Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.072%
Price spread now: Phoenix against Coinbase International+0.283%72s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as 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−$1041.042% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.283%, 7d avg +0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.263% dearer against Coinbase International than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 72 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 | −0.0008 | get 0.0001% / 1h | 27m 50s | $114K | $114K | 10x |
| Short | Phoenix CBRS | 209.03 | 0 | get 0.0000% / 1h | 27m 50s | $1K | $112K | 10x |
Coinbase International CBRS-PERP-INTX
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $1.68
- Price spread: +0.283% → +0.020%
- $26.29
- Slippage, 4 orders
- −$87.17
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$76.19
- Costs to cover
- 1.042%
- Break-even
- 324.5 days
Slippage from Coinbase International: live order book, 55 min ago; Phoenix: live order book, 47 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, 55 min ago | 6.24 bp | 12.3 bp −$12 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 47 min ago | 10.56 bp | 40.4 bp −$40 | 102.7 bp −$1,027 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0055% | 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 | 209.07 | +0.304% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.37 | +0.446% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.33 | +0.427% | $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 CBRSshort | 0.0000% | 1h | 209.03 | +0.283% | $1K | $112K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.56 | +0.537% | $1K | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.44 | +0.480% | $9K | $6K | 20x | as long as short |
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
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 | +0.0021% | 1h | 209.07 | +0.302% | — | $90K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 209.29 | +0.408% | $1.1M | $3.3M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.10 | +0.317% | $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 | 209.28 | +0.403% | $349K | $915K | 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 | 209.32 | +0.422% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.42 | +0.471% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0171% | 8h | 209.33 | +0.426% | $422K | $321K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0232% | 1h | 209.32 | +0.423% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0232% | 8h | 209.32 | +0.422% | $10.3M | $30.3M | 25x | 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 | +0.1425% | 1h | 209.32 | +0.422% | $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
Binance CBRSUSDT
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp
edgeX CBRSUSDC
Deribit CBRS_USDC-PERPETUAL