Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.060%
Price spread now: Bybit against Coinbase International+0.849%54s7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as 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−$570.575% of the position
Funding, last 7 days−0.228%−$23 on $10k
+Price spread, last 3 days (all we have)−0.747%−$75 · spread now +0.849%, 7d avg +0.081%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.768% dearer against Coinbase International than usual: you sell high and buy low: +$77 more if the spread goes back to its 7-day average of +0.081%. Mind the row above: over the last 7 days funding on this pair cost −0.228%, so the current rate has only just turned in your favour. The two prices were read 54 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 | Coinbase International CBRS-PERP-INTX | 208.44 | 0.0024 | pay 0.0003% / 1h | 9m 22s | $114K | $114K | 10x |
| Short | Bybit CBRSUSDT | 210.21 | 0.0124 | get 0.0124% / 8h | 7h 09m | $2.0M | $1.9M | 25x |
Coinbase International CBRS-PERP-INTX
Bybit CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $20.91
- Price spread: +0.849% → +0.081%
- $76.81
- Slippage, 4 orders
- −$36.49
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $40.22
- Costs to cover
- 0.575%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 63 min ago; Bybit: live order book, 2 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, 63 min ago | 3.58 bp | 9.4 bp −$9 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.09 bp | 19.4 bp −$19 | 121.0 bp −$1,210 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 209.85 | +0.676% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.17 | +0.830% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 210.05 | +0.772% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 210.19 | +0.842% | $1K | $211K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.49 | +0.983% | $1K | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.39 | +0.936% | $9K | $9K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0024% | 1h | 208.44 | long leg | $114K | $114K | 10x | |
| Gate CBRS_USDT | +0.0030% | 8h | 210.20 | +0.844% | $2.9M | $3.0M | 50x | as long as short |
| Vest CBRS-USD-PERP | +0.0030% | 1h | 209.63 | +0.571% | — | $98K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 210.07 | +0.782% | $1.1M | $3.4M | 10x | as long as short |
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Gate CBRS_USDT
Vest CBRS-USD-PERP
QFEX CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 209.69 | +0.600% | $91K | $865K | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 209.79 | +0.648% | $1K | $111K | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.80 | +0.652% | $42.9M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.86 | +0.681% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 210.25 | +0.868% | $343K | $925K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.90 | +0.700% | $114K | $122K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 210.05 | +0.772% | $25K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 210.00 | +0.748% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.93 | +0.714% | $244 | — | 10x | as long as short |
| Bybit CBRSUSDTshort | +0.0124% | 8h | 210.21 | +0.849% | $2.0M | $1.9M | 25x | |
| edgeX CBRSUSDC | +0.0221% | 4h | 210.08 | +0.787% | $24K | $220K | 10x | as long as short |
| Variational Omni CBRS | +0.0398% | 8h | 210.05 | +0.773% | $424K | $321K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0432% | 1h | 210.13 | +0.811% | $46K | $270K | 10x | as long as short |
| Binance CBRSUSDT | +0.0438% | 8h | 210.02 | +0.758% | $10.3M | $29.7M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0450% | 8h | 210.18 | +0.835% | $147K | $71K | 20x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1849% | 1h | 210.03 | +0.763% | $12K | $5K | 10x | as long as short |
Lighter CBRS
Phoenix CBRS
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
edgeX CBRSUSDC
Variational Omni CBRS
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT
Deribit CBRS_USDC-PERPETUAL