Funding you earn now, next payment 22:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.002%
Price spread now: Orderly against Lighter+0.062%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.062% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CBRS | 208.35 | 0.0032 | pay 0.0004% / 1h | 3m 41s | $90K | $932K | 10x |
| Short | Orderly PERP_CBRS_USDC_mythos | 208.48 | 0.0100 | get 0.0100% / 8h | 2h 03m | $856 | $1K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $14.28
- Price spread: +0.062% → 0.000%
- $6.24
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $14.52
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 17 min ago; Orderly: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 17 min ago | 14.38 bp | 14.4 bp −$14 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0161% | 1h | 208.28 | −0.034% | $42.7M | $3.6M | 10x | as long as short |
| Phoenix CBRS | −0.0038% | 1h | 208.44 | +0.043% | $1K | $112K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 208.39 | +0.020% | $65K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 208.47 | +0.058% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.58 | +0.110% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 208.50 | +0.072% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.50 | +0.072% | $2.4M | $2.8M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.68 | +0.158% | $1K | $3.4M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 208.56 | +0.101% | $12K | $52K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 208.54 | +0.091% | $9K | $6K | 20x | as long as short |
Show all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CBRS-USD | +0.0017% | 1h | 208.48 | +0.062% | $1.1M | $3.3M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 208.20 | −0.072% | — | $90K | 10x | as long as short |
| Variational Omni CBRS | +0.0029% | 8h | 208.45 | +0.048% | $421K | $321K | — | as long as short |
| Lighter CBRSlong | +0.0032% | 1h | 208.35 | long leg | $90K | $932K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.38 | +0.014% | $24K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.48 | +0.062% | $329K | $884K | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0064% | 1h | 208.49 | +0.066% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0069% | 8h | 208.50 | +0.070% | $10.2M | $30.3M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0071% | 8h | 208.42 | +0.034% | $146K | $70K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0072% | 1h | 208.24 | −0.053% | $113K | $113K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.35 | 0.000% | $142K | $97K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.55 | +0.096% | $25K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythosshort | +0.0100% | 8h | 208.48 | +0.062% | $856 | $1K | 10x | |
| Aevo CBRS-PERP | +0.0104% | 1h | 208.54 | +0.091% | $242 | — | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0238% | 8h | 208.49 | +0.066% | $901 | $242K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0978% | 4h | 208.44 | +0.045% | $24K | $220K | 10x | as long as short |
Lighter CBRS
tradeXYZ xyz:CBRS
Phoenix CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Variational Omni CBRS
Polymarket Perps CBRS-USD
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT
Coinbase International CBRS-PERP-INTX
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
GRVT CBRS_USDT_Perp
edgeX CBRSUSDC