Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.077%
Price spread now: Phoenix against BloFin−0.160%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1171.170% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.160%, 7d avg −0.066%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.094% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CBRS-USDT | 206.21 | 0.0046 | pay 0.0046% / 8h | 20m 25s | $147K | $71K | 20x |
| Short | Phoenix CBRS | 205.88 | 0 | get 0.0000% / 1h | 20m 25s | $1K | $108K | 10x |
BloFin CBRS-USDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$9.65
- Price spread: −0.160% → −0.066%
- −$9.39
- Slippage, 4 orders
- −$98.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$136.08
- Costs to cover
- 1.170%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 49 min ago; Phoenix: live order book, 9 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, 49 min ago | 1.46 bp | 11.4 bp −$11 | 24.9 bp −$249 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 9 min ago | 11.65 bp | 47.2 bp −$47 | 123.2 bp −$1,232 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0427% | 8h | 206.06 | −0.073% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0246% | 1h | 205.78 | −0.209% | $42.1M | $3.9M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.98 | −0.111% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.05 | −0.078% | $2.2M | $3.4M | 25x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 206.07 | −0.066% | $401K | $90K | — | as long as short |
| Phoenix CBRSshort | 0.0000% | 1h | 205.88 | −0.160% | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 206.29 | +0.039% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.11 | −0.048% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0025% | 1h | 205.67 | −0.262% | — | $108K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.91 | −0.145% | $92K | $922K | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Variational Omni CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CBRSUSDT | +0.0039% | 8h | 205.99 | −0.107% | $10.1M | $30.6M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0040% | 1h | 205.94 | −0.133% | $44K | $389K | 10x | as long as short |
| BloFin CBRS-USDTlong | +0.0046% | 8h | 206.21 | long leg | $147K | $71K | 20x | |
| QFEX CBRS-USD | +0.0050% | 1h | 205.91 | −0.145% | $1.1M | $3.1M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.78 | −0.209% | $50K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.93 | −0.136% | $334K | $715K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.95 | −0.126% | $113K | $109K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.02 | −0.092% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.95 | −0.126% | $815 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.95 | −0.127% | $239 | — | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0110% | 8h | 206.02 | −0.092% | $571 | $216K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0192% | 8h | 206.08 | −0.063% | $2.1M | $2.0M | 25x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0235% | 1h | 206.11 | −0.048% | $12K | $5K | 10x | as long as short |
| Gate CBRS_USDT | +0.0387% | 8h | 206.10 | −0.053% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0536% | 1h | 210.27 | +1.969% | $115K | $112K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0997% | 4h | 206.01 | −0.095% | $23K | $220K | 10x | as long as short |
Binance CBRSUSDT
Extended CBRS_24_5-USD
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
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Deribit CBRS_USDC-PERPETUAL
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
edgeX CBRSUSDC