Funding you earn now, next payment 22:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h −0.027%
Price spread now: Binance against Coinbase International+0.427%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$470.475% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 2 days (all we have)−0.420%−$42 · spread now +0.427%, 7d avg +0.084%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.343% dearer against Coinbase International than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.084%. Mind the row above: over the last 7 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.153% in total (about -8.0% 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 | Coinbase International CBRS-PERP-INTX | 208.44 | −0.0008 | get 0.0001% / 1h | 29m 16s | $114K | $114K | 10x |
| Short | Binance CBRSUSDT | 209.33 | 0.0220 | get 0.0220% / 8h | 1h 29m | $10.3M | $30.3M | 25x |
Coinbase International CBRS-PERP-INTX
Binance CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $47.94
- Price spread: +0.427% → +0.084%
- $34.3
- Slippage, 4 orders
- −$27.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $34.74
- Costs to cover
- 0.475%
- Break-even
- 1.9 days
Slippage from Coinbase International: live order book, 53 min ago; Binance: live order book, 12 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, 53 min ago | 6.24 bp | 12.3 bp −$12 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.20 bp | 12.9 bp −$13 | 27.8 bp −$278 | 99.2 bp −$9,923 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0067% | 1h | 209.10 | +0.317% | $42.8M | $3.6M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | −0.0008% | 1h | 208.44 | long leg | $114K | $114K | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 209.12 | +0.328% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.34 | +0.432% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.36 | +0.441% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.40 | +0.461% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.25 | +0.389% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.03 | +0.283% | $1K | $112K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.55 | +0.533% | $1K | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.36 | +0.441% | $9K | $6K | 20x | as long as short |
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.06 | +0.297% | — | $90K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 209.30 | +0.413% | $1.1M | $3.3M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.06 | +0.297% | $90K | $890K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.22 | +0.374% | $31K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.27 | +0.398% | $349K | $914K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.11 | +0.321% | $143K | $96K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.86 | +0.201% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.33 | +0.427% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.41 | +0.464% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0171% | 8h | 209.33 | +0.426% | $422K | $321K | — | as long as short |
| Binance CBRSUSDTshort | +0.0220% | 8h | 209.33 | +0.427% | $10.3M | $30.3M | 25x | |
| Extended CBRS_24_5-USD | +0.0224% | 1h | 209.29 | +0.409% | $43K | $246K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0246% | 8h | 209.34 | +0.432% | $146K | $70K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0381% | 8h | 209.32 | +0.422% | $689 | $235K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0456% | 4h | 209.37 | +0.445% | $24K | $221K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1473% | 1h | 209.33 | +0.427% | $12K | $52K | 10x | as long as short |
Vest CBRS-USD-PERP
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
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp
edgeX CBRSUSDC
Deribit CBRS_USDC-PERPETUAL