Funding arb · Price arb /

CBRS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.017%

Price spread now: Aevo against Bybit−0.033%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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. Aevo is 0.033% cheaper against Bybit than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CBRSUSDT	209.51	0	get 0.0000% / 8h	43m 08s	$2.0M	$1.9M	25x
Short	Aevo CBRS-PERP	209.44	0.0104	get 0.0013% / 1h	43m 08s	$243	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.033%Rate

Funding earned: $21.84
Price spread: −0.033% → 0.000%: −$3.3
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.46
Costs to cover: 0.270%
Break-even: 9.7 days

Slippage unknown: Bybit: live order book, 4 min ago; Aevo: 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 Bybit live order book, 4 min ago	1.67 bp	19.4 bp −$19	130.4 bp −$1,304	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Aster CBRSUSDT	0.0000%	8h	209.26	−0.118%	$66K	$147K	20x	as long as short
Bybit CBRSUSDTlong	0.0000%	8h	209.51	long leg	$2.0M	$1.9M	25x
OKX CBRS-USDT-SWAP	0.0000%	8h	209.37	−0.067%	$2.2M	$3.6M	25x	as long as short
Gate CBRS_USDT	0.0000%	8h	209.50	−0.005%	$2.9M	$3.0M	50x	as long as short
Bitget CBRSUSDT	0.0000%	8h	209.38	−0.062%	$2.4M	$2.8M	20x	as long as short
Phoenix CBRS	0.0000%	1h	209.36	−0.072%	$1K	$111K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	209.63	+0.057%	$1K	$3.3M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	209.47	−0.019%	$9K	$6K	20x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0016%	1h	208.44	−0.511%	$114K	$114K	10x	as long as short
Vest CBRS-USD-PERP	+0.0016%	1h	208.95	−0.267%	—	$94K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CBRS-USD	+0.0021%	1h	209.33	−0.086%	$1.1M	$3.4M	10x	as long as short
tradeXYZ xyz:CBRS	+0.0050%	1h	209.23	−0.134%	$42.9M	$3.6M	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	209.24	−0.129%	$30K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	209.28	−0.110%	$347K	$913K	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	209.14	−0.177%	$143K	$93K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.07	−0.210%	$24K	$136K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	209.36	−0.072%	$860	$1K	10x	as long as short
Aevo CBRS-PERPshort	+0.0104%	1h	209.44	−0.033%	$243	—	10x
edgeX CBRSUSDC	+0.0120%	4h	209.37	−0.069%	$24K	$222K	10x	as long as short
Lighter CBRS	+0.0216%	1h	209.52	+0.005%	$93K	$863K	10x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.0323%	1h	209.44	−0.033%	$12K	$4K	10x	as long as short
Variational Omni CBRS	+0.0405%	8h	209.37	−0.067%	$423K	$321K	—	as long as short
Extended CBRS_24_5-USD	+0.0448%	1h	209.33	−0.084%	$43K	$246K	10x	as long as short
Binance CBRSUSDT	+0.0449%	8h	209.35	−0.076%	$10.3M	$30.0M	25x	as long as short
BloFin CBRS-USDT	+0.0478%	8h	209.40	−0.053%	$146K	$70K	20x	as long as short
GRVT CBRS_USDT_Perp	+0.0559%	8h	209.43	−0.038%	$478	$227K	10x	as long as short