Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.032%
Price spread now: Phoenix against KuCoin+0.043%78s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$499as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4694.695% of the position
Funding, last 7 days−0.299%−$30 on $10k
+Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.043%, 7d avg −0.033%
=The price spread pays, funding is against you. Phoenix is 0.076% dearer against KuCoin than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.033%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. The two prices were read 78 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 | KuCoin CBRSUSDTM | 209.11 | 0.0100 | pay 0.0100% / 8h | 1h 04m | $143K | $95K | 20x |
| Short | Phoenix CBRS | 209.20 | 0 | get 0.0000% / 1h | 4m 08s | $1K | $112K | 10x |
KuCoin CBRSUSDTM
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$21
- Price spread: +0.043% → −0.033%
- $7.64
- Slippage, 4 orders
- −$450.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$482.85
- Costs to cover
- 4.695%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 60 min ago; Phoenix: live order book, 5 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, 60 min ago | 15.59 bp | 203.2 bp −$203 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 5 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0821% | 4h | 209.21 | +0.048% | $24K | $220K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0058% | 1h | 209.08 | −0.014% | $42.8M | $3.6M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0008% | 1h | 208.44 | −0.320% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.13 | +0.010% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.38 | +0.129% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.40 | +0.139% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.40 | +0.139% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.34 | +0.110% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRSshort | 0.0000% | 1h | 209.20 | +0.043% | $1K | $112K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.55 | +0.210% | $1K | $3.3M | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
SunX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CBRS-USDT | 0.0000% | 8h | 209.38 | +0.129% | $9K | $6K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 209.05 | −0.029% | — | $94K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 209.28 | +0.081% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.38 | +0.129% | $93K | $907K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.17 | +0.029% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.24 | +0.062% | $346K | $915K | 10x | as long as short |
| KuCoin CBRSUSDTMlong | +0.0100% | 8h | 209.11 | long leg | $143K | $95K | 20x | |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.33 | +0.105% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.24 | +0.062% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.33 | +0.105% | $243 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0276% | 1h | 209.30 | +0.091% | $12K | $16K | 10x | as long as short |
| Variational Omni CBRS | +0.0313% | 8h | 209.23 | +0.056% | $423K | $321K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0352% | 1h | 209.30 | +0.089% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0355% | 8h | 209.34 | +0.111% | $10.3M | $30.1M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0361% | 8h | 209.36 | +0.120% | $146K | $70K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0494% | 8h | 209.35 | +0.114% | $630 | $229K | 10x | as long as short |
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Deribit CBRS_USDC-PERPETUAL
Variational Omni CBRS
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp