Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.009%
Price spread now: QFEX against Phoenix+0.053%52s7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1221.220% of the position
Funding, last 4 days (all we have)+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.053%, 7d avg +0.085%
=Funding pays, the price is against you. QFEX is 0.032% cheaper against Phoenix than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.085%). If the spread goes back, that is −$3 on $10k: about 45 hours of funding at the current rate (+$2 a day). The two prices were read 52 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 | 205.91 | −0.0039 | get 0.0005% / 1h | 0m 12s | $1K | $108K | 10x |
| Short | QFEX CBRS-USD | 206.02 | 0.0017 | get 0.0002% / 1h | 0m 12s | $1.1M | $3.0M | 10x |
Phoenix CBRS
QFEX CBRS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $11.75
- Price spread: +0.053% → +0.085%
- −$3.18
- Slippage, 4 orders
- −$105.03
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$113.45
- Costs to cover
- 1.220%
- Break-even
- 74.6 days
Slippage from Phoenix: live order book, 25 min ago; QFEX: live order book, 3 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, 25 min ago | 12.77 bp | 50.4 bp −$50 | 173.2 bp −$1,732 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 1.70 bp | 8.9 bp −$9 | 20.2 bp −$202 | 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 | −0.0164% | 8h | 206.20 | +0.141% | $2.4M | $2.7M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0093% | 1h | 206.00 | +0.044% | $42.2M | $4.0M | 10x | as long as short |
| Phoenix CBRSlong | −0.0039% | 1h | 205.91 | long leg | $1K | $108K | 10x | |
| Lighter CBRS | −0.0024% | 1h | 206.07 | +0.078% | $90K | $1.1M | 10x | as long as short |
| BloFin CBRS-USDT | −0.0021% | 8h | 206.14 | +0.112% | $147K | $72K | 20x | as long as short |
| edgeX CBRSUSDC | −0.0018% | 4h | 206.19 | +0.138% | $23K | $222K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.27 | +0.173% | $65K | $148K | 20x | as long as short |
| Extended CBRS_24_5-USD | 0.0000% | 1h | 206.11 | +0.095% | $44K | $387K | 10x | as long as short |
| Binance CBRSUSDT | 0.0000% | 8h | 206.18 | +0.131% | $10.2M | $32.2M | 25x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 206.26 | +0.170% | $2.1M | $2.2M | 25x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Lighter CBRS
BloFin CBRS-USDT
edgeX CBRSUSDC
Aster CBRSUSDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
Bybit CBRSUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.34 | +0.209% | $2.2M | $3.5M | 25x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 205.99 | +0.037% | $395K | $101K | — | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 206.19 | +0.134% | $612 | $219K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.39 | +0.233% | $1K | $2.7M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 206.14 | +0.112% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.22 | +0.151% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 205.92 | +0.005% | — | $107K | 10x | as long as short |
| QFEX CBRS-USDshort | +0.0017% | 1h | 206.02 | +0.053% | $1.1M | $3.0M | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.00 | +0.044% | $51K | $471K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.99 | +0.039% | $329K | $723K | 10x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.21 | +0.146% | $816 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.05 | +0.068% | $112K | $185K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.77 | −0.068% | $24K | $138K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.08 | +0.081% | $239 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0106% | 8h | 206.40 | +0.238% | $2.9M | $3.2M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0480% | 1h | 210.27 | +2.117% | $115K | $108K | 10x | as long as short |
OKX CBRS-USDT-SWAP
Variational Omni CBRS
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Vest CBRS-USD-PERP
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Orderly PERP_CBRS_USDC_mythos
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX