Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.060%

Price spread now: Coinbase International against HTX−0.804%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.804% cheaper against HTX than usual: you would sell low and buy high (spread −0.804% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$80 on $10k: about 4 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CBRS-USDT	210.13	0	get 0.0000% / 8h	7h 06m	$9K	$9K	20x
Short	Coinbase International CBRS-PERP-INTX	208.44	0.0024	get 0.0003% / 1h	6m 47s	$114K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.804%Rate

Funding earned: $5.04
Price spread: −0.804% → 0.000%: −$80.43
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$97.39
Costs to cover: 0.220%
Break-even: 142.3 days

Slippage unknown: HTX: no order-book sample; Coinbase International: live order book, 1 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 1 min ago	7.85 bp	13.4 bp −$13	23.0 bp −$230	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
edgeX CBRSUSDC	−0.0726%	4h	210.06	−0.032%	$24K	$220K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	209.88	−0.120%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	210.00	−0.062%	$2.2M	$3.6M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	210.04	−0.043%	$2.4M	$2.8M	20x	as long as short
GRVT CBRS_USDT_Perp	0.0000%	8h	210.01	−0.058%	$1K	$211K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	210.49	+0.171%	$1K	$3.2M	10x	as long as short
HTX CBRS-USDTlong	0.0000%	8h	210.13	long leg	$9K	$9K	20x
Coinbase International CBRS-PERP-INTXshort	+0.0024%	1h	208.44	−0.804%	$114K	$114K	10x
Vest CBRS-USD-PERP	+0.0030%	1h	209.64	−0.233%	—	$98K	10x	as long as short
QFEX CBRS-USD	+0.0031%	1h	209.95	−0.086%	$1.1M	$3.4M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CBRS	+0.0032%	1h	209.85	−0.133%	$91K	$869K	10x	as long as short
Gate CBRS_USDT	+0.0032%	8h	210.10	−0.014%	$2.9M	$3.0M	50x	as long as short
Phoenix CBRS	+0.0038%	1h	209.79	−0.162%	$1K	$111K	10x	as long as short
tradeXYZ xyz:CBRS	+0.0050%	1h	209.74	−0.186%	$42.9M	$3.6M	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	209.83	−0.143%	$53K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	210.01	−0.057%	$343K	$924K	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	209.88	−0.119%	$114K	$122K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	210.16	+0.014%	$25K	$138K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	210.03	−0.048%	$862	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	210.06	−0.032%	$244	—	10x	as long as short
Bybit CBRSUSDT	+0.0156%	8h	210.07	−0.029%	$2.0M	$1.9M	25x	as long as short
Variational Omni CBRS	+0.0398%	8h	210.05	−0.038%	$424K	$321K	—	as long as short
Extended CBRS_24_5-USD	+0.0440%	1h	209.86	−0.126%	$46K	$270K	10x	as long as short
Binance CBRSUSDT	+0.0443%	8h	209.95	−0.086%	$10.3M	$29.7M	25x	as long as short
BloFin CBRS-USDT	+0.0456%	8h	209.99	−0.067%	$147K	$71K	20x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.1467%	1h	210.00	−0.062%	$12K	$5K	10x	as long as short