Funding you earn now, next payment 02:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h +0.067%
Price spread now: Variational Omni against Phoenix+0.074%7-day average +0.049% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.130%+$13 on $10k
+Price spread, last 4 days (all we have)−0.386%−$39 · spread now +0.074%, 7d avg +0.049%
=Together, before fees−0.256%+ Points / potential airdropVariational Omni: Active · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Variational Omni is 0.025% dearer against Phoenix than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 208.98 | 0 | get 0.0000% / 1h | 37m 09s | $1K | $108K | 10x |
| Short | Variational Omni CBRS | 209.13 | 0.0231 | get 0.0231% / 8h | 5h 37m | $423K | $115K | — |
Phoenix CBRS
Variational Omni CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $48.55
- Price spread: +0.074% → +0.049%
- $2.47
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $44.02
- Costs to cover
- 0.070%
- Break-even
- 0.7 days
Slippage unknown: Phoenix: live order book, 18 min ago; Variational Omni: RFQ quote, 27 min ago. Net counts fees only.
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, 18 min ago | 12.43 bp | 48.5 bp −$48 | 162.0 bp −$1,620 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 27 min ago | 4.90 bp | doesn't fit | 48.9 bp −$489 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | −0.0056% | 1h | 208.44 | −0.258% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.25 | +0.127% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.46 | +0.230% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.36 | +0.182% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.26 | +0.132% | $896 | $204K | 10x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 208.98 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.61 | +0.301% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.28 | +0.144% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.96 | −0.010% | — | $94K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.15 | +0.081% | $92K | $830K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.20 | +0.105% | $42.8M | $3.5M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.28 | +0.144% | $55K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.23 | +0.120% | $340K | $734K | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 209.15 | +0.081% | $1.1M | $3.4M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.35 | +0.177% | $114K | $118K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.96 | −0.010% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.30 | +0.153% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.28 | +0.146% | $243 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0119% | 8h | 209.36 | +0.182% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0168% | 8h | 209.50 | +0.249% | $2.9M | $3.0M | 50x | as long as short |
| Variational Omni CBRSshort | +0.0231% | 8h | 209.13 | +0.074% | $423K | $115K | — | |
| Extended CBRS_24_5-USD | +0.0256% | 1h | 209.31 | +0.159% | $46K | $263K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0259% | 8h | 209.19 | +0.100% | $148K | $70K | 20x | as long as short |
| Binance CBRSUSDT | +0.0260% | 8h | 209.40 | +0.201% | $10.3M | $29.4M | 25x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0611% | 1h | 209.36 | +0.182% | $12K | $5K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0893% | 4h | 209.14 | +0.076% | $24K | $219K | 10x | as long as short |
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Bybit CBRSUSDT
Gate CBRS_USDT
Extended CBRS_24_5-USD
BloFin CBRS-USDT
Binance CBRSUSDT
Deribit CBRS_USDC-PERPETUAL
edgeX CBRSUSDC