Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.030%
Price spread now: KuCoin against Coinbase International+0.691%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$435as in the Funding arb table
Net, price: spread back to 7d avg − costs−$365as in the Price arb table
costs, in and out, $10k−$4274.274% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 3 days (all we have)−0.587%−$59 · spread now +0.691%, 7d avg +0.068%
Together, before fees−0.661%−$66 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.622% dearer against Coinbase International than usual: you sell high and buy low: +$62 more if the spread goes back to its 7-day average of +0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International CBRS-PERP-INTX208.440.0024pay 0.0003% / 1h5m 13s$114K$114K10x
ShortKuCoin CBRSUSDTM209.880.0100get 0.0100% / 8h7h 05m$114K$122K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$15.96
Price spread: +0.691% → +0.068%
$62.24
Slippage, 4 orders
−$405.42
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$349.22
Costs to cover
4.274%
Break-even
160.2 days
Slippage from Coinbase International: live order book, 2 min ago; KuCoin: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago7.85 bp12.9 bp −$1319.6 bp −$196doesn't fitdoesn't fit
Sell KuCoin live order book, 39 min ago9.76 bp172.8 bp −$173doesn't fitdoesn't fitdoesn't fit

CBRS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CBRSUSDT0.0000%8h209.90+0.699%$66K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h210.00+0.748%$2.2M$3.6M25xas long as short
Bitget CBRSUSDT0.0000%8h209.93+0.715%$2.4M$2.8M20xas long as short
GRVT CBRS_USDT_Perp0.0000%8h210.01+0.752%$1K$211K10xas long as short
SunX CBRS-USDT0.0000%8h210.17+0.830%$1K$3.2M10xas long as short
HTX CBRS-USDT0.0000%8h210.13+0.811%$9K$9K20xas long as short
Coinbase International CBRS-PERP-INTXlong+0.0024%1h208.44long leg$114K$114K10x
Vest CBRS-USD-PERP+0.0030%1h209.53+0.523%$98K10xas long as short
QFEX CBRS-USD+0.0031%1h209.85+0.676%$1.1M$3.4M10xas long as short
Lighter CBRS+0.0032%1h209.92+0.710%$91K$869K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix CBRS+0.0038%1h209.79+0.648%$1K$111K10xas long as short
tradeXYZ xyz:CBRS+0.0050%1h209.70+0.604%$42.9M$3.6M10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h209.76+0.633%$53K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h210.01+0.753%$342K$924K10xas long as short
Gate CBRS_USDT+0.0053%8h210.00+0.748%$2.9M$3.0M50xas long as short
KuCoin CBRSUSDTMshort+0.0100%8h209.88+0.691%$114K$122K20x
ApeX Omni CBRSUSDT+0.0100%1h210.16+0.825%$25K$138K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.91+0.705%$862$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.94+0.720%$24410xas long as short
Bybit CBRSUSDT+0.0168%8h210.04+0.768%$2.0M$1.9M25xas long as short
Variational Omni CBRS+0.0406%8h209.88+0.691%$424K$321Kas long as short
Extended CBRS_24_5-USD+0.0440%1h209.86+0.681%$46K$270K10xas long as short
Binance CBRSUSDT+0.0443%8h209.91+0.705%$10.3M$29.7M25xas long as short
BloFin CBRS-USDT+0.0467%8h209.96+0.729%$147K$71K20xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0608%1h209.89+0.696%$12K$5K10xas long as short
edgeX CBRSUSDC+0.0807%4h209.97+0.735%$24K$221K10xas long as short