Funding arb · Price arb / RWA

CBRS

RWAAll CBRS markets →

LONGOKX▾edgeX −0.0512%QFEX −0.0036%Aster 0.0000%Extended 0.0000%Binance 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%Deribit 0.0000%BloFin +0.0009%Vest Markets +0.0046%Ondo Perps +0.0050%ApeX Omni +0.0100%Orderly +0.0100%Aevo +0.0104%Avantis +0.0116%HTX +0.0140%AZverse +0.0205%Lighter +0.0256%Bybit +0.0294%tradeXYZ +0.0304%BingX +0.0323%OKX +0.0334%Polymarket Perps +0.0461%Phoenix +0.0503%

⇄⇅

SHORTTxFlow▾Phoenix +0.0503%Polymarket Perps +0.0461%BingX +0.0323%tradeXYZ +0.0304%Bybit +0.0294%Lighter +0.0256%AZverse +0.0205%HTX +0.0140%Aevo +0.0104%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Avantis −0.0074%Ondo Perps +0.0050%Vest Markets +0.0046%BloFin +0.0009%Aster 0.0000%Extended 0.0000%Binance 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%Deribit 0.0000%QFEX −0.0036%edgeX −0.0512%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OKXCBRS-USDT-SWAP	111.85	+0.0334	pay 0.0334% / 8h	3h 56m	$3.0M	$979K	25x	Long OKX
SHORT	TxFlowCBRS-USDC	111.45	+0.0100	get 0.0013% / 1h	56m 50s	$28K	$109K	20x	Short TxFlow5% off

Price gap−0.358%53s

Funding gap−0.0234% /8h

Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.212% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.154% in total, about +0.0073%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.358%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

OKXTxFlow

CBRS on 30 exchanges

lowest funding first

Before you open

1 ok · 5 to watch

• !
  Watch: Thin at this size21.0 / 11.0 bp

  At $10k entering OKX costs 21.0 bp, fee and slippage, 1.9× TxFlow’s.
• i
  Note: Margin at max leverage$400 + $500

  OKX 25x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long OKX · 8h−$10.03

  Short TxFlow · 1h+$3.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$7.03Long OKX: 3 payments, −$10.03; short TxFlow: 24 payments, +$3.00.
• !
  Watch: Prices read 53 s apart−0.358% vs −0.145%

  Part of this gap may be the market moving.
• !
  Watch: Short leg is thinner$28K vs $3.0M OI

  TxFlow sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legTxFlow points

  Volume here counts toward the points program.
• !
  Watch: KYCOKX Yes · TxFlow No

  Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0073%/8h × 21 periods+$15.43

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$46.05

Fee OKX bp × 2 orders−$10.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$49.61

price spread not counted: prices read too far apart

Costs to cover0.650%Break-even29.5 days

Slippage: OKX: live order book, 5 min ago; TxFlow: live order book, 56 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGOKX1.3421.0 bp−$2141.4 bp−$414doesn’t fitdoesn’t fit

SELL · SHORTTxFlow2.2911.0 bp−$1126.6 bp−$266doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

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CBRS news

posts that mention CBRS, from every exchangeSearch all news →

10-12 17:30	Vest Markets	Other	Cerebras is trading below its $185 IPO price, with $CBRS down around 10% on the session at a new 52-week low. CEO Andrew Feldman and CTO Sean Lie have sold over $240 million of stock since August, under trading plans adopted after the IPO. Up to 19.4 million more $CBRS shares unlock Wednesday, with another tranche due Oct. 28, and the lock-up fully expiring no later than Nov. 9. @VestExchange on X ↗
10-05 17:31	Vest Markets	Other	Cerebras shares are rebounding, with $CBRS up around 8% on the session and Sam Altman calling it a close partner Friday. A report last week said OpenAI's GPT-6.1 Sol Ultrafast mode runs on Nvidia GPUs, and the stock fell around 20% over the week. The two companies signed a $10B deal in January for 750 megawatts of compute through 2028, and Citi kept its 2026-2028 revenue view unchanged. @VestExchange on X ↗
09-30 16:30	Vest Markets	Other	Cerebras is reportedly not serving OpenAI's newest Ultrafast tier, with $CBRS down over 7% on today's session. Neither Cerebras nor OpenAI has confirmed the SemiAnalysis post, while the August Ultrafast mode for GPT-5.6 Sol ran on Cerebras at up to 750 tokens per second. The IPO lockup also released up to 19.4 million shares today, part of about 171 million in early-release tranches, with $CBRS below its $185 IPO price. @VestExchange on X ↗
09-17 10:29	Deribit	Listing	🚨 More equity and commodity perpetuals are now live on Deribit Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL ↓ @DeribitOfficial on X ↗
09-16 15:02	Deribit	Listing	🚨 More To Trade. Tomorrow, September 17, 2026, at 10:00 AM UTC, 11 more equity perpetual markets and 4 commodity perpetuals will go live on Deribit. All settled in USDC. Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Disclaimer: Equity & Commodity perpetuals are offered by Deribit FZE under its Limited Licence Approval from VARA, and are subject to the conditions, client eligibility criteria and restrictions of that approval. @DeribitOfficial on X ↗