Funding you earn now, next payment 21:00 UTC−0.0138%/8h= −15.2% APRpaid last 24h −0.030%
Price spread now: Phoenix against Orderly−0.024%7-day average — · you buy dearer than you sell
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—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.024% cheaper against Orderly than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_CBRS_USDC_mythos | 208.44 | 0.0100 | pay 0.0100% / 8h | 2h 09m | $856 | $1K | 10x |
| Short | Phoenix CBRS | 208.39 | −0.0038 | pay 0.0005% / 1h | 9m 21s | $1K | $112K | 10x |
Orderly PERP_CBRS_USDC_mythos
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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
- −$29.07
- Price spread: −0.024% → 0.000%
- −$2.4
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$44.47
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 5 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 5 min ago | 10.56 bp | 40.4 bp −$40 | 102.7 bp −$1,027 | doesn't fit | doesn't fit |
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 | −0.0143% | 1h | 208.21 | −0.110% | $42.7M | $3.6M | 10x | as long as short |
| Phoenix CBRSshort | −0.0038% | 1h | 208.39 | −0.024% | $1K | $112K | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 208.33 | −0.054% | $65K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 208.43 | −0.005% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.48 | +0.019% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 208.40 | −0.019% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.43 | −0.005% | $2.4M | $2.8M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.61 | +0.082% | $1K | $3.4M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 208.47 | +0.014% | $12K | $52K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 208.48 | +0.019% | $9K | $6K | 20x | as long as short |
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CBRS | +0.0011% | 8h | 208.45 | +0.005% | $421K | $321K | — | as long as short |
| QFEX CBRS-USD | +0.0017% | 1h | 208.45 | +0.005% | $1.1M | $3.2M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 208.19 | −0.120% | — | $90K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 208.31 | −0.062% | $90K | $932K | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0048% | 1h | 208.40 | −0.018% | $43K | $246K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.32 | −0.058% | $24K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.41 | −0.014% | $329K | $884K | 10x | as long as short |
| Binance CBRSUSDT | +0.0051% | 8h | 208.42 | −0.010% | $10.2M | $30.3M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0059% | 8h | 208.43 | −0.005% | $146K | $70K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0072% | 1h | 208.24 | −0.096% | $113K | $113K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.30 | −0.067% | $142K | $97K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.54 | +0.048% | $25K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythoslong | +0.0100% | 8h | 208.44 | long leg | $856 | $1K | 10x | |
| Aevo CBRS-PERP | +0.0104% | 1h | 208.48 | +0.021% | $242 | — | 10x | as long as short |
| edgeX CBRSUSDC | +0.0212% | 4h | 208.45 | +0.004% | $24K | $219K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0236% | 8h | 208.49 | +0.025% | $901 | $242K | 10x | as long as short |
Variational Omni CBRS
QFEX CBRS-USD
Vest CBRS-USD-PERP
Lighter CBRS
Extended CBRS_24_5-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Binance CBRSUSDT
BloFin CBRS-USDT
Coinbase International CBRS-PERP-INTX
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
edgeX CBRSUSDC
GRVT CBRS_USDT_Perp