Funding arb · Price arb / RWA

CBRS

RWAAll CBRS markets →

LONGExtended▾tradeXYZ −0.0167%Aster 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%QFEX +0.0045%Vest Markets +0.0046%Polymarket Perps +0.0050%Coinbase International +0.0056%ApeX Omni +0.0100%Ondo Perps +0.0101%Aevo +0.0104%Lighter +0.0144%Variational Omni +0.0226%Bybit +0.0245%KuCoin +0.0272%OKX +0.0281%Binance +0.0294%Extended +0.0296%BingX +0.0307%Bitget +0.0329%GRVT +0.0384%BloFin +0.0414%edgeX +0.0622%Gate +0.0649%Deribit +0.0916%

⇄⇅

SHORTAvantis▾Deribit +0.0916%Gate +0.0649%edgeX +0.0622%BloFin +0.0414%GRVT +0.0384%Bitget +0.0329%BingX +0.0307%Binance +0.0294%OKX +0.0281%KuCoin +0.0272%Bybit +0.0245%Variational Omni +0.0226%Lighter +0.0144%Aevo +0.0104%Ondo Perps +0.0101%ApeX Omni +0.0100%Coinbase International +0.0056%Polymarket Perps +0.0050%Vest Markets +0.0046%QFEX +0.0045%Aster 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%tradeXYZ −0.0167%Avantis +0.0184%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ExtendedCBRS_24_5-USD	180.39	+0.0296	pay 0.0037% / 1h	41m 36s	$31K	$381K	10x	Long Extended10% off
SHORT	AvantisCBRS/USD	180.13	L −0.0147S +0.0184	pay 0.0023% / 1h	41m 36s	$101K	—	10x	Short Avantis

Price gap−0.147%

Funding gap−0.0480% /8h

Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.048% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.242% in total, about −0.0115%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now−0.147%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ExtendedAvantis

CBRS on 27 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$1,000 + $1,000

  Extended 10x, Avantis 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Extended · 1h−$8.88

  Short Avantis · 1h−$5.52

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$14.40Long Extended: 24 payments, −$8.88; short Avantis: 24 payments, −$5.52.
• !
  Watch: Gap narrower than usual−0.147% vs −0.099%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$31K vs $101K OI

  Extended sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legExtended points · Avantis Season 3

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legExtended No · Avantis No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0115%/8h × 21 periods−$24.23

Price spread−0.147% → −0.099% (7d avg)−$4.82

Slippage, 4 ordersno data for Avantis—

Fee Extended bp × 2 orders−$5.00

Fee Avantis bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$43.05

Costs to cover0.140%Break-evennever at this rate

Slippage: Extended: live order book, 52 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGExtended2.5019.1 bp−$19165.4 bp−$1,654doesn’t fitdoesn’t fit

SELL · SHORTAvantis—————

Closing costs about the same again.
Avantis: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

CBRS news

posts that mention CBRS, from every exchangeSearch all news →

09-30 16:30	Vest Markets	Other	Cerebras is reportedly not serving OpenAI's newest Ultrafast tier, with $CBRS down over 7% on today's session. Neither Cerebras nor OpenAI has confirmed the SemiAnalysis post, while the August Ultrafast mode for GPT-5.6 Sol ran on Cerebras at up to 750 tokens per second. The IPO lockup also released up to 19.4 million shares today, part of about 171 million in early-release tranches, with $CBRS below its $185 IPO price. @VestExchange on X ↗
09-17 10:29	Deribit	Listing	🚨 More equity and commodity perpetuals are now live on Deribit Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL ↓ @DeribitOfficial on X ↗
09-16 15:02	Deribit	Listing	🚨 More To Trade. Tomorrow, September 17, 2026, at 10:00 AM UTC, 11 more equity perpetual markets and 4 commodity perpetuals will go live on Deribit. All settled in USDC. Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Disclaimer: Equity & Commodity perpetuals are offered by Deribit FZE under its Limited Licence Approval from VARA, and are subject to the conditions, client eligibility criteria and restrictions of that approval. @DeribitOfficial on X ↗