Funding you earn now, next payment 06:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.029%
Price spread now: KuCoin against Phoenix−0.005%93s7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$466as 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−$4964.957% of the position
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.005%, 7d avg +0.031%
=Funding pays, the price is against you. KuCoin is 0.036% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.031%). If the spread goes back, that is −$4 on $10k: about 47 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.294% in total) that is about 21 hours. The two prices were read 93 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 | 205.60 | 0.0039 | pay 0.0005% / 1h | 29m 47s | $1K | $108K | 10x |
| Short | KuCoin CBRSUSDTM | 205.59 | 0.0100 | get 0.0100% / 8h | 1h 29m | $113K | $109K | 20x |
Phoenix CBRS
KuCoin CBRSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $12.86
- Price spread: −0.005% → +0.031%
- −$3.6
- Slippage, 4 orders
- −$476.66
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$486.4
- Costs to cover
- 4.957%
- Break-even
- 271.8 days
Slippage from Phoenix: live order book, 5 min ago; KuCoin: 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, 5 min ago | 10.22 bp | 38.7 bp −$39 | 112.5 bp −$1,125 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 11.19 bp | 182.7 bp −$183 | doesn't fit | 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 | −0.0648% | 8h | 205.88 | +0.136% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0205% | 1h | 205.48 | −0.058% | $42.0M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.73 | +0.062% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.88 | +0.136% | $2.2M | $3.4M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.03 | +0.209% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.85 | +0.122% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 205.40 | −0.097% | — | $106K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.56 | −0.019% | $90K | $893K | 10x | as long as short |
| Phoenix CBRSlong | +0.0039% | 1h | 205.60 | long leg | $1K | $108K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.54 | −0.029% | $50K | $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
Lighter CBRS
Polymarket Perps CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.72 | +0.058% | $335K | $717K | 10x | as long as short |
| Variational Omni CBRS | +0.0067% | 8h | 205.72 | +0.058% | $400K | $102K | — | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 205.72 | +0.058% | $1.1M | $3.0M | 10x | as long as short |
| BloFin CBRS-USDT | +0.0098% | 8h | 205.79 | +0.092% | $147K | $71K | 20x | as long as short |
| KuCoin CBRSUSDTMshort | +0.0100% | 8h | 205.59 | −0.005% | $113K | $109K | 20x | |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.59 | −0.005% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.63 | +0.015% | $813 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.67 | +0.034% | $239 | — | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0128% | 1h | 205.78 | +0.086% | $46K | $391K | 10x | as long as short |
| Binance CBRSUSDT | +0.0129% | 8h | 205.84 | +0.116% | $10.1M | $30.5M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0187% | 8h | 205.82 | +0.107% | $373 | $216K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0336% | 8h | 205.88 | +0.136% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0375% | 8h | 205.90 | +0.146% | $2.9M | $3.0M | 50x | as long as short |
| edgeX CBRSUSDC | +0.0446% | 4h | 205.82 | +0.108% | $23K | $221K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0600% | 1h | 210.27 | +2.271% | $115K | $116K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1649% | 1h | 205.76 | +0.078% | $12K | $5K | 10x | as long as short |
Ondo Perps CBRS-USD.P
Variational Omni CBRS
QFEX CBRS-USD
BloFin CBRS-USDT
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
edgeX CBRSUSDC
Coinbase International CBRS-PERP-INTX
Deribit CBRS_USDC-PERPETUAL