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

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0606%/8h= +66.3% APRpaid last 24h +0.062%
Price spread now: SunX against edgeX+0.329%74s7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1611.608% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.274%+$27 on $10k
Price spread, last 4 days (all we have)−0.318%−$32 · spread now +0.329%, 7d avg +0.108%
Together, before fees−0.045%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and SunX is 0.222% dearer against edgeX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.108%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.274% in total (about 14.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX CBRSUSDC207.29−0.0606get 0.0303% / 4h1h 54m$23K$221K10x
ShortSunX CBRS-USDT207.970get 0.0000% / 8h5h 54m$1K$2.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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
$127.16
Price spread: +0.329% → +0.108%
$22.16
Slippage, 4 orders
−$143.76
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$11.44
Costs to cover
1.608%
Break-even
7.6 days
Slippage from edgeX: live order book, 56 min ago; SunX: live order book, 7 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 edgeX live order book, 56 min ago8.27 bp19.6 bp −$2025.3 bp −$253doesn't fitdoesn't fit
Sell SunX live order book, 7 min ago29.87 bp79.6 bp −$80doesn't fitdoesn't fitdoesn't fit

CBRS on 26 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CBRSUSDClong−0.0606%4h207.29long leg$23K$221K10x
tradeXYZ xyz:CBRS−0.0259%1h207.42+0.064%$42.5M$4.1M10xas long as short
Phoenix CBRS−0.0116%1h207.16−0.061%$1K$109K10xas long as short
QFEX CBRS-USD−0.0009%1h207.63+0.165%$1.1M$3.0M10xas long as short
Aster CBRSUSDT0.0000%8h207.26−0.014%$65K$148K20xas long as short
Bybit CBRSUSDT0.0000%8h207.53+0.117%$2.1M$2.2M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h207.66+0.180%$2.2M$3.4M25xas long as short
Bitget CBRSUSDT0.0000%8h207.67+0.185%$2.3M$2.8M20xas long as short
Variational Omni CBRS0.0000%8h207.39+0.048%$398K$101Kas long as short
SunX CBRS-USDTshort0.0000%8h207.97+0.329%$1K$2.5M10x
Show all 26 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit CBRS_USDC-PERPETUAL0.0000%1h207.50+0.103%$12K$5K10xas long as short
HTX CBRS-USDT0.0000%8h207.42+0.064%$9K$10K20xas long as short
Lighter CBRS+0.0016%1h207.37+0.040%$90K$1.2M10xas long as short
Vest CBRS-USD-PERP+0.0020%1h207.38+0.045%$105K10xas long as short
BloFin CBRS-USDT+0.0021%8h207.50+0.103%$149K$73K20xas long as short
Binance CBRSUSDT+0.0039%8h207.67+0.183%$10.2M$32.8M25xas long as short
Extended CBRS_24_5-USD+0.0040%1h207.50+0.103%$44K$386K10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h207.42+0.064%$51K$465K10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h207.43+0.069%$333K$726K10xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h207.49+0.098%$821$2K10xas long as short
KuCoin CBRSUSDTM+0.0100%8h207.37+0.040%$114K$256K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h207.23−0.028%$24K$139K50xas long as short
Aevo CBRS-PERP+0.0104%1h207.46+0.085%$24110xas long as short
Coinbase International CBRS-PERP-INTX+0.0320%1h210.27+1.439%$115K$107K10xas long as short
Gate CBRS_USDT+0.0348%8h207.70+0.199%$2.9M$3.3M50xas long as short
GRVT CBRS_USDT_Perp+0.0510%8h207.34+0.023%$518$227K10xas long as short