Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.009%

Price spread now: QFEX against HTX−0.077%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 4 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. QFEX is 0.077% cheaper against HTX than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 11 days 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	207.27	0	get 0.0000% / 8h	2h 52m	$9K	$10K	20x
Short	QFEX CBRS-USD	207.11	0.0024	get 0.0003% / 1h	52m 05s	$1.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $5.07
Price spread: −0.077% → 0.000%: −$7.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$24.65
Costs to cover: 0.220%
Break-even: 41.0 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 6 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 QFEX live order book, 6 min ago	2.18 bp	10.1 bp −$10	21.0 bp −$210	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
Bitget CBRSUSDT	−0.0311%	8h	207.37	+0.048%	$2.4M	$2.4M	20x	as long as short
tradeXYZ xyz:CBRS	−0.0240%	1h	207.12	−0.072%	$42.4M	$3.8M	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	207.01	−0.125%	$65K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	207.51	+0.116%	$2.2M	$3.5M	25x	as long as short
Phoenix CBRS	0.0000%	1h	206.47	−0.386%	$1K	$108K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	207.64	+0.179%	$1K	$2.9M	10x	as long as short
HTX CBRS-USDTlong	0.0000%	8h	207.27	long leg	$9K	$10K	20x
Vest CBRS-USD-PERP	+0.0016%	1h	206.96	−0.150%	—	$104K	10x	as long as short
QFEX CBRS-USDshort	+0.0024%	1h	207.11	−0.077%	$1.1M	$3.1M	10x
Polymarket Perps CBRS-USD	+0.0050%	1h	207.12	−0.072%	$51K	$1.1M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CBRS	+0.0070%	8h	207.07	−0.097%	$403K	$92K	—	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	207.00	−0.130%	$116K	$113K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	206.67	−0.289%	$24K	$140K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	207.35	+0.039%	$820	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	207.35	+0.038%	$241	—	10x	as long as short
GRVT CBRS_USDT_Perp	+0.0107%	8h	206.84	−0.207%	$213	$212K	10x	as long as short
BloFin CBRS-USDT	+0.0118%	8h	207.18	−0.043%	$147K	$70K	20x	as long as short
Binance CBRSUSDT	+0.0140%	8h	207.40	+0.063%	$10.1M	$30.0M	25x	as long as short
Extended CBRS_24_5-USD	+0.0144%	1h	207.36	+0.045%	$44K	$390K	10x	as long as short
Bybit CBRSUSDT	+0.0316%	8h	207.41	+0.068%	$2.1M	$2.0M	25x	as long as short
Ondo Perps CBRS-USD.P	+0.0322%	1h	207.09	−0.087%	$337K	$717K	10x	as long as short
Gate CBRS_USDT	+0.0349%	8h	207.60	+0.159%	$2.9M	$3.0M	50x	as long as short
Lighter CBRS	+0.0368%	1h	207.37	+0.048%	$90K	$854K	10x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0464%	1h	210.27	+1.447%	$115K	$116K	10x	as long as short
edgeX CBRSUSDC	+0.0596%	4h	206.91	−0.172%	$23K	$220K	10x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.1779%	1h	207.46	+0.092%	$12K	$5K	10x	as long as short