Funding you earn now, next payment 23:00 UTC−0.0323%/8h= −35.4% APRnext payment −$0.40 per $10,000 · paid last 24h −0.097%
Price spread now: Phoenix against Deribit−0.038%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 −$10 a day on $10k at the current rate, and Phoenix is 0.038% cheaper against Deribit than usual: you would sell low and buy high (−$4 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 | 209.44 | 0.0323 | pay 0.0040% / 1h | 43m 04s | $12K | $4K | 10x |
| Short | Phoenix CBRS | 209.36 | 0 | get 0.0000% / 1h | 43m 04s | $1K | $111K | 10x |
Deribit CBRS_USDC-PERPETUAL
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$67.89
- Price spread: −0.038% → 0.000%
- −$3.82
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$85.71
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 26 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 Phoenix live order book, 26 min ago | 15.30 bp | 63.2 bp −$63 | 212.7 bp −$2,127 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 209.25 | −0.089% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.51 | +0.033% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.37 | −0.033% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.50 | +0.029% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.38 | −0.029% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRSshort | 0.0000% | 1h | 209.36 | −0.038% | $1K | $111K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.63 | +0.091% | $1K | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.47 | +0.014% | $9K | $6K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.477% | $114K | $114K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 208.95 | −0.234% | — | $94K | 10x | as long as short |
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Coinbase International CBRS-PERP-INTX
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CBRS-USD | +0.0021% | 1h | 209.33 | −0.053% | $1.1M | $3.4M | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.23 | −0.100% | $42.9M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.24 | −0.095% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.28 | −0.076% | $347K | $913K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.14 | −0.143% | $143K | $93K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.07 | −0.177% | $24K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.36 | −0.038% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.44 | 0.000% | $243 | — | 10x | as long as short |
| edgeX CBRSUSDC | +0.0120% | 4h | 209.37 | −0.035% | $24K | $222K | 10x | as long as short |
| Lighter CBRS | +0.0216% | 1h | 209.52 | +0.038% | $93K | $863K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUALlong | +0.0323% | 1h | 209.44 | long leg | $12K | $4K | 10x | |
| Variational Omni CBRS | +0.0405% | 8h | 209.37 | −0.034% | $423K | $321K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0448% | 1h | 209.31 | −0.061% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0449% | 8h | 209.35 | −0.043% | $10.3M | $30.0M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0478% | 8h | 209.40 | −0.019% | $146K | $70K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0559% | 8h | 209.43 | −0.005% | $478 | $227K | 10x | as long as short |
QFEX CBRS-USD
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
edgeX CBRSUSDC
Lighter CBRS
Variational Omni CBRS
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp