Funding you earn now, next payment 02:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.018%
Price spread now: Coinbase International against KuCoin−0.439%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$416as in the Funding arb table
Net, price: spread back to 7d avg − costs−$459as in the Price arb table
costs, in and out, $10k−$4234.230% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)+0.334%+$33 · spread now −0.439%, 7d avg −0.080%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.360% cheaper against KuCoin than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.080%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CBRSUSDTM | 209.36 | 0.0100 | pay 0.0100% / 8h | 5h 30m | $114K | $118K | 20x |
| Short | Coinbase International CBRS-PERP-INTX | 208.44 | −0.0056 | pay 0.0007% / 1h | 30m 13s | $114K | $114K | 10x |
KuCoin CBRSUSDTM
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- −$32.76
- Price spread: −0.439% → −0.080%
- −$35.98
- Slippage, 4 orders
- −$401.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$491.78
- Costs to cover
- 4.230%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 58 min ago; Coinbase International: live order book, 32 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 KuCoin live order book, 58 min ago | 13.15 bp | 189.9 bp −$190 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 32 min ago | 5.02 bp | 11.4 bp −$11 | 18.9 bp −$189 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0587% | 4h | 209.43 | +0.033% | $24K | $220K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | −0.0056% | 1h | 208.44 | −0.439% | $114K | $114K | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 209.44 | +0.040% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.59 | +0.110% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.45 | +0.043% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.44 | +0.038% | $896 | $204K | 10x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.20 | −0.076% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.73 | +0.177% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.64 | +0.134% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 209.10 | −0.124% | — | $94K | 10x | as long as short |
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 209.26 | −0.048% | $90K | $831K | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.32 | −0.019% | $42.9M | $3.5M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.41 | +0.024% | $55K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.35 | −0.005% | $339K | $733K | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 209.42 | +0.029% | $1.1M | $3.4M | 10x | as long as short |
| KuCoin CBRSUSDTMlong | +0.0100% | 8h | 209.36 | long leg | $114K | $118K | 20x | |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.42 | +0.029% | $25K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.49 | +0.062% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.52 | +0.077% | $243 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0137% | 8h | 209.59 | +0.110% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0192% | 8h | 209.60 | +0.115% | $2.9M | $3.0M | 50x | as long as short |
| Variational Omni CBRS | +0.0212% | 8h | 209.49 | +0.063% | $423K | $113K | — | as long as short |
| BloFin CBRS-USDT | +0.0231% | 8h | 209.43 | +0.033% | $148K | $70K | 20x | as long as short |
| Binance CBRSUSDT | +0.0256% | 8h | 209.49 | +0.062% | $10.3M | $29.4M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0256% | 1h | 209.43 | +0.034% | $46K | $263K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0754% | 1h | 209.44 | +0.038% | $12K | $5K | 10x | as long as short |
Lighter CBRS
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Bybit CBRSUSDT
Gate CBRS_USDT
Variational Omni CBRS
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
Deribit CBRS_USDC-PERPETUAL