Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.002%
Price spread now: Bybit against Phoenix+0.081%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1261.257% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 4 days (all we have)−0.352%−$35 · spread now +0.081%, 7d avg +0.047%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.035% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 209.08 | 0.0038 | pay 0.0005% / 1h | 23m 14s | $1K | $109K | 10x |
| Short | Bybit CBRSUSDT | 209.25 | 0.0135 | get 0.0135% / 8h | 6h 23m | $2.1M | $1.9M | 25x |
Phoenix CBRS
Bybit CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $20.41
- Price spread: +0.081% → +0.047%
- $3.46
- Slippage, 4 orders
- −$107.7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$101.83
- Costs to cover
- 1.257%
- Break-even
- 41.9 days
Slippage from Phoenix: live order book, 37 min ago; Bybit: live order book, 4 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, 37 min ago | 11.92 bp | 45.3 bp −$45 | 143.8 bp −$1,438 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.34 bp | 17.5 bp −$18 | 132.0 bp −$1,320 | doesn't fit | doesn't fit |
CBRS on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0158% | 1h | 208.94 | −0.067% | $42.8M | $3.5M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0040% | 1h | 208.44 | −0.306% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.41 | +0.160% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.23 | +0.072% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.18 | +0.048% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.21 | +0.062% | $801 | $208K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.35 | +0.129% | $1K | $3.1M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.14 | +0.029% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.28 | +0.096% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.72 | −0.172% | — | $97K | 10x | as long as short |
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
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-PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 209.05 | −0.014% | $90K | $850K | 10x | as long as short |
| QFEX CBRS-USD | +0.0038% | 1h | 209.13 | +0.024% | $1.1M | $3.4M | 10x | as long as short |
| Phoenix CBRSlong | +0.0038% | 1h | 209.08 | long leg | $1K | $109K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.96 | −0.057% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.20 | +0.057% | $339K | $744K | 10x | as long as short |
| Gate CBRS_USDT | +0.0095% | 8h | 209.40 | +0.153% | $2.9M | $3.0M | 50x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.25 | +0.081% | $115K | $120K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.09 | +0.005% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.26 | +0.086% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.20 | +0.060% | $243 | — | 10x | as long as short |
| Bybit CBRSUSDTshort | +0.0135% | 8h | 209.25 | +0.081% | $2.1M | $1.9M | 25x | |
| Variational Omni CBRS | +0.0334% | 8h | 209.21 | +0.060% | $422K | $156K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0360% | 1h | 209.27 | +0.093% | $44K | $271K | 10x | as long as short |
| Binance CBRSUSDT | +0.0363% | 8h | 209.33 | +0.118% | $10.3M | $29.5M | 25x | as long as short |
| edgeX CBRSUSDC | +0.0578% | 4h | 209.08 | +0.001% | $24K | $219K | 10x | as long as short |
Lighter CBRS
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Gate CBRS_USDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Extended CBRS_24_5-USD
Binance CBRSUSDT
edgeX CBRSUSDC