Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.038%
Price spread now: ApeX Omni against Phoenix−0.072%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1571.571% of the position
Funding, last 7 days+0.261%+$26 on $10k
+Price spread, last 3 days (all we have)−0.062%−$6 · spread now −0.072%, 7d avg +0.023%
=Funding pays, the price is against you. ApeX Omni is 0.094% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.023%). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 209.06 | 0 | get 0.0000% / 1h | 13m 48s | $1K | $112K | 10x |
| Short | ApeX Omni CBRSUSDT | 208.91 | 0.0100 | get 0.0013% / 1h | 13m 48s | $24K | $137K | 50x |
Phoenix CBRS
ApeX Omni CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- $21
- Price spread: −0.072% → +0.023%
- −$9.43
- Slippage, 4 orders
- −$140.15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$145.58
- Costs to cover
- 1.571%
- Break-even
- 55.5 days
Slippage from Phoenix: live order book, 61 min ago; ApeX Omni: live order book, 2 min ago.
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 Phoenix live order book, 61 min ago | 10.56 bp | 38.9 bp −$39 | 113.2 bp −$1,132 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 2 min ago | 24.84 bp | 42.0 bp −$42 | 221.1 bp −$2,211 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0063% | 4h | 209.23 | +0.079% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0018% | 1h | 209.08 | +0.010% | $42.8M | $3.6M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0008% | 1h | 208.44 | −0.297% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.18 | +0.057% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.30 | +0.115% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.35 | +0.139% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.40 | +0.163% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.30 | +0.115% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 209.06 | long leg | $1K | $112K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.42 | +0.172% | $1K | $3.3M | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
SunX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CBRS-USDT | 0.0000% | 8h | 209.32 | +0.124% | $9K | $6K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 209.05 | −0.005% | — | $94K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 209.26 | +0.096% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.38 | +0.153% | $93K | $907K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.18 | +0.057% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.23 | +0.081% | $346K | $909K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0085% | 1h | 209.29 | +0.110% | $12K | $16K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.12 | +0.029% | $143K | $95K | 20x | as long as short |
| ApeX Omni CBRSUSDTshort | +0.0100% | 1h | 208.91 | −0.072% | $24K | $137K | 50x | |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.26 | +0.096% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.17 | +0.054% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0282% | 8h | 209.19 | +0.064% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0310% | 8h | 209.25 | +0.091% | $146K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0320% | 1h | 209.26 | +0.094% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0322% | 8h | 209.30 | +0.115% | $10.3M | $30.1M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0481% | 8h | 209.28 | +0.105% | $636 | $233K | 10x | as long as short |
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Deribit CBRS_USDC-PERPETUAL
KuCoin CBRSUSDTM
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp