Funding you earn now, next payment 03:00 UTC+0.0379%/8h= +41.5% APRnext payment +$0.47 per $10,000 · paid last 24h +0.095%
Price spread now: Deribit against Phoenix+0.081%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Deribit is 0.081% dearer against Phoenix than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 | 41m 34s | $1K | $108K | 10x |
| Short | Deribit CBRS_USDC-PERPETUAL | 209.96 | 0.0417 | get 0.0052% / 1h | 41m 34s | $12K | $5K | 10x |
Phoenix CBRS
Deribit CBRS_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $79.62
- Price spread: +0.081% → 0.000%
- $8.1
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $73.72
- Costs to cover
- 0.140%
- Break-even
- 0.5 days
Slippage unknown: Phoenix: live order book, 8 min ago; Deribit: no order-book sample. Net counts fees only.
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, 8 min ago | 10.49 bp | 39.0 bp −$39 | 112.7 bp −$1,127 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 209.91 | +0.056% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.07 | +0.133% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.98 | +0.091% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.89 | +0.048% | $388 | $205K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.09 | +0.143% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.03 | +0.114% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.63 | −0.076% | — | $94K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.85 | +0.029% | $90K | $841K | 10x | as long as short |
| Phoenix CBRSlong | +0.0038% | 1h | 209.79 | long leg | $1K | $108K | 10x | |
| edgeX CBRSUSDC | +0.0042% | 4h | 209.94 | +0.070% | $24K | $219K | 10x | as long as short |
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
edgeX CBRSUSDCShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.75 | −0.019% | $42.9M | $3.5M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.83 | +0.019% | $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 | 209.93 | +0.067% | $1.1M | $3.1M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.87 | +0.038% | $115K | $115K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.88 | +0.043% | $25K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.94 | +0.072% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.96 | +0.080% | $244 | — | 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 | +0.0201% | 8h | 210.06 | +0.129% | $149K | $69K | 20x | as long as short |
| Binance CBRSUSDT | +0.0214% | 8h | 209.99 | +0.095% | $10.3M | $29.4M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0216% | 1h | 209.93 | +0.069% | $45K | $260K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0305% | 8h | 210.15 | +0.172% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0317% | 8h | 210.20 | +0.195% | $2.9M | $2.9M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUALshort | +0.0417% | 1h | 209.96 | +0.081% | $12K | $5K | 10x |
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
Binance CBRSUSDT
Extended CBRS_24_5-USD
Bybit CBRSUSDT
Gate CBRS_USDT