Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.034%
Price spread now: Coinbase International against GRVT+0.181%7-day average −0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$530.527% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.079%+$8 on $10k
Price spread, last 4 days (all we have)−0.350%−$35 · spread now +0.181%, 7d avg −0.113%
Together, before fees−0.272%+ Points / potential airdropGRVT: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.294% dearer against GRVT than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.113%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT CBRS_USDT_Perp209.890get 0.0000% / 8h4h 42m$388$205K10x
ShortCoinbase International CBRS-PERP-INTX210.270.0104get 0.0013% / 1h42m 45s$115K$116K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21.84
Price spread: +0.181% → −0.113%
$29.38
Slippage, 4 orders
−$33.68
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$1.45
Costs to cover
0.527%
Break-even
7.5 days
Slippage from GRVT: live order book, 14 min ago; Coinbase International: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 14 min ago1.67 bp13.7 bp −$1422.4 bp −$224doesn't fitdoesn't fit
Sell Coinbase International live order book, 15 min ago3.57 bp9.8 bp −$1018.7 bp −$187doesn't fitdoesn't fit

CBRS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CBRSUSDC−0.0347%4h209.84−0.023%$24K$221K10xas long as short
Aster CBRSUSDT0.0000%8h209.89−0.002%$66K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h209.97+0.038%$2.2M$3.5M25xas long as short
Bitget CBRSUSDT0.0000%8h209.96+0.033%$2.4M$2.7M20xas long as short
GRVT CBRS_USDT_Perplong0.0000%8h209.89long leg$388$205K10x
SunX CBRS-USDT0.0000%8h210.09+0.095%$1K$3.0M10xas long as short
HTX CBRS-USDT0.0000%8h209.93+0.019%$9K$9K20xas long as short
Vest CBRS-USD-PERP+0.0022%1h209.53−0.172%$94K10xas long as short
Lighter CBRS+0.0032%1h209.82−0.033%$91K$840K10xas long as short
Phoenix CBRS+0.0038%1h209.79−0.048%$1K$108K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CBRS+0.0050%1h209.69−0.095%$42.9M$3.5M10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h209.80−0.043%$53K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h209.77−0.057%$340K$723K10xas long as short
QFEX CBRS-USD+0.0080%1h209.88−0.005%$1.1M$3.1M10xas long as short
KuCoin CBRSUSDTM+0.0100%8h209.83−0.029%$115K$115K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h209.88−0.005%$25K$140K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.87−0.010%$862$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.91+0.008%$24310xas long as short
Coinbase International CBRS-PERP-INTXshort+0.0104%1h210.27+0.181%$115K$116K10x
Variational Omni CBRS+0.0177%8h209.85−0.018%$424K$103Kas long as short
BloFin CBRS-USDT+0.0201%8h210.06+0.081%$149K$69K20xas long as short
Extended CBRS_24_5-USD+0.0216%1h209.92+0.013%$45K$260K10xas long as short
Binance CBRSUSDT+0.0216%8h209.96+0.035%$10.3M$29.4M25xas long as short
Bybit CBRSUSDT+0.0301%8h210.10+0.100%$2.1M$1.9M25xas long as short
Gate CBRS_USDT+0.0309%8h210.10+0.100%$2.9M$2.9M50xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0370%1h209.95+0.029%$12K$5K10xas long as short