.033% | $12K | $5K | 10x | as long as short |
| edgeX CBRSUSDC | −0.0599% | 4h | 209.31 | −0.036% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0213% | 1h | 209.20 | −0.091% | $42.9M | $3.5M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.35 | −0.017% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.56 | +0.081% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.46 | +0.033% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.45 | +0.029% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.32 | −0.033% | $1K | $111K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.63 | +0.115% | $964 | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.43 | +0.019% | $9K | $7K | 20x | as long as short |
Deribit CBRS_USDC-PERPETUAL
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CBRS_USDT | +0.0004% | 8h | 209.40 | +0.005% | $2.9M | $3.1M | 50x | as long as short |
| Vest CBRS-USD-PERP | +0.0014% | 1h | 209.11 | −0.134% | — | $94K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.454% | $114K | $114K | 10x | as long as short |
| QFEX CBRS-USD | +0.0021% | 1h | 209.39 | 0.000% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRSshort | +0.0032% | 1h | 209.48 | +0.043% | $91K | $868K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.25 | −0.067% | $57K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.26 | −0.062% | $342K | $919K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.40 | +0.005% | $143K | $92K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.32 | −0.033% | $24K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.34 | −0.024% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.44 | +0.025% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0445% | 8h | 209.32 | −0.035% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDTlong | +0.0456% | 8h | 209.39 | long leg | $146K | $70K | 20x | |
| Extended CBRS_24_5-USD | +0.0472% | 1h | 209.32 | −0.036% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0475% | 8h | 209.35 | −0.019% | $10.3M | $30.0M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0556% | 8h | 209.37 | −0.010% | $488 | $222K | 10x | as long as short |
Gate CBRS_USDT
Vest CBRS-USD-PERP
Coinbase International CBRS-PERP-INTX
QFEX CBRS-USD
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
Binance CBRSUSDT
GRVT CBRS_USDT_Perp