Funding you earn now, next payment 00:00 UTC+0.0475%/8h= +52.0% APRnext payment +$4.75 per $10,000 · paid last 24h −0.007%
Price spread now: BloFin against Bybit−0.062%82s7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as 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−$560.564% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.062%, 7d avg +0.017%
=Funding pays, the price is against you. BloFin is 0.079% cheaper against Bybit than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.017%). If the spread goes back, that is −$8 on $10k: about 13 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.076% in total) that is about 7.3 days. The two prices were read 82 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 0.076% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.75 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 | Bybit CBRSUSDT | 209.57 | 0 | get 0.0000% / 8h | 23m 43s | $2.0M | $1.9M | 25x |
| Short | BloFin CBRS-USDT | 209.44 | 0.0475 | get 0.0475% / 8h | 23m 43s | $147K | $70K | 20x |
Bybit CBRSUSDT
BloFin CBRS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $99.69
- Price spread: −0.062% → +0.017%
- −$7.93
- Slippage, 4 orders
- −$33.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $35.33
- Costs to cover
- 0.564%
- Break-even
- 4.5 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 38 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 Bybit live order book, 3 min ago | 3.10 bp | 18.4 bp −$18 | 122.1 bp −$1,221 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 38 min ago | 0.95 bp | 8.9 bp −$9 | 15.7 bp −$157 | 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 | −0.0418% | 1h | 209.37 | −0.095% | $12K | $5K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0156% | 1h | 209.28 | −0.138% | $42.9M | $3.5M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.43 | −0.067% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDTlong | 0.0000% | 8h | 209.57 | long leg | $2.0M | $1.9M | 25x | |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.36 | −0.100% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.37 | −0.095% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.32 | −0.119% | $1K | $111K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.63 | +0.029% | $964 | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.40 | −0.081% | $9K | $6K | 20x | as long as short |
| Gate CBRS_USDT | +0.0012% | 8h | 209.40 | −0.081% | $2.9M | $3.1M | 50x | as long as short |
Deribit CBRS_USDC-PERPETUAL
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
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 | 209.11 | −0.219% | — | $94K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.539% | $114K | $114K | 10x | as long as short |
| QFEX CBRS-USD | +0.0021% | 1h | 209.31 | −0.124% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.49 | −0.038% | $91K | $868K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.32 | −0.119% | $57K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.28 | −0.138% | $341K | $919K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.41 | −0.076% | $143K | $92K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.34 | −0.110% | $24K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.31 | −0.124% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.43 | −0.067% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0447% | 8h | 209.38 | −0.093% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDTshort | +0.0475% | 8h | 209.44 | −0.062% | $147K | $70K | 20x | |
| Extended CBRS_24_5-USD | +0.0480% | 1h | 209.34 | −0.109% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0484% | 8h | 209.38 | −0.090% | $10.3M | $30.0M | 25x | as long as short |
| edgeX CBRSUSDC | +0.0545% | 4h | 209.27 | −0.141% | $24K | $220K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0564% | 8h | 209.35 | −0.106% | $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
Binance CBRSUSDT
edgeX CBRSUSDC
GRVT CBRS_USDT_Perp