Funding you earn now, next payment 23:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.029%
Price spread now: Phoenix against GRVT−0.091%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1621.623% of the position
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.091%, 7d avg −0.056%
=Together, before fees−0.078%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Phoenix is 0.035% cheaper against GRVT than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.266% in total (about -13.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT CBRS_USDT_Perp | 209.42 | 0.0548 | pay 0.0548% / 8h | 47m 24s | $477 | $227K | 10x |
| Short | Phoenix CBRS | 209.23 | 0 | get 0.0000% / 1h | 47m 24s | $1K | $111K | 10x |
GRVT CBRS_USDT_Perp
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. 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
- −$115.08
- Price spread: −0.091% → −0.056%
- −$3.49
- Slippage, 4 orders
- −$146.28
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$280.85
- Costs to cover
- 1.623%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 30 min ago; Phoenix: 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 GRVT live order book, 30 min ago | 2.15 bp | 16.8 bp −$17 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 22 min ago | 15.30 bp | 63.2 bp −$63 | 212.7 bp −$2,127 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 209.27 | −0.072% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.50 | +0.038% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.48 | +0.029% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.50 | +0.038% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.45 | +0.014% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRSshort | 0.0000% | 1h | 209.23 | −0.091% | $1K | $111K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.63 | +0.100% | $1K | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.49 | +0.034% | $9K | $6K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.468% | $114K | $114K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 208.95 | −0.224% | — | $94K | 10x | as long as short |
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Coinbase International CBRS-PERP-INTX
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CBRS-USD | +0.0021% | 1h | 209.34 | −0.038% | $1.1M | $3.4M | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.28 | −0.067% | $42.9M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.28 | −0.067% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.37 | −0.024% | $346K | $913K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.16 | −0.124% | $143K | $93K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.00 | −0.200% | $24K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.40 | −0.009% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.50 | +0.037% | $243 | — | 10x | as long as short |
| Lighter CBRS | +0.0288% | 1h | 209.56 | +0.067% | $93K | $859K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0318% | 4h | 209.37 | −0.025% | $24K | $221K | 10x | as long as short |
| Variational Omni CBRS | +0.0381% | 8h | 209.38 | −0.020% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0414% | 8h | 209.40 | −0.009% | $146K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0432% | 1h | 209.35 | −0.033% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0433% | 8h | 209.38 | −0.019% | $10.3M | $30.0M | 25x | as long as short |
| GRVT CBRS_USDT_Perplong | +0.0548% | 8h | 209.42 | long leg | $477 | $227K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.0562% | 1h | 209.45 | +0.014% | $12K | $4K | 10x | as long as short |
QFEX CBRS-USD
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Lighter CBRS
edgeX CBRSUSDC
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
Deribit CBRS_USDC-PERPETUAL