Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.037%
Price spread now: Ondo Perps against Lighter−0.081%7-day average +0.061% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.070%+$7 on $10k
Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.081%, 7d avg +0.061%
Together, before fees+0.181%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.142% cheaper against Lighter than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of +0.061%). If the spread goes back, that is −$14 on $10k: about 26 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CBRS209.350.0032pay 0.0004% / 1h7m 17s$93K$907K10x
ShortOndo Perps CBRS-USD.P209.180.0050get 0.0006% / 1h7m 17s$346K$914K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter. 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

Funding earned
$3.86
Price spread: −0.081% → +0.061%
−$14.2
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$15.33
Costs to cover
0.050%
Break-even
34.8 days
Slippage unknown: Lighter: live order book, 8 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 8 min ago0.48 bp6.7 bp −$79.5 bp −$95doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CBRS−0.0050%1h209.03−0.153%$42.8M$3.6M10xas long as short
Coinbase International CBRS-PERP-INTX−0.0008%1h208.44−0.435%$114K$114K10xas long as short
Aster CBRSUSDT0.0000%8h209.13−0.105%$66K$147K20xas long as short
Bybit CBRSUSDT0.0000%8h209.32−0.014%$2.0M$1.9M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h209.24−0.053%$2.2M$3.6M25xas long as short
Gate CBRS_USDT0.0000%8h209.30−0.024%$2.9M$3.1M50xas long as short
Bitget CBRSUSDT0.0000%8h209.20−0.072%$2.4M$2.8M20xas long as short
Phoenix CBRS0.0000%1h209.19−0.076%$1K$112K10xas long as short
SunX CBRS-USDT0.0000%8h209.42+0.033%$1K$3.3M10xas long as short
Deribit CBRS_USDC-PERPETUAL0.0000%1h209.26−0.043%$12K$16K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX CBRS-USDT0.0000%8h209.40+0.024%$9K$6K20xas long as short
Vest CBRS-USD-PERP+0.0019%1h208.99−0.172%$94K10xas long as short
QFEX CBRS-USD+0.0027%1h209.15−0.096%$1.1M$3.4M10xas long as short
Lighter CBRSlong+0.0032%1h209.35long leg$93K$907K10x
Polymarket Perps CBRS-USD+0.0050%1h209.11−0.115%$30K$1.1M10xas long as short
Ondo Perps CBRS-USD.Pshort+0.0050%1h209.18−0.081%$346K$914K10x
KuCoin CBRSUSDTM+0.0100%8h209.11−0.115%$143K$95K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h209.33−0.010%$24K$137K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.19−0.076%$859$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.28−0.032%$24310xas long as short
edgeX CBRSUSDC+0.0141%4h209.26−0.044%$24K$220K10xas long as short
Variational Omni CBRS+0.0297%8h209.25−0.049%$423K$321Kas long as short
BloFin CBRS-USDT+0.0328%8h209.31−0.019%$146K$70K20xas long as short
Binance CBRSUSDT+0.0348%8h209.18−0.081%$10.3M$30.1M25xas long as short
Extended CBRS_24_5-USD+0.0352%1h209.14−0.102%$43K$246K10xas long as short
GRVT CBRS_USDT_Perp+0.0494%8h209.35−0.001%$630$229K10xas long as short