Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Aster against Phoenix−0.023%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1481.480% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.023%, 7d avg +0.048%
=Together, before fees−0.090%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.071% cheaper against Phoenix than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 209.09 | 0 | get 0.0000% / 1h | 38m 58s | $1K | $108K | 10x |
| Short | Aster CBRSUSDT | 209.04 | 0 | get 0.0000% / 8h | 5h 38m | $66K | $147K | 20x |
Phoenix CBRS
Aster CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- $0
- Price spread: −0.023% → +0.048%
- −$7.08
- Slippage, 4 orders
- −$133.04
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$155.12
- Costs to cover
- 1.480%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 16 min ago; Aster: live order book, 22 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, 16 min ago | 12.43 bp | 48.5 bp −$48 | 162.0 bp −$1,620 | doesn't fit | doesn't fit |
| Sell Aster live order book, 22 min ago | 5.26 bp | 25.5 bp −$26 | 725.2 bp −$7,252 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | −0.0056% | 1h | 208.44 | −0.311% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDTshort | 0.0000% | 8h | 209.04 | −0.023% | $66K | $147K | 20x | |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.33 | +0.115% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.23 | +0.067% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.27 | +0.086% | $517 | $203K | 10x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 209.09 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.42 | +0.158% | $1K | $3.0M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.18 | +0.043% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.22 | +0.062% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.72 | −0.177% | — | $94K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 209.15 | +0.029% | $91K | $827K | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 208.95 | −0.067% | $42.8M | $3.5M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.07 | −0.010% | $55K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.10 | +0.005% | $340K | $734K | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 209.12 | +0.014% | $1.1M | $3.4M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.07 | −0.010% | $114K | $118K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.20 | +0.053% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.20 | +0.053% | $859 | $1K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0103% | 8h | 209.27 | +0.086% | $2.1M | $1.9M | 25x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.20 | +0.051% | $243 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0159% | 8h | 209.40 | +0.148% | $2.9M | $3.0M | 50x | as long as short |
| Variational Omni CBRS | +0.0231% | 8h | 209.13 | +0.021% | $423K | $115K | — | as long as short |
| BloFin CBRS-USDT | +0.0241% | 8h | 209.20 | +0.053% | $148K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0264% | 1h | 209.05 | −0.018% | $46K | $263K | 10x | as long as short |
| Binance CBRSUSDT | +0.0264% | 8h | 209.14 | +0.025% | $10.3M | $29.4M | 25x | as long as short |
| edgeX CBRSUSDC | +0.0893% | 4h | 209.14 | +0.024% | $24K | $219K | 10x | as long as short |
Lighter CBRS
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Bybit CBRSUSDT
Aevo CBRS-PERP
Gate CBRS_USDT
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
edgeX CBRSUSDC