Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.066%
Price spread now: Phoenix against Ondo Perps−0.105%48s7-day average −0.032% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 3 days (all we have)+0.219%+$22 · spread now −0.105%, 7d avg −0.032%
=Together, before fees+0.030%+ Points / potential airdropOndo Perps: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.074% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps CBRS-USD.P | 209.28 | 0.0050 | pay 0.0006% / 1h | 16m 23s | $346K | $908K | 10x |
| Short | Phoenix CBRS | 209.06 | 0 | get 0.0000% / 1h | 16m 23s | $1K | $112K | 10x |
Ondo Perps CBRS-USD.P
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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
- −$10.58
- Price spread: −0.105% → −0.032%
- −$7.36
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$29.94
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 58 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 58 min ago | 10.56 bp | 40.4 bp −$40 | 102.7 bp −$1,027 | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | −0.0008% | 1h | 208.44 | −0.401% | $114K | $114K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0004% | 1h | 209.08 | −0.096% | $42.8M | $3.6M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.14 | −0.066% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.28 | 0.000% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.20 | −0.038% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.30 | +0.010% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.20 | −0.038% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRSshort | 0.0000% | 1h | 209.06 | −0.105% | $1K | $112K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.42 | +0.067% | $1K | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.32 | +0.019% | $9K | $6K | 20x | as long as short |
Coinbase International CBRS-PERP-INTX
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
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 | 209.08 | −0.096% | — | $94K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 209.16 | −0.057% | $1.1M | $3.3M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.32 | +0.019% | $93K | $907K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.12 | −0.076% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.Plong | +0.0050% | 1h | 209.28 | long leg | $346K | $908K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.0085% | 1h | 209.23 | −0.024% | $12K | $16K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.11 | −0.081% | $143K | $96K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.90 | −0.182% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.13 | −0.072% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.19 | −0.043% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0249% | 8h | 209.41 | +0.062% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0294% | 8h | 209.44 | +0.076% | $146K | $70K | 20x | as long as short |
| Binance CBRSUSDT | +0.0317% | 8h | 209.18 | −0.048% | $10.3M | $30.1M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0320% | 1h | 209.10 | −0.087% | $43K | $246K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0472% | 8h | 209.36 | +0.038% | $636 | $233K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0526% | 4h | 209.41 | +0.062% | $24K | $220K | 10x | as long as short |
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
Polymarket Perps CBRS-USD
Deribit CBRS_USDC-PERPETUAL
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
GRVT CBRS_USDT_Perp
edgeX CBRSUSDC