Funding you earn now, next payment 05:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.048%
Price spread now: Extended against Phoenix+0.193%88s7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1481.478% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)−0.295%−$29 · spread now +0.193%, 7d avg +0.029%
=Together, before fees−0.113%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.164% dearer against Phoenix than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.029%. The two prices were read 88 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 | 206.02 | 0 | get 0.0000% / 1h | 13m 55s | $1K | $108K | 10x |
| Short | Extended CBRS_24_5-USD | 206.42 | 0.0128 | get 0.0016% / 1h | 13m 55s | $44K | $389K | 10x |
Phoenix CBRS
Extended CBRS_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $26.88
- Price spread: +0.193% → +0.029%
- $16.36
- Slippage, 4 orders
- −$135.84
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$104.6
- Costs to cover
- 1.478%
- Break-even
- 34.2 days
Slippage from Phoenix: live order book, 26 min ago; Extended: live order book, 34 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, 26 min ago | 14.10 bp | 56.7 bp −$57 | 210.5 bp −$2,105 | doesn't fit | doesn't fit |
| Sell Extended live order book, 34 min ago | 2.17 bp | 16.0 bp −$16 | 243.6 bp −$2,436 | 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 | −0.0910% | 4h | 206.06 | +0.019% | $23K | $221K | 10x | as long as short |
| Bitget CBRSUSDT | −0.0682% | 8h | 206.44 | +0.204% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0171% | 1h | 206.06 | +0.019% | $42.1M | $3.9M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.24 | +0.108% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.50 | +0.233% | $2.2M | $3.5M | 25x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 206.02 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 206.49 | +0.228% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.19 | +0.083% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0015% | 1h | 205.77 | −0.121% | — | $107K | 10x | as long as short |
| QFEX CBRS-USD | +0.0024% | 1h | 206.18 | +0.078% | $1.1M | $3.1M | 10x | as long as short |
edgeX CBRSUSDC
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 206.07 | +0.024% | $90K | $887K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.12 | +0.049% | $51K | $1.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0077% | 8h | 205.97 | −0.024% | $401K | $82K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.18 | +0.078% | $114K | $111K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.02 | 0.000% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.18 | +0.078% | $815 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.20 | +0.086% | $239 | — | 10x | as long as short |
| Extended CBRS_24_5-USDshort | +0.0128% | 1h | 206.42 | +0.193% | $44K | $389K | 10x | |
| Binance CBRSUSDT | +0.0131% | 8h | 206.44 | +0.203% | $10.1M | $30.4M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0135% | 8h | 205.94 | −0.039% | $146K | $70K | 20x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0163% | 1h | 206.06 | +0.019% | $335K | $716K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0184% | 8h | 206.21 | +0.092% | $600 | $213K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0302% | 8h | 206.40 | +0.184% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0339% | 8h | 206.50 | +0.233% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0464% | 1h | 210.27 | +2.063% | $115K | $116K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1449% | 1h | 206.38 | +0.175% | $12K | $5K | 10x | as long as short |
Lighter CBRS
Polymarket Perps CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
BloFin CBRS-USDT
Ondo Perps CBRS-USD.P
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
Deribit CBRS_USDC-PERPETUAL