Funding you earn now, next payment 22:00 UTC−0.0810%/8h= −88.7% APRnext payment −$1.01 per $10,000 · paid last 24h −0.038%
Price spread now: Coinbase International against Deribit−0.454%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Coinbase International is 0.454% cheaper against Deribit than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit CBRS_USDC-PERPETUAL | 209.39 | 0.0802 | pay 0.0100% / 1h | 20m 27s | $12K | $28K | 10x |
| Short | Coinbase International CBRS-PERP-INTX | 208.44 | −0.0008 | pay 0.0001% / 1h | 20m 27s | $114K | $114K | 10x |
Deribit CBRS_USDC-PERPETUAL
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Deribit. 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
- −$170.05
- Price spread: −0.454% → 0.000%
- −$45.37
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$232.42
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 62 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 62 min ago | 6.24 bp | 12.5 bp −$12 | 23.7 bp −$237 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTXshort | −0.0008% | 1h | 208.44 | −0.454% | $114K | $114K | 10x | |
| tradeXYZ xyz:CBRS | −0.0004% | 1h | 209.15 | −0.115% | $42.8M | $3.6M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.16 | −0.111% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.44 | +0.024% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.44 | +0.024% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.40 | +0.005% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.39 | 0.000% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.14 | −0.119% | $1K | $112K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.64 | +0.119% | $1K | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.49 | +0.048% | $9K | $6K | 20x | as long as short |
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
Phoenix CBRS
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 | 209.00 | −0.186% | — | $90K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 209.24 | −0.072% | $1.1M | $3.3M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.32 | −0.033% | $91K | $899K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.23 | −0.076% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.29 | −0.048% | $349K | $913K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.11 | −0.134% | $143K | $96K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.86 | −0.253% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.38 | −0.005% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.49 | +0.048% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0209% | 8h | 209.39 | +0.002% | $422K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0277% | 8h | 209.46 | +0.033% | $146K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0288% | 1h | 209.39 | 0.000% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0291% | 8h | 209.37 | −0.010% | $10.3M | $30.2M | 25x | as long as short |
| edgeX CBRSUSDC | +0.0349% | 4h | 209.32 | −0.033% | $24K | $220K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0427% | 8h | 209.33 | −0.026% | $682 | $233K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUALlong | +0.0802% | 1h | 209.39 | long leg | $12K | $28K | 10x |
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
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
edgeX CBRSUSDC
GRVT CBRS_USDT_Perp