Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h +0.003%
Price spread now: SunX against Phoenix−0.062%69s7-day average +0.163% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as 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−$2182.178% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.062%, 7d avg +0.163%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.225% cheaper against Phoenix than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.163%). Swap the legs. The two prices were read 69 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 | 210.00 | 0.0038 | pay 0.0005% / 1h | 31m 40s | $1K | $111K | 10x |
| Short | SunX CBRS-USDT | 209.87 | 0 | get 0.0000% / 8h | 7h 31m | $1K | $3.2M | 10x |
Phoenix CBRS
SunX CBRS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$8.01
- Price spread: −0.062% → +0.163%
- −$22.48
- Slippage, 4 orders
- −$202.85
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$248.33
- Costs to cover
- 2.178%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 33 min ago; SunX: live order book, 6 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, 33 min ago | 11.46 bp | 43.9 bp −$44 | 135.1 bp −$1,351 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 29.47 bp | 80.7 bp −$81 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0973% | 4h | 209.85 | −0.069% | $24K | $222K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.82 | −0.085% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.88 | −0.057% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.87 | −0.062% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.80 | −0.095% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.86 | −0.067% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.92 | −0.038% | $227 | $213K | 10x | as long as short |
| SunX CBRS-USDTshort | 0.0000% | 8h | 209.87 | −0.062% | $1K | $3.2M | 10x | |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.72 | −0.133% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.72 | −0.133% | $9K | $6K | 20x | as long as short |
edgeX CBRSUSDC
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | +0.0018% | 1h | 209.58 | −0.200% | $42.9M | $3.6M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0024% | 1h | 208.44 | −0.743% | $114K | $114K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0029% | 1h | 209.33 | −0.319% | — | $98K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 209.71 | −0.138% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.71 | −0.138% | $91K | $845K | 10x | as long as short |
| Phoenix CBRSlong | +0.0038% | 1h | 210.00 | long leg | $1K | $111K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.57 | −0.205% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.78 | −0.105% | $343K | $924K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.90 | −0.048% | $150K | $103K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.76 | −0.114% | $25K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.83 | −0.081% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.83 | −0.080% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0451% | 8h | 209.81 | −0.089% | $425K | $321K | — | as long as short |
| Binance CBRSUSDT | +0.0463% | 8h | 209.85 | −0.071% | $10.3M | $29.7M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0464% | 1h | 209.81 | −0.092% | $40K | $285K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0495% | 8h | 209.76 | −0.114% | $147K | $71K | 20x | as long as short |
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Binance CBRSUSDT
Extended CBRS_24_5-USD
BloFin CBRS-USDT