Funding you earn now, next payment 05:00 UTC+0.0464%/8h= +50.8% APRnext payment +$0.58 per $10,000 · paid last 24h +0.051%
Price spread now: Coinbase International against Phoenix+1.840%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs+$89as in the Price arb table
costs, in and out, $10k−$980.982% of the position
Funding, last 7 days+0.371%+$37 on $10k
+Price spread, last 4 days (all we have)−1.960%−$196 · spread now +1.840%, 7d avg −0.035%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Coinbase International is 1.875% dearer against Phoenix than usual: you sell high and buy low: +$188 more if the spread goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 206.47 | 0 | get 0.0000% / 1h | 52m 24s | $1K | $108K | 10x |
| Short | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0464 | get 0.0058% / 1h | 52m 24s | $115K | $116K | 10x |
Phoenix CBRS
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $97.44
- Price spread: +1.840% → −0.035%
- $187.53
- Slippage, 4 orders
- −$81.24
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $186.73
- Costs to cover
- 0.982%
- Break-even
- from the start
Slippage from Phoenix: live order book, 52 min ago; Coinbase International: live order book, 60 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, 52 min ago | 10.55 bp | 38.8 bp −$39 | 112.5 bp −$1,125 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 60 min ago | 3.58 bp | 10.2 bp −$10 | 19.3 bp −$193 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0311% | 8h | 207.37 | +0.436% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0246% | 1h | 207.07 | +0.291% | $42.3M | $3.8M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 207.01 | +0.262% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.45 | +0.475% | $2.2M | $3.5M | 25x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 206.47 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 207.20 | +0.354% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.97 | +0.242% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 206.96 | +0.237% | — | $104K | 10x | as long as short |
| QFEX CBRS-USD | +0.0024% | 1h | 207.11 | +0.310% | $1.1M | $3.1M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 207.12 | +0.315% | $51K | $1.1M | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USD
Polymarket Perps CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CBRS | +0.0070% | 8h | 207.07 | +0.290% | $403K | $92K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 207.00 | +0.257% | $116K | $113K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.67 | +0.097% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 207.35 | +0.426% | $820 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 207.35 | +0.425% | $241 | — | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0107% | 8h | 206.84 | +0.179% | $213 | $212K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0118% | 8h | 207.18 | +0.344% | $147K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0136% | 1h | 207.38 | +0.443% | $44K | $390K | 10x | as long as short |
| Binance CBRSUSDT | +0.0140% | 8h | 207.42 | +0.460% | $10.1M | $30.0M | 25x | as long as short |
| Bybit CBRSUSDT | +0.0316% | 8h | 207.38 | +0.441% | $2.1M | $2.0M | 25x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0322% | 1h | 207.09 | +0.300% | $337K | $717K | 10x | as long as short |
| Gate CBRS_USDT | +0.0349% | 8h | 207.50 | +0.499% | $2.9M | $3.0M | 50x | as long as short |
| Lighter CBRS | +0.0368% | 1h | 207.37 | +0.436% | $90K | $854K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | +0.0464% | 1h | 210.27 | +1.840% | $115K | $116K | 10x | |
| edgeX CBRSUSDC | +0.0596% | 4h | 206.91 | +0.215% | $23K | $220K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.2559% | 1h | 207.05 | +0.281% | $12K | $5K | 10x | as long as short |
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
GRVT CBRS_USDT_Perp
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
Bybit CBRSUSDT
Ondo Perps CBRS-USD.P
Gate CBRS_USDT
Lighter CBRS
edgeX CBRSUSDC
Deribit CBRS_USDC-PERPETUAL