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−0.0032%/8h= −3.5% APRpaid last 24h −0.027%
Price spread now: SunX against Lighter+0.029%7-day average +0.190% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1411.413% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.029%, 7d avg +0.190%
Together, before fees+0.032%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.161% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.190%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CBRS209.360.0032pay 0.0004% / 1h6m 40s$93K$907K10x
ShortSunX CBRS-USDT209.420get 0.0000% / 8h1h 06m$1K$3.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$6.72
Price spread: +0.029% → +0.190%
−$16.11
Slippage, 4 orders
−$133.32
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$164.15
Costs to cover
1.413%
Break-even
never at this rate
Slippage from Lighter: live order book, 9 min ago; SunX: live order book, 11 min ago.

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, 9 min ago0.48 bp6.7 bp −$79.5 bp −$95doesn't fitdoesn't fit
Sell SunX live order book, 11 min ago29.58 bp82.0 bp −$82doesn't fitdoesn't fitdoesn't fit

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−0.0052%1h209.03−0.158%$42.8M$3.6M10xas long as short
Coinbase International CBRS-PERP-INTX−0.0008%1h208.44−0.439%$114K$114K10xas long as short
Aster CBRSUSDT0.0000%8h209.14−0.105%$66K$147K20xas long as short
Bybit CBRSUSDT0.0000%8h209.30−0.029%$2.0M$1.9M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h209.27−0.043%$2.2M$3.6M25xas long as short
Gate CBRS_USDT0.0000%8h209.30−0.029%$2.9M$3.1M50xas long as short
Bitget CBRSUSDT0.0000%8h209.25−0.053%$2.4M$2.8M20xas long as short
Phoenix CBRS0.0000%1h209.19−0.081%$1K$112K10xas long as short
SunX CBRS-USDTshort0.0000%8h209.42+0.029%$1K$3.3M10x
Deribit CBRS_USDC-PERPETUAL0.0000%1h209.26−0.048%$12K$16K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX CBRS-USDT0.0000%8h209.40+0.019%$9K$6K20xas long as short
Vest CBRS-USD-PERP+0.0019%1h208.99−0.177%$94K10xas long as short
QFEX CBRS-USD+0.0027%1h209.15−0.100%$1.1M$3.4M10xas long as short
Lighter CBRSlong+0.0032%1h209.36long leg$93K$907K10x
Polymarket Perps CBRS-USD+0.0050%1h209.11−0.119%$30K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h209.18−0.086%$346K$914K10xas long as short
KuCoin CBRSUSDTM+0.0100%8h209.11−0.119%$143K$95K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h209.33−0.014%$24K$137K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.19−0.081%$859$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.28−0.037%$24310xas long as short
edgeX CBRSUSDC+0.0141%4h209.26−0.049%$24K$220K10xas long as short
Variational Omni CBRS+0.0297%8h209.25−0.054%$423K$321Kas long as short
BloFin CBRS-USDT+0.0328%8h209.31−0.024%$146K$70K20xas long as short
Binance CBRSUSDT+0.0350%8h209.25−0.053%$10.3M$30.1M25xas long as short
Extended CBRS_24_5-USD+0.0352%1h209.20−0.075%$43K$246K10xas long as short
GRVT CBRS_USDT_Perp+0.0494%8h209.35−0.006%$630$229K10xas long as short