Funding you earn now, next payment 05:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.038%
Price spread now: Lighter against Extended−0.100%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.100%, 7d avg −0.057%
=Together, before fees+0.009%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.042% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.057%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CBRS_24_5-USD | 208.01 | 0.0144 | pay 0.0018% / 1h | 27m 46s | $49K | $263K | 10x |
| Short | Lighter CBRS | 207.80 | 0.0032 | get 0.0004% / 1h | 27m 46s | $89K | $853K | 10x |
Extended CBRS_24_5-USD
Lighter CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$23.52
- Price spread: −0.100% → −0.057%
- −$4.25
- Slippage, 4 orders
- −$38.89
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$71.65
- Costs to cover
- 0.439%
- Break-even
- never at this rate
Slippage from Extended: live order book, 24 min ago; Lighter: live order book, 22 min ago.
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 Extended live order book, 24 min ago | 2.87 bp | 16.4 bp −$16 | 151.7 bp −$1,517 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 22 min ago | 0.72 bp | 5.2 bp −$5 | 7.9 bp −$79 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0349% | 1h | 207.81 | −0.095% | $42.5M | $3.6M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 207.98 | −0.015% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.25 | +0.116% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.24 | +0.112% | $2.4M | $2.7M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.62 | +0.294% | $993 | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 208.52 | +0.246% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 207.98 | −0.013% | — | $98K | 10x | as long as short |
| Lighter CBRSshort | +0.0032% | 1h | 207.80 | −0.100% | $89K | $853K | 10x | |
| Phoenix CBRS | +0.0038% | 1h | 208.03 | +0.011% | $1K | $108K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.18 | +0.083% | $53K | $1.1M | 10x | as long as short |
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Phoenix CBRS
Polymarket Perps CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.30 | +0.140% | $337K | $722K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0056% | 4h | 208.30 | +0.142% | $23K | $221K | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 208.41 | +0.193% | $1.1M | $3.1M | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0067% | 8h | 208.35 | +0.162% | $613 | $211K | 10x | as long as short |
| Variational Omni CBRS | +0.0088% | 8h | 208.34 | +0.161% | $420K | $86K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.17 | +0.078% | $114K | $114K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.22 | +0.102% | $24K | $141K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 208.41 | +0.193% | $824 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 208.42 | +0.197% | $242 | — | 10x | as long as short |
| Extended CBRS_24_5-USDlong | +0.0144% | 1h | 208.01 | long leg | $49K | $263K | 10x | |
| Binance CBRSUSDT | +0.0147% | 8h | 208.03 | +0.011% | $10.1M | $29.7M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0172% | 8h | 208.47 | +0.222% | $147K | $69K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0288% | 1h | 210.27 | +1.088% | $115K | $116K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0326% | 1h | 208.37 | +0.174% | $12K | $5K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0357% | 8h | 208.04 | +0.015% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0372% | 8h | 208.40 | +0.189% | $2.8M | $2.9M | 50x | as long as short |
Ondo Perps CBRS-USD.P
edgeX CBRSUSDC
QFEX CBRS-USD
GRVT CBRS_USDT_Perp
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
BloFin CBRS-USDT
Coinbase International CBRS-PERP-INTX
Deribit CBRS_USDC-PERPETUAL
Bybit CBRSUSDT
Gate CBRS_USDT