Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0498%/8h= −54.6% APRpaid last 24h −0.123%

Price spread now: edgeX against Coinbase International−1.939%77s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as 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−$540.542% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.607%−$61 on $10k

Price spread, last 4 days (all we have)+2.145%+$214 · spread now −1.939%, 7d avg −0.003%

Together, before fees+1.538%+ Points / potential airdropedgeX: Active · farm board+$154 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and edgeX is 1.936% cheaper against Coinbase International than usual: you would sell low and buy high (−$194 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 77 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	210.27	0.0480	pay 0.0060% / 1h	0m 07s	$115K	$108K	10x
Short	edgeX CBRSUSDC	206.19	−0.0018	pay 0.0009% / 4h	3h 00m	$23K	$222K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now −1.939%Rate

Funding earned: −$104.65
Price spread: −1.939% → −0.003%: −$193.59
Slippage, 4 orders: −$35.21
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$352.45
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 33 min ago; edgeX: live order book, 32 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, 33 min ago	10.53 bp	16.3 bp −$16	33.8 bp −$338	doesn't fit	doesn't fit
Sell edgeX live order book, 32 min ago	5.39 bp	10.3 bp −$10	16.2 bp −$162	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
Bitget CBRSUSDT	−0.0164%	8h	206.35	−1.864%	$2.4M	$2.7M	20x	as long as short
tradeXYZ xyz:CBRS	−0.0090%	1h	206.00	−2.031%	$42.2M	$4.0M	10x	as long as short
Phoenix CBRS	−0.0039%	1h	205.91	−2.074%	$1K	$108K	10x	as long as short
Lighter CBRS	−0.0024%	1h	206.07	−1.997%	$90K	$1.1M	10x	as long as short
BloFin CBRS-USDT	−0.0021%	8h	206.14	−1.964%	$147K	$72K	20x	as long as short
edgeX CBRSUSDCshort	−0.0018%	4h	206.19	−1.939%	$23K	$222K	10x
Aster CBRSUSDT	0.0000%	8h	206.26	−1.907%	$65K	$148K	20x	as long as short
Extended CBRS_24_5-USD	0.0000%	1h	206.11	−1.980%	$44K	$387K	10x	as long as short
Binance CBRSUSDT	0.0000%	8h	206.21	−1.933%	$10.2M	$32.2M	25x	as long as short
Bybit CBRSUSDT	0.0000%	8h	206.26	−1.907%	$2.1M	$2.2M	25x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CBRS-USDT-SWAP	0.0000%	8h	206.34	−1.869%	$2.2M	$3.5M	25x	as long as short
Variational Omni CBRS	0.0000%	8h	205.99	−2.037%	$395K	$101K	—	as long as short
GRVT CBRS_USDT_Perp	0.0000%	8h	206.19	−1.942%	$612	$219K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	206.39	−1.845%	$1K	$2.7M	10x	as long as short
Deribit CBRS_USDC-PERPETUAL	0.0000%	1h	206.14	−1.964%	$12K	$5K	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	206.22	−1.926%	$9K	$10K	20x	as long as short
Vest CBRS-USD-PERP	+0.0016%	1h	205.92	−2.069%	—	$107K	10x	as long as short
QFEX CBRS-USD	+0.0017%	1h	206.02	−2.021%	$1.1M	$3.0M	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	206.00	−2.031%	$51K	$471K	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	205.99	−2.035%	$329K	$723K	10x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	206.21	−1.931%	$816	$2K	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	206.06	−2.002%	$112K	$185K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	205.77	−2.140%	$24K	$138K	50x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	206.08	−1.994%	$239	—	10x	as long as short
Gate CBRS_USDT	+0.0106%	8h	206.50	−1.793%	$2.9M	$3.2M	50x	as long as short
Coinbase International CBRS-PERP-INTXlong	+0.0480%	1h	210.27	long leg	$115K	$108K	10x