Funding you earn now, next payment 03:00 UTC−0.0129%/8h= −14.1% APRnext payment −$0.16 per $10,000 · paid last 24h −0.142%
Price spread now: tradeXYZ against Deribit−0.095%51s7-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
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and tradeXYZ is 0.095% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | Deribit CBRS_USDC-PERPETUAL | 210.11 | 0.0179 | pay 0.0022% / 1h | 1m 30s | $12K | $5K | 10x |
| Short | tradeXYZ xyz:CBRS | 209.91 | 0.0050 | get 0.0006% / 1h | 1m 30s | $43.0M | $3.5M | 10x |
Deribit CBRS_USDC-PERPETUAL
tradeXYZ xyz:CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$26.99
- Price spread: −0.095% → 0.000%
- −$9.52
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$61.51
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago | 0.48 bp | 13.0 bp −$13 | doesn't fit | 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-INTX | −0.0056% | 1h | 210.27 | +0.076% | $115K | $116K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 210.08 | −0.016% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.23 | +0.057% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 210.11 | 0.000% | $2.4M | $2.7M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.95 | −0.076% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.29 | +0.086% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.21 | +0.048% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.70 | −0.195% | — | $94K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0022% | 8h | 210.11 | +0.002% | $511 | $205K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 210.00 | −0.052% | $91K | $833K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
GRVT CBRS_USDT_Perp
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRSshort | +0.0050% | 1h | 209.91 | −0.095% | $43.0M | $3.5M | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 210.06 | −0.024% | $54K | $1.1M | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 210.06 | −0.024% | $1.1M | $3.2M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0079% | 1h | 210.12 | +0.005% | $341K | $733K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 210.05 | −0.029% | $115K | $115K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.96 | −0.071% | $25K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 210.12 | +0.005% | $863 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 210.17 | +0.028% | $244 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUALlong | +0.0179% | 1h | 210.11 | long leg | $12K | $5K | 10x | |
| Variational Omni CBRS | +0.0227% | 8h | 210.15 | +0.021% | $425K | $107K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0264% | 1h | 210.10 | −0.003% | $45K | $262K | 10x | as long as short |
| Binance CBRSUSDT | +0.0265% | 8h | 210.16 | +0.024% | $10.3M | $29.4M | 25x | as long as short |
| Bybit CBRSUSDT | +0.0280% | 8h | 210.25 | +0.067% | $2.1M | $1.9M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0284% | 8h | 210.07 | −0.019% | $105K | $69K | 20x | as long as short |
| Gate CBRS_USDT | +0.0287% | 8h | 210.30 | +0.090% | $2.9M | $3.0M | 50x | as long as short |
| edgeX CBRSUSDC | +0.0749% | 4h | 210.23 | +0.057% | $24K | $220K | 10x | as long as short |
Polymarket Perps CBRS-USD
QFEX 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
Bybit CBRSUSDT
BloFin CBRS-USDT
Gate CBRS_USDT
edgeX CBRSUSDC