Funding you earn now, next payment 11:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.025%
Price spread now: Extended against Coinbase International−1.604%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$620.623% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 4 days (all we have)+1.667%+$167 · spread now −1.604%, 7d avg −0.064%
=Together, before fees+1.437%+ Points / potential airdropExtended: Active · farm board+$144 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Extended is 1.539% cheaper against Coinbase International than usual: you would sell low and buy high (−$154 if the spread goes back to its 7-day average of −0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0272 | pay 0.0034% / 1h | 50m 07s | $115K | $107K | 10x |
| Short | Extended CBRS_24_5-USD | 206.90 | 0.0088 | get 0.0011% / 1h | 50m 07s | $44K | $376K | 10x |
Coinbase International CBRS-PERP-INTX
Extended CBRS_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$38.64
- Price spread: −1.604% → −0.064%
- −$153.94
- Slippage, 4 orders
- −$47.25
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$254.83
- Costs to cover
- 0.623%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 56 min ago; Extended: live order book, 55 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, 56 min ago | 8.19 bp | 15.9 bp −$16 | 25.5 bp −$255 | doesn't fit | doesn't fit |
| Sell Extended live order book, 55 min ago | 2.17 bp | 16.8 bp −$17 | 205.1 bp −$2,051 | 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 | −1.360% | $23K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0258% | 1h | 206.15 | −1.959% | $42.2M | $4.2M | 10x | as long as short |
| QFEX CBRS-USD | −0.0160% | 1h | 207.03 | −1.541% | $1.1M | $2.9M | 10x | as long as short |
| Phoenix CBRS | −0.0039% | 1h | 206.82 | −1.641% | $1K | $109K | 10x | as long as short |
| Lighter CBRS | 0.0000% | 1h | 206.90 | −1.603% | $89K | $1.2M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 207.01 | −1.550% | $65K | $149K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 207.01 | −1.550% | $2.0M | $2.3M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.92 | −1.593% | $2.2M | $3.4M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 207.02 | −1.546% | $2.4M | $2.9M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 207.50 | −1.317% | $1K | $2.4M | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
QFEX CBRS-USD
Phoenix CBRS
Lighter CBRS
Aster CBRSUSDT
Bybit 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 | −1.531% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0017% | 1h | 206.98 | −1.565% | — | $108K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0043% | 8h | 207.26 | −1.431% | $107K | $75K | 20x | as long as short |
| Variational Omni CBRS | +0.0046% | 8h | 207.17 | −1.477% | $396K | $99K | — | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 207.23 | −1.446% | $325K | $740K | 10x | as long as short |
| Binance CBRSUSDT | +0.0086% | 8h | 206.79 | −1.655% | $10.1M | $33.6M | 25x | as long as short |
| Extended CBRS_24_5-USDshort | +0.0088% | 1h | 206.90 | −1.604% | $44K | $376K | 10x | |
| Polymarket Perps CBRS-USD | +0.0092% | 1h | 206.09 | −1.988% | $48K | $940K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.99 | −1.560% | $113K | $328K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 207.59 | −1.275% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.75 | −1.674% | $818 | $2K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.50 | −1.793% | $240 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0150% | 8h | 206.80 | −1.650% | $2.9M | $3.3M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0272% | 1h | 210.27 | long leg | $115K | $107K | 10x | |
| GRVT CBRS_USDT_Perp | +0.0350% | 8h | 207.44 | −1.346% | $288 | $238K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0378% | 1h | 207.05 | −1.531% | $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
Binance CBRSUSDT
Polymarket Perps CBRS-USD
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Gate CBRS_USDT
GRVT CBRS_USDT_Perp
Deribit CBRS_USDC-PERPETUAL