Funding arb · Price arb / RWA

CBRS

RWAAll CBRS markets →

LONGGate▾tradeXYZ −0.0027%Aster 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%Lighter +0.0032%Vest Markets +0.0046%Polymarket Perps +0.0050%QFEX +0.0057%Variational Omni +0.0079%ApeX Omni +0.0100%Aevo +0.0104%BloFin +0.0131%Binance +0.0133%Extended +0.0136%OKX +0.0198%Bitget +0.0223%BingX +0.0226%GRVT +0.0232%Bybit +0.0234%KuCoin +0.0314%Ondo Perps +0.0428%Deribit +0.0530%Coinbase International +0.0568%Gate +0.0624%edgeX +0.0641%

⇄⇅

SHORTAvantis▾edgeX +0.0641%Coinbase International +0.0568%Deribit +0.0530%Ondo Perps +0.0428%KuCoin +0.0314%Bybit +0.0234%GRVT +0.0232%BingX +0.0226%Bitget +0.0223%OKX +0.0198%Extended +0.0136%Binance +0.0133%BloFin +0.0131%Aevo +0.0104%ApeX Omni +0.0100%Variational Omni +0.0079%QFEX +0.0057%Polymarket Perps +0.0050%Vest Markets +0.0046%Lighter +0.0032%Aster 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%tradeXYZ −0.0027%Avantis +0.0108%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateCBRS_USDT	179.80	+0.0624	pay 0.0624% / 8h	5h 32m	$2.7M	$7.1M	50x	Long Gate
SHORT	AvantisCBRS/USD	179.38	L −0.0071S +0.0108	pay 0.0013% / 1h	32m 45s	$101K	—	10x	Short Avantis

Price gap−0.236%

Funding gap−0.0732% /8h

Both sides work against this direction now: funding costs $22 a day on $10k and the gap is 0.085% 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 −0.182% in total, about −0.0087%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m

1h · history

24H3D7D14D30D90D

Entry / Exit?Avantis: thin, under $1M open interest

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.236%

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

GateAvantis

CBRS on 27 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$200 + $1,000

  Gate 50x, Avantis 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long Gate · 8h−$18.72

  Short Avantis · 1h−$3.24

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

  Next 24h at the current rates, on $10k a leg: −$21.96Long Gate: 3 payments, −$18.72; short Avantis: 24 payments, −$3.24.
• !
  Watch: Gap narrower than usual−0.236% vs −0.151%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$101K vs $2.7M OI

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

  Volume here counts toward the points program.
• !
  Watch: KYCGate Yes · Avantis No

  KYC before the futures account opens; unverified accounts can only withdraw and close positions.

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−0.0087%/8h × 21 periods−$18.18

Price spread−0.236% → −0.151% (7d avg)−$8.53

Slippage, 4 ordersno data for Avantis—

Fee Gate bp × 2 orders−$15.00

Fee Avantis bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$50.71

Costs to cover0.240%Break-evennever at this rate

Slippage: Gate: live order book, just now; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGGate5.5615.5 bp−$1640.8 bp−$40884.0 bp−$8,397doesn’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 ↗