Funding you earn now, next payment 02:00 UTC+0.0968%/8h= +106.0% APRpaid last 24h −0.123%
Price spread now: edgeX against Phoenix+0.094%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1191.194% of the position
Funding, last 7 days−0.270%−$27 on $10k
+Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.094%, 7d avg +0.048%
=Together, before fees−0.600%+ Points / potential airdropedgeX: Active · farm board−$60 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and edgeX is 0.046% dearer against Phoenix than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.270%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.270% in total (about -14.1% 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 | 209.92 | 0 | get 0.0000% / 1h | 12m 24s | $1K | $108K | 10x |
| Short | edgeX CBRSUSDC | 210.12 | 0.0968 | get 0.0484% / 4h | 1h 12m | $24K | $221K | 10x |
Phoenix CBRS
edgeX CBRSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $203.21
- Price spread: +0.094% → +0.048%
- $4.59
- Slippage, 4 orders
- −$103.39
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $88.41
- Costs to cover
- 1.194%
- Break-even
- 4.0 days
Slippage from Phoenix: live order book, 43 min ago; edgeX: live order book, 50 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, 43 min ago | 12.43 bp | 48.5 bp −$48 | 162.0 bp −$1,620 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 50 min ago | 5.50 bp | 10.3 bp −$10 | 15.5 bp −$155 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | −0.0056% | 1h | 208.44 | −0.705% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 210.11 | +0.090% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.13 | +0.100% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 210.08 | +0.076% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 210.10 | +0.086% | $366 | $205K | 10x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 209.92 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 210.31 | +0.186% | $827 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.17 | +0.119% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.51 | −0.195% | — | $94K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.90 | −0.010% | $90K | $831K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.88 | −0.019% | $43.0M | $3.5M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 210.00 | +0.038% | $55K | $1.1M | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 210.00 | +0.038% | $1.1M | $3.3M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0086% | 1h | 210.16 | +0.114% | $340K | $734K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.88 | −0.019% | $114K | $116K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.68 | −0.114% | $25K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 210.07 | +0.071% | $863 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 210.10 | +0.086% | $244 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0216% | 8h | 210.13 | +0.102% | $424K | $110K | — | as long as short |
| Bybit CBRSUSDT | +0.0232% | 8h | 210.18 | +0.124% | $2.1M | $1.9M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0254% | 8h | 210.22 | +0.143% | $105K | $69K | 20x | as long as short |
| Gate CBRS_USDT | +0.0261% | 8h | 210.20 | +0.133% | $2.9M | $3.0M | 50x | as long as short |
| Binance CBRSUSDT | +0.0277% | 8h | 210.08 | +0.074% | $10.3M | $29.4M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0280% | 1h | 210.01 | +0.044% | $44K | $262K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0512% | 1h | 210.07 | +0.071% | $12K | $5K | 10x | as long as short |
| edgeX CBRSUSDCshort | +0.0968% | 4h | 210.12 | +0.094% | $24K | $221K | 10x |
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
QFEX CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Bybit CBRSUSDT
BloFin CBRS-USDT
Gate CBRS_USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
Deribit CBRS_USDC-PERPETUAL