Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.061%
Price spread now: BloFin against Phoenix+0.180%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1261.264% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 4 days (all we have)−0.371%−$37 · spread now +0.180%, 7d avg +0.067%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.113% dearer against Phoenix than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.067%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 205.91 | −0.0039 | get 0.0005% / 1h | 58m 08s | $1K | $108K | 10x |
| Short | BloFin CBRS-USDT | 206.28 | 0.0015 | get 0.0015% / 8h | 6h 58m | $147K | $72K | 20x |
Phoenix CBRS
BloFin CBRS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $11.37
- Price spread: +0.180% → +0.067%
- $11.32
- Slippage, 4 orders
- −$107.4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$103.72
- Costs to cover
- 1.264%
- Break-even
- 70.8 days
Slippage from Phoenix: live order book, 27 min ago; BloFin: live order book, 1 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, 27 min ago | 12.77 bp | 50.4 bp −$50 | 173.2 bp −$1,732 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 1.46 bp | 9.3 bp −$9 | 26.0 bp −$260 | 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 | −0.0303% | 4h | 206.08 | +0.083% | $23K | $222K | 10x | as long as short |
| Bitget CBRSUSDT | −0.0152% | 8h | 206.19 | +0.136% | $2.4M | $2.7M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0102% | 1h | 205.94 | +0.015% | $42.2M | $4.0M | 10x | as long as short |
| Phoenix CBRSlong | −0.0039% | 1h | 205.91 | long leg | $1K | $108K | 10x | |
| Lighter CBRS | 0.0000% | 1h | 205.94 | +0.015% | $90K | $1.1M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.12 | +0.100% | $65K | $148K | 20x | as long as short |
| Extended CBRS_24_5-USD | 0.0000% | 1h | 206.00 | +0.046% | $44K | $387K | 10x | as long as short |
| Binance CBRSUSDT | 0.0000% | 8h | 206.06 | +0.073% | $10.2M | $32.3M | 25x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 206.17 | +0.126% | $2.1M | $2.2M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.14 | +0.112% | $2.2M | $3.5M | 25x | as long as short |
edgeX CBRSUSDC
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Lighter CBRS
Aster CBRSUSDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CBRS | 0.0000% | 8h | 205.99 | +0.037% | $395K | $101K | — | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 206.12 | +0.103% | $649 | $220K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.51 | +0.291% | $1K | $2.7M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.20 | +0.141% | $9K | $10K | 20x | as long as short |
| BloFin CBRS-USDTshort | +0.0015% | 8h | 206.28 | +0.180% | $147K | $72K | 20x | |
| QFEX CBRS-USD | +0.0017% | 1h | 206.07 | +0.078% | $1.1M | $3.0M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 205.92 | +0.005% | — | $107K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.07 | +0.078% | $51K | $471K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 206.08 | +0.083% | $329K | $724K | 10x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.07 | +0.078% | $815 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.12 | +0.102% | $112K | $188K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.86 | −0.024% | $24K | $138K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.14 | +0.111% | $239 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0130% | 8h | 206.30 | +0.189% | $2.9M | $3.1M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0187% | 1h | 206.18 | +0.131% | $12K | $5K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0400% | 1h | 210.27 | +2.117% | $115K | $108K | 10x | as long as short |
Variational Omni CBRS
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
QFEX CBRS-USD
Vest CBRS-USD-PERP
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Orderly PERP_CBRS_USDC_mythos
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL
Coinbase International CBRS-PERP-INTX