Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: OKX against Phoenix+0.134%106s7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as 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−$1171.170% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 3 days (all we have)−0.253%−$25 · spread now +0.134%, 7d avg +0.032%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.102% dearer against Phoenix than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.032%. The two prices were read 106 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 | 209.06 | 0 | get 0.0000% / 1h | 13m 37s | $1K | $112K | 10x |
| Short | OKX CBRS-USDT-SWAP | 209.34 | 0 | get 0.0000% / 8h | 1h 13m | $2.2M | $3.6M | 25x |
Phoenix CBRS
OKX CBRS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: +0.134% → +0.032%
- $10.18
- Slippage, 4 orders
- −$100.05
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$106.87
- Costs to cover
- 1.170%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 61 min ago; OKX: 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, 61 min ago | 10.56 bp | 38.9 bp −$39 | 113.2 bp −$1,132 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.24 bp | 15.3 bp −$15 | 58.9 bp −$589 | 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 | −0.0063% | 4h | 209.23 | +0.079% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0018% | 1h | 209.08 | +0.010% | $42.8M | $3.6M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0008% | 1h | 208.44 | −0.297% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.18 | +0.056% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.30 | +0.115% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAPshort | 0.0000% | 8h | 209.34 | +0.134% | $2.2M | $3.6M | 25x | |
| Gate CBRS_USDT | 0.0000% | 8h | 209.40 | +0.163% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.31 | +0.120% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 209.06 | long leg | $1K | $112K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.42 | +0.172% | $1K | $3.3M | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
Bybit CBRSUSDT
Gate CBRS_USDT
Bitget CBRSUSDT
SunX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CBRS-USDT | 0.0000% | 8h | 209.32 | +0.124% | $9K | $6K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 209.05 | −0.005% | — | $94K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 209.26 | +0.096% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.38 | +0.153% | $93K | $907K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.18 | +0.057% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.16 | +0.048% | $346K | $908K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0085% | 1h | 209.29 | +0.110% | $12K | $16K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.12 | +0.029% | $143K | $95K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.91 | −0.072% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.26 | +0.096% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.17 | +0.054% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0282% | 8h | 209.19 | +0.064% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0310% | 8h | 209.25 | +0.091% | $146K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0320% | 1h | 209.27 | +0.101% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0328% | 8h | 209.32 | +0.122% | $10.3M | $30.1M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0481% | 8h | 209.28 | +0.105% | $636 | $233K | 10x | as long as short |
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Deribit CBRS_USDC-PERPETUAL
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp