Funding you earn now, next payment 08:00 UTC+0.0480%/8h= +52.6% APRpaid last 24h +0.045%
Price spread now: Coinbase International against Bybit+1.979%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs+$122as in the Price arb table
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days+0.253%+$25 on $10k
+Price spread, last 4 days (all we have)−1.943%−$194 · spread now +1.979%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Coinbase International is 1.972% dearer against Bybit than usual: you sell high and buy low: +$197 more if the spread goes back to its 7-day average of +0.007%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.253% in total (about 13.2% 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 | Bybit CBRSUSDT | 206.19 | 0 | get 0.0000% / 8h | 7h 01m | $2.1M | $2.2M | 25x |
| Short | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0480 | get 0.0060% / 1h | 1m 52s | $115K | $108K | 10x |
Bybit CBRSUSDT
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $100.8
- Price spread: +1.979% → +0.007%
- $197.22
- Slippage, 4 orders
- −$53.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $223.2
- Costs to cover
- 0.748%
- Break-even
- from the start
Slippage from Bybit: live order book, 5 min ago; Coinbase International: live order book, 31 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, 5 min ago | 4.85 bp | 19.4 bp −$19 | 128.9 bp −$1,289 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 31 min ago | 10.53 bp | 17.4 bp −$17 | 26.9 bp −$269 | 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 | −0.0176% | 8h | 206.11 | −0.039% | $2.4M | $2.7M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0080% | 1h | 205.96 | −0.112% | $42.2M | $4.0M | 10x | as long as short |
| Phoenix CBRS | −0.0039% | 1h | 206.07 | −0.058% | $1K | $108K | 10x | as long as short |
| Lighter CBRS | −0.0032% | 1h | 205.92 | −0.131% | $90K | $1.1M | 10x | as long as short |
| edgeX CBRSUSDC | −0.0018% | 4h | 206.19 | +0.002% | $23K | $222K | 10x | as long as short |
| BloFin CBRS-USDT | −0.0014% | 8h | 206.07 | −0.058% | $147K | $72K | 20x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.16 | −0.015% | $65K | $148K | 20x | as long as short |
| Extended CBRS_24_5-USD | 0.0000% | 1h | 206.05 | −0.066% | $44K | $387K | 10x | as long as short |
| Binance CBRSUSDT | 0.0000% | 8h | 206.11 | −0.041% | $10.2M | $32.2M | 25x | as long as short |
| Bybit CBRSUSDTlong | 0.0000% | 8h | 206.19 | long leg | $2.1M | $2.2M | 25x |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Phoenix CBRS
Lighter CBRS
edgeX CBRSUSDC
BloFin CBRS-USDT
Aster CBRSUSDT
Extended CBRS_24_5-USD
Binance CBRSUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.14 | −0.024% | $2.2M | $3.5M | 25x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 206.22 | +0.013% | $396K | $101K | — | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 206.19 | −0.002% | $612 | $219K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.39 | +0.097% | $1K | $2.7M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 206.10 | −0.044% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.22 | +0.015% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 205.92 | −0.131% | — | $107K | 10x | as long as short |
| QFEX CBRS-USD | +0.0017% | 1h | 206.02 | −0.082% | $1.1M | $3.0M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.07 | −0.058% | $51K | $471K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.93 | −0.126% | $330K | $723K | 10x | as long as short |
| Gate CBRS_USDT | +0.0080% | 8h | 206.30 | +0.053% | $2.9M | $3.2M | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.08 | −0.053% | $815 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.03 | −0.078% | $112K | $184K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.77 | −0.204% | $24K | $138K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.95 | −0.115% | $239 | — | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | +0.0480% | 1h | 210.27 | +1.979% | $115K | $108K | 10x |
OKX CBRS-USDT-SWAP
Variational Omni CBRS
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Gate CBRS_USDT
Orderly PERP_CBRS_USDC_mythos
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP