Funding you earn now, next payment 08:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.036%
Price spread now: Bitget against Phoenix+0.073%49s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as 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−$1501.497% of the position
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 4 days (all we have)−0.253%−$25 · spread now +0.073%, 7d avg +0.060%
=The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 205.79 | −0.0039 | get 0.0005% / 1h | 14m 44s | $1K | $108K | 10x |
| Short | Bitget CBRSUSDT | 205.94 | −0.0240 | pay 0.0240% / 8h | 7h 14m | $2.4M | $2.6M | 20x |
Phoenix CBRS
Bitget CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$42.24
- Price spread: +0.073% → +0.060%
- $1.26
- Slippage, 4 orders
- −$130.67
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$190.65
- Costs to cover
- 1.497%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 10 min ago; Bitget: live order book, 3 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, 10 min ago | 12.77 bp | 50.4 bp −$50 | 173.2 bp −$1,732 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.67 bp | 25.9 bp −$26 | 30.8 bp −$308 | 85.1 bp −$8,514 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | −0.0769% | 1h | 205.88 | +0.044% | $12K | $5K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | −0.0242% | 8h | 205.26 | −0.257% | $805 | $217K | 10x | as long as short |
| Bitget CBRSUSDTshort | −0.0240% | 8h | 205.94 | +0.073% | $2.4M | $2.6M | 20x | |
| Lighter CBRS | −0.0088% | 1h | 205.86 | +0.034% | $92K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0039% | 1h | 205.76 | −0.015% | $42.1M | $4.0M | 10x | as long as short |
| Phoenix CBRSlong | −0.0039% | 1h | 205.79 | long leg | $1K | $108K | 10x | |
| BloFin CBRS-USDT | −0.0028% | 8h | 205.83 | +0.019% | $148K | $72K | 20x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.81 | +0.009% | $65K | $148K | 20x | as long as short |
| Extended CBRS_24_5-USD | 0.0000% | 1h | 205.87 | +0.038% | $46K | $383K | 10x | as long as short |
| Binance CBRSUSDT | 0.0000% | 8h | 205.92 | +0.062% | $10.2M | $31.9M | 25x | as long as short |
Deribit CBRS_USDC-PERPETUAL
GRVT CBRS_USDT_Perp
Lighter CBRS
tradeXYZ xyz:CBRS
BloFin CBRS-USDT
Aster CBRSUSDT
Extended CBRS_24_5-USD
Binance CBRSUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CBRSUSDT | 0.0000% | 8h | 205.94 | +0.073% | $2.1M | $2.1M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.11 | +0.155% | $2.2M | $3.5M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 206.10 | +0.151% | $2.9M | $3.1M | 50x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 205.90 | +0.051% | $395K | $101K | — | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.18 | +0.190% | $1K | $2.7M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.76 | −0.015% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0017% | 1h | 205.56 | −0.112% | — | $107K | 10x | as long as short |
| QFEX CBRS-USD | +0.0017% | 1h | 205.85 | +0.029% | $1.1M | $3.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0018% | 1h | 205.80 | +0.005% | $333K | $720K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.07 | +0.136% | $51K | $471K | 10x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.81 | +0.010% | $814 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.88 | +0.044% | $113K | $169K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.83 | +0.019% | $24K | $137K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.80 | +0.005% | $239 | — | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0480% | 1h | 210.27 | +2.177% | $115K | $108K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0977% | 4h | 205.75 | −0.017% | $23K | $222K | 10x | as long as short |
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Variational Omni CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USD
Ondo Perps CBRS-USD.P
Polymarket Perps CBRS-USD
Orderly PERP_CBRS_USDC_mythos
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
Coinbase International CBRS-PERP-INTX
edgeX CBRSUSDC