Funding you earn now, next payment 11:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.019%
Price spread now: Phoenix against Bybit−0.068%65s7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as 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−$1301.297% of the position
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)+0.186%+$19 · spread now −0.068%, 7d avg −0.052%
=The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CBRSUSDT | 206.96 | 0 | get 0.0000% / 8h | 4h 50m | $2.0M | $2.3M | 25x |
| Short | Phoenix CBRS | 206.82 | −0.0039 | pay 0.0005% / 1h | 50m 19s | $1K | $109K | 10x |
Bybit CBRSUSDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$8.09
- Price spread: −0.068% → −0.052%
- −$1.57
- Slippage, 4 orders
- −$111.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$139.38
- Costs to cover
- 1.297%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Phoenix: live order book, 47 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 | 4.09 bp | 27.9 bp −$28 | 143.4 bp −$1,434 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 47 min ago | 10.61 bp | 40.0 bp −$40 | 102.0 bp −$1,020 | doesn't fit | doesn't fit |
CBRS on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0434% | 4h | 207.41 | +0.218% | $23K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0258% | 1h | 206.15 | −0.391% | $42.2M | $4.2M | 10x | as long as short |
| QFEX CBRS-USD | −0.0160% | 1h | 207.03 | +0.034% | $1.1M | $2.9M | 10x | as long as short |
| Phoenix CBRSshort | −0.0039% | 1h | 206.82 | −0.068% | $1K | $109K | 10x | |
| Lighter CBRS | −0.0016% | 1h | 206.91 | −0.024% | $90K | $1.2M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.80 | −0.075% | $65K | $149K | 20x | as long as short |
| Bybit CBRSUSDTlong | 0.0000% | 8h | 206.96 | long leg | $2.0M | $2.3M | 25x | |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.83 | −0.063% | $2.2M | $3.4M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 207.02 | +0.029% | $2.4M | $2.9M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 207.61 | +0.314% | $1K | $2.4M | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
QFEX CBRS-USD
Lighter CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CBRS-USDT | 0.0000% | 8h | 207.05 | +0.043% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0017% | 1h | 206.98 | +0.010% | — | $108K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0043% | 8h | 207.26 | +0.145% | $107K | $75K | 20x | as long as short |
| Variational Omni CBRS | +0.0046% | 8h | 207.17 | +0.099% | $396K | $99K | — | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 207.23 | +0.130% | $325K | $740K | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0072% | 1h | 207.06 | +0.048% | $44K | $376K | 10x | as long as short |
| Binance CBRSUSDT | +0.0086% | 8h | 207.20 | +0.116% | $10.2M | $33.5M | 25x | as long as short |
| Polymarket Perps CBRS-USD | +0.0092% | 1h | 206.09 | −0.420% | $48K | $940K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.89 | −0.034% | $113K | $328K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 207.59 | +0.304% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.75 | −0.101% | $818 | $2K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.50 | −0.222% | $240 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0150% | 8h | 207.10 | +0.068% | $2.9M | $3.3M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0272% | 1h | 210.27 | +1.599% | $115K | $107K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0350% | 8h | 207.44 | +0.232% | $288 | $238K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1055% | 1h | 207.24 | +0.135% | $12K | $5K | 10x | as long as short |
HTX CBRS-USDT
Vest CBRS-USD-PERP
BloFin CBRS-USDT
Variational Omni CBRS
Ondo Perps CBRS-USD.P
Extended CBRS_24_5-USD
Binance CBRSUSDT
Polymarket Perps CBRS-USD
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
GRVT CBRS_USDT_Perp
Deribit CBRS_USDC-PERPETUAL