Funding you earn now, next payment 03:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.077%
Price spread now: Binance against Phoenix+0.058%55s7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1011.007% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 4 days (all we have)−0.303%−$30 · spread now +0.058%, 7d avg +0.049%
=The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 55 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 | Phoenix CBRS | 209.79 | 0.0038 | pay 0.0005% / 1h | 44m 33s | $1K | $108K | 10x |
| Short | Binance CBRSUSDT | 209.91 | 0.0219 | get 0.0219% / 8h | 4h 44m | $10.3M | $29.4M | 25x |
Phoenix CBRS
Binance CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $37.98
- Price spread: +0.058% → +0.049%
- $0.95
- Slippage, 4 orders
- −$83.74
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$61.81
- Costs to cover
- 1.007%
- Break-even
- 18.4 days
Slippage from Phoenix: live order book, 5 min ago; Binance: live order book, 12 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, 5 min ago | 10.49 bp | 39.0 bp −$39 | 112.7 bp −$1,127 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.48 bp | 10.6 bp −$11 | 31.3 bp −$313 | 149.9 bp −$15.0K | 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 | −0.0347% | 4h | 209.84 | +0.025% | $24K | $221K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.85 | +0.026% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.86 | +0.033% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.90 | +0.052% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.88 | +0.043% | $531 | $205K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.09 | +0.143% | $1K | $3.0M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.83 | +0.019% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.93 | +0.067% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0021% | 1h | 209.52 | −0.129% | — | $94K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.82 | +0.014% | $92K | $838K | 10x | as long as short |
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CBRSlong | +0.0038% | 1h | 209.79 | long leg | $1K | $108K | 10x | |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.66 | −0.062% | $42.9M | $3.5M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.76 | −0.014% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.77 | −0.010% | $340K | $723K | 10x | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 209.85 | +0.029% | $1.1M | $3.1M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.83 | +0.019% | $115K | $115K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.91 | +0.057% | $25K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.81 | +0.010% | $861 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.84 | +0.022% | $243 | — | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0104% | 1h | 210.27 | +0.229% | $115K | $116K | 10x | as long as short |
| Variational Omni CBRS | +0.0177% | 8h | 209.85 | +0.029% | $424K | $103K | — | as long as short |
| BloFin CBRS-USDT | +0.0205% | 8h | 209.91 | +0.057% | $148K | $69K | 20x | as long as short |
| Binance CBRSUSDTshort | +0.0219% | 8h | 209.91 | +0.058% | $10.3M | $29.4M | 25x | |
| Extended CBRS_24_5-USD | +0.0224% | 1h | 209.87 | +0.037% | $45K | $264K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0297% | 8h | 209.99 | +0.095% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0309% | 8h | 210.00 | +0.100% | $2.9M | $2.9M | 50x | as long as short |
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
Aevo CBRS-PERP
Coinbase International CBRS-PERP-INTX
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Bybit CBRSUSDT
Gate CBRS_USDT