Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.022%
Price spread now: Bybit against Lighter+0.096%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$850.851% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.096%, 7d avg +0.078%
=Together, before fees+0.044%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CBRS | 209.17 | 0.0032 | pay 0.0004% / 1h | 27m 09s | $90K | $890K | 10x |
| Short | Bybit CBRSUSDT | 209.37 | 0 | get 0.0000% / 8h | 1h 27m | $2.0M | $1.9M | 25x |
Lighter CBRS
Bybit CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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
- −$6.72
- Price spread: +0.096% → +0.078%
- $1.73
- Slippage, 4 orders
- −$74.14
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$90.13
- Costs to cover
- 0.851%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 53 min ago; Bybit: 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 Lighter live order book, 53 min ago | 14.38 bp | 14.4 bp −$14 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.10 bp | 18.1 bp −$18 | 118.7 bp −$1,187 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0056% | 1h | 209.10 | −0.033% | $42.8M | $3.6M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0008% | 1h | 208.44 | −0.349% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.09 | −0.039% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDTshort | 0.0000% | 8h | 209.37 | +0.096% | $2.0M | $1.9M | 25x | |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.28 | +0.053% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.40 | +0.110% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.25 | +0.038% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.03 | −0.067% | $1K | $112K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.50 | +0.158% | $832 | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.44 | +0.129% | $9K | $6K | 20x | as long as short |
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0021% | 1h | 209.07 | −0.048% | — | $90K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 209.28 | +0.053% | $1.1M | $3.3M | 10x | as long as short |
| Lighter CBRSlong | +0.0032% | 1h | 209.17 | long leg | $90K | $890K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.37 | +0.096% | $31K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.21 | +0.019% | $349K | $914K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.11 | −0.029% | $143K | $96K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.85 | −0.153% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.33 | +0.076% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.40 | +0.112% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0171% | 8h | 209.33 | +0.076% | $422K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0230% | 8h | 209.50 | +0.158% | $146K | $70K | 20x | as long as short |
| Binance CBRSUSDT | +0.0236% | 8h | 209.37 | +0.095% | $10.3M | $30.3M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0240% | 1h | 209.33 | +0.075% | $43K | $246K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0294% | 4h | 209.34 | +0.082% | $24K | $219K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0396% | 8h | 209.34 | +0.079% | $682 | $233K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1281% | 1h | 209.36 | +0.091% | $12K | $52K | 10x | as long as short |
Vest CBRS-USD-PERP
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
edgeX CBRSUSDC
GRVT CBRS_USDT_Perp
Deribit CBRS_USDC-PERPETUAL