Funding you earn now, next payment 06:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.050%
Price spread now: Phoenix against Extended−0.024%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1111.108% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.024%, 7d avg −0.029%
=Together, before fees−0.076%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CBRS_24_5-USD | 205.65 | 0.0128 | pay 0.0016% / 1h | 31m 02s | $46K | $391K | 10x |
| Short | Phoenix CBRS | 205.60 | 0.0039 | get 0.0005% / 1h | 31m 02s | $1K | $108K | 10x |
Extended CBRS_24_5-USD
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$18.74
- Price spread: −0.024% → −0.029%
- $0.51
- Slippage, 4 orders
- −$98.78
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$129
- Costs to cover
- 1.108%
- Break-even
- never at this rate
Slippage from Extended: live order book, 11 min ago; Phoenix: live order book, 4 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, 11 min ago | 1.95 bp | 15.9 bp −$16 | 123.7 bp −$1,237 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 4 min ago | 10.22 bp | 40.3 bp −$40 | 102.0 bp −$1,020 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0646% | 8h | 205.88 | +0.112% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0207% | 1h | 205.45 | −0.097% | $42.0M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.64 | −0.004% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.76 | +0.054% | $2.2M | $3.4M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.04 | +0.190% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.85 | +0.098% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 205.41 | −0.116% | — | $106K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.54 | −0.053% | $90K | $892K | 10x | as long as short |
| Phoenix CBRSshort | +0.0039% | 1h | 205.60 | −0.024% | $1K | $108K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.51 | −0.068% | $50K | $1.1M | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter 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 | 205.76 | +0.054% | $335K | $717K | 10x | as long as short |
| Variational Omni CBRS | +0.0072% | 8h | 205.74 | +0.044% | $401K | $103K | — | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 205.69 | +0.020% | $1.1M | $3.0M | 10x | as long as short |
| BloFin CBRS-USDT | +0.0098% | 8h | 205.79 | +0.068% | $147K | $71K | 20x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.52 | −0.063% | $113K | $109K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.59 | −0.029% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.57 | −0.039% | $813 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.59 | −0.028% | $238 | — | 10x | as long as short |
| Binance CBRSUSDT | +0.0127% | 8h | 205.73 | +0.039% | $10.1M | $30.5M | 25x | as long as short |
| Extended CBRS_24_5-USDlong | +0.0128% | 1h | 205.65 | long leg | $46K | $391K | 10x | |
| GRVT CBRS_USDT_Perp | +0.0187% | 8h | 205.82 | +0.083% | $373 | $216K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0331% | 8h | 205.80 | +0.073% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0373% | 8h | 205.80 | +0.073% | $2.9M | $3.0M | 50x | as long as short |
| edgeX CBRSUSDC | +0.0446% | 4h | 205.82 | +0.084% | $23K | $221K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0600% | 1h | 210.27 | +2.247% | $115K | $116K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1211% | 1h | 205.68 | +0.015% | $12K | $5K | 10x | as long as short |
Ondo Perps CBRS-USD.P
Variational Omni CBRS
QFEX CBRS-USD
BloFin CBRS-USDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
edgeX CBRSUSDC
Coinbase International CBRS-PERP-INTX
Deribit CBRS_USDC-PERPETUAL