Funding you earn now, next payment 21:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.001%
Price spread now: Phoenix against HTX−0.058%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.058% cheaper against HTX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX CBRS-USDT | 208.57 | 0 | get 0.0000% / 8h | 2h 21m | $9K | $6K | 20x |
| Short | Phoenix CBRS | 208.45 | −0.0038 | pay 0.0005% / 1h | 21m 43s | $1K | $112K | 10x |
HTX CBRS-USDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- −$8.07
- Price spread: −0.058% → 0.000%
- −$5.75
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$32.83
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: HTX: no order-book sample; Phoenix: live order book, 59 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 Phoenix live order book, 59 min ago | 10.56 bp | 40.2 bp −$40 | 101.9 bp −$1,019 | 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 | −0.0361% | 4h | 208.57 | +0.001% | $24K | $219K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0092% | 1h | 208.34 | −0.110% | $42.7M | $3.6M | 10x | as long as short |
| Phoenix CBRSshort | −0.0038% | 1h | 208.45 | −0.058% | $1K | $112K | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 208.37 | −0.096% | $65K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 208.50 | −0.034% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.54 | −0.014% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 208.60 | +0.014% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.52 | −0.024% | $2.4M | $2.9M | 20x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 208.60 | +0.013% | $421K | $321K | — | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.75 | +0.086% | $1K | $3.4M | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
Variational Omni 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 | 208.51 | −0.029% | $12K | $52K | 10x | as long as short |
| HTX CBRS-USDTlong | 0.0000% | 8h | 208.57 | long leg | $9K | $6K | 20x | |
| Extended CBRS_24_5-USD | +0.0016% | 1h | 208.56 | −0.005% | $43K | $246K | 10x | as long as short |
| QFEX CBRS-USD | +0.0017% | 1h | 208.47 | −0.048% | $1.1M | $3.2M | 10x | as long as short |
| Binance CBRSUSDT | +0.0019% | 8h | 208.56 | −0.005% | $10.2M | $30.3M | 25x | as long as short |
| Vest CBRS-USD-PERP | +0.0021% | 1h | 208.15 | −0.201% | — | $89K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0021% | 8h | 208.62 | +0.024% | $146K | $70K | 20x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 208.43 | −0.067% | $90K | $932K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.39 | −0.086% | $24K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.54 | −0.014% | $329K | $884K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0072% | 1h | 208.24 | −0.158% | $113K | $113K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.30 | −0.129% | $142K | $96K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.22 | −0.168% | $25K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 208.53 | −0.019% | $856 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 208.52 | −0.022% | $242 | — | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0189% | 8h | 208.54 | −0.014% | $907 | $242K | 10x | as long as short |
Deribit CBRS_USDC-PERPETUAL
Extended CBRS_24_5-USD
QFEX CBRS-USD
Binance CBRSUSDT
Vest CBRS-USD-PERP
BloFin CBRS-USDT
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Coinbase International CBRS-PERP-INTX
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
GRVT CBRS_USDT_Perp