Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.017%
Price spread now: Coinbase International against Gate−0.601%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days+0.213%+$21 on $10k
+Price spread, last 3 days (all we have)+0.539%+$54 · spread now −0.601%, 7d avg −0.083%
=Funding pays, the price is against you. Coinbase International is 0.518% cheaper against Gate than usual: you would sell low and buy high (spread −0.601% now, against its 7-day average of −0.083%). If the spread goes back, that is −$52 on $10k: about 2 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.213% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CBRS_USDT | 209.70 | 0 | get 0.0000% / 8h | 7h 57m | $2.9M | $3.0M | 50x |
| Short | Coinbase International CBRS-PERP-INTX | 208.44 | 0.0024 | get 0.0003% / 1h | 57m 08s | $114K | $114K | 10x |
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Gate. 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
- $5.04
- Price spread: −0.601% → −0.083%
- −$51.78
- Slippage, 4 orders
- −$42.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$113.83
- Costs to cover
- 0.671%
- Break-even
- 165.1 days
Slippage from Gate: live order book, 1 min ago; Coinbase International: live order book, 16 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 Gate live order book, 1 min ago | 4.76 bp | 24.1 bp −$24 | 39.7 bp −$397 | 54.1 bp −$5,413 | doesn't fit |
| Sell Coinbase International live order book, 16 min ago | 3.58 bp | 9.5 bp −$9 | 20.3 bp −$203 | 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 | −0.0413% | 1h | 209.58 | −0.057% | $42.9M | $3.6M | 10x | as long as short |
| edgeX CBRSUSDC | −0.0310% | 4h | 209.68 | −0.010% | $24K | $220K | 10x | as long as short |
| Polymarket Perps CBRS-USD | −0.0115% | 1h | 209.58 | −0.057% | $53K | $1.1M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.65 | −0.023% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.88 | +0.086% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.13 | +0.205% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDTlong | 0.0000% | 8h | 209.70 | long leg | $2.9M | $3.0M | 50x | |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.76 | +0.029% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.58 | −0.057% | $1K | $111K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.95 | +0.119% | $959 | $3.2M | 10x | as long as short |
tradeXYZ xyz:CBRS
edgeX CBRSUSDC
Polymarket Perps CBRS-USD
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.66 | −0.019% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.83 | +0.062% | $9K | $6K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | +0.0024% | 1h | 208.44 | −0.601% | $114K | $114K | 10x | |
| Vest CBRS-USD-PERP | +0.0027% | 1h | 209.22 | −0.229% | — | $98K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 209.63 | −0.033% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.65 | −0.024% | $91K | $837K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.70 | 0.000% | $344K | $920K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.53 | −0.081% | $143K | $91K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.39 | −0.148% | $24K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.58 | −0.057% | $861 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.81 | +0.055% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0498% | 8h | 209.74 | +0.017% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0511% | 8h | 209.77 | +0.033% | $146K | $71K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0536% | 1h | 209.56 | −0.065% | $43K | $245K | 10x | as long as short |
| Binance CBRSUSDT | +0.0540% | 8h | 209.86 | +0.075% | $10.3M | $30.0M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0576% | 8h | 209.76 | +0.026% | $367 | $221K | 10x | as long as short |
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp