Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0231%/8h= −25.3% APRnext payment $2.31 per $10,000 · paid last 24h +0.029%
Price spread now: Orderly against Bybit−0.100%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.100% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CBRSUSDT210.180.0331pay 0.0331% / 8h4h 22m$2.1M$1.9M25x
ShortOrderly PERP_CBRS_USDC_mythos209.970.0100get 0.0100% / 8h4h 22m$862$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
−$48.52
Price spread: −0.100% → 0.000%
−$9.99
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$75.51
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago2.38 bp17.4 bp −$17125.5 bp −$1,255doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CBRSUSDC−0.0803%4h209.77−0.196%$24K$220K10xas long as short
Aster CBRSUSDT0.0000%8h209.96−0.104%$66K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h210.09−0.043%$2.2M$3.5M25xas long as short
Bitget CBRSUSDT0.0000%8h210.01−0.081%$2.4M$2.7M20xas long as short
GRVT CBRS_USDT_Perp0.0000%8h209.82−0.171%$497$206K10xas long as short
SunX CBRS-USDT0.0000%8h210.21+0.014%$1K$3.0M10xas long as short
HTX CBRS-USDT0.0000%8h209.91−0.128%$9K$9K20xas long as short
Vest CBRS-USD-PERP+0.0022%1h209.53−0.309%$94K10xas long as short
Lighter CBRS+0.0032%1h209.80−0.181%$90K$848K10xas long as short
Phoenix CBRS+0.0038%1h209.66−0.247%$1K$108K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CBRS+0.0050%1h209.74−0.209%$42.9M$3.5M10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h209.86−0.152%$53K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h209.76−0.200%$340K$722K10xas long as short
QFEX CBRS-USD+0.0080%1h209.96−0.105%$1.1M$3.1M10xas long as short
KuCoin CBRSUSDTM+0.0100%8h209.98−0.095%$115K$114K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h209.90−0.133%$25K$140K50xas long as short
Orderly PERP_CBRS_USDC_mythosshort+0.0100%8h209.97−0.100%$862$1K10x
Aevo CBRS-PERP+0.0104%1h209.97−0.099%$24410xas long as short
Coinbase International CBRS-PERP-INTX+0.0104%1h210.27+0.043%$115K$116K10xas long as short
Variational Omni CBRS+0.0124%8h209.74−0.211%$424K$98Kas long as short
BloFin CBRS-USDT+0.0164%8h210.04−0.067%$148K$70K20xas long as short
Extended CBRS_24_5-USD+0.0168%1h209.97−0.098%$45K$263K10xas long as short
Binance CBRSUSDT+0.0169%8h210.02−0.078%$10.3M$29.4M25xas long as short
Bybit CBRSUSDTlong+0.0331%8h210.18long leg$2.1M$1.9M25x
Gate CBRS_USDT+0.0361%8h210.20+0.010%$2.9M$2.9M50xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0465%1h209.97−0.100%$12K$5K10xas long as short