Funding you earn now, next payment 04:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.017%
Price spread now: ApeX Omni against Coinbase International−1.170%7-day average +0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$920.919% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)+1.296%+$130 · spread now −1.170%, 7d avg +0.065%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 1.235% cheaper against Coinbase International than usual: you would sell low and buy high (−$124 if the spread goes back to its 7-day average of +0.065%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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 | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0288 | pay 0.0036% / 1h | 24m 49s | $115K | $116K | 10x |
| Short | ApeX Omni CBRSUSDT | 207.81 | 0.0100 | get 0.0013% / 1h | 24m 49s | $24K | $140K | 50x |
Coinbase International CBRS-PERP-INTX
ApeX Omni CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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
- −$39.48
- Price spread: −1.170% → +0.065%
- −$123.53
- Slippage, 4 orders
- −$71.91
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$254.92
- Costs to cover
- 0.919%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 28 min ago; ApeX Omni: live order book, 26 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 Coinbase International live order book, 28 min ago | 3.58 bp | 9.0 bp −$9 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 26 min ago | 22.47 bp | 40.1 bp −$40 | 209.9 bp −$2,099 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0853% | 4h | 207.90 | −1.125% | $23K | $220K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0337% | 1h | 206.88 | −1.612% | $42.3M | $3.7M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 207.15 | −1.483% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.10 | −1.508% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 207.13 | −1.493% | $2.4M | $2.7M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 207.32 | −1.403% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 208.52 | −0.832% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 206.88 | −1.612% | — | $98K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 206.61 | −1.741% | $90K | $855K | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 207.56 | −1.289% | $1K | $108K | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Phoenix CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.84 | −1.631% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 207.36 | −1.384% | $337K | $719K | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 206.97 | −1.569% | $1.1M | $3.1M | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0068% | 8h | 208.42 | −0.882% | $613 | $211K | 10x | as long as short |
| Variational Omni CBRS | +0.0076% | 8h | 207.33 | −1.400% | $418K | $85K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 207.25 | −1.436% | $114K | $114K | 20x | as long as short |
| ApeX Omni CBRSUSDTshort | +0.0100% | 1h | 207.81 | −1.170% | $24K | $140K | 50x | |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.96 | −1.574% | $819 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.98 | −1.565% | $240 | — | 10x | as long as short |
| Binance CBRSUSDT | +0.0140% | 8h | 207.04 | −1.536% | $10.1M | $29.7M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0144% | 1h | 206.99 | −1.558% | $48K | $258K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0170% | 8h | 206.90 | −1.603% | $146K | $69K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0288% | 1h | 210.27 | long leg | $115K | $116K | 10x | |
| Bybit CBRSUSDT | +0.0347% | 8h | 207.01 | −1.550% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0357% | 8h | 207.20 | −1.460% | $2.8M | $2.9M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1541% | 1h | 206.92 | −1.593% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
GRVT CBRS_USDT_Perp
Variational Omni CBRS
KuCoin CBRSUSDTM
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
Extended CBRS_24_5-USD
BloFin CBRS-USDT
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL