Funding you earn now, next payment 07:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.005%
Price spread now: Vest against Phoenix+0.019%58s7-day average +0.379% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)−0.824%−$82 · spread now +0.019%, 7d avg +0.379%
=Together, before fees−0.743%+ Points / potential airdropVest: Active · farm board−$74 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.360% cheaper against Phoenix than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.379%). If the spread goes back, that is −$36 on $10k: about 48 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.081% in total) that is about 16 days. The two prices were read 58 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 | 205.88 | 0 | get 0.0000% / 1h | 17m 49s | $1K | $108K | 10x |
| Short | Vest CBRS-USD-PERP | 205.92 | 0.0025 | get 0.0003% / 1h | 17m 49s | — | $108K | 10x |
Phoenix CBRS
Vest CBRS-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $5.21
- Price spread: +0.019% → +0.379%
- −$35.97
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$39.77
- Costs to cover
- 0.090%
- Break-even
- 60.4 days
Slippage unknown: Phoenix: live order book, 12 min ago; Vest: no order-book sample. 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, 12 min ago | 11.65 bp | 45.6 bp −$46 | 145.2 bp −$1,452 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0425% | 8h | 206.15 | +0.131% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0254% | 1h | 205.93 | +0.024% | $42.2M | $3.9M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.10 | +0.109% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.23 | +0.170% | $2.2M | $3.4M | 25x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 206.07 | +0.094% | $401K | $90K | — | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 205.88 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 206.33 | +0.219% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.12 | +0.117% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERPshort | +0.0025% | 1h | 205.92 | +0.019% | — | $108K | 10x | |
| BloFin CBRS-USDT | +0.0028% | 8h | 205.96 | +0.039% | $147K | $71K | 20x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Variational Omni CBRS
SunX CBRS-USDT
HTX CBRS-USDT
BloFin CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 205.96 | +0.039% | $94K | $924K | 10x | as long as short |
| Binance CBRSUSDT | +0.0036% | 8h | 206.12 | +0.115% | $10.1M | $30.6M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0040% | 1h | 206.08 | +0.097% | $44K | $389K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0041% | 1h | 206.11 | +0.112% | $12K | $5K | 10x | as long as short |
| QFEX CBRS-USD | +0.0050% | 1h | 206.13 | +0.121% | $1.1M | $3.1M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.95 | +0.034% | $51K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 206.03 | +0.073% | $334K | $716K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0099% | 8h | 206.16 | +0.136% | $940 | $217K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.00 | +0.058% | $114K | $109K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.02 | +0.068% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.01 | +0.063% | $815 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.02 | +0.069% | $239 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0186% | 8h | 206.09 | +0.102% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0389% | 8h | 206.30 | +0.204% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0536% | 1h | 210.27 | +2.132% | $115K | $112K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0997% | 4h | 206.01 | +0.065% | $23K | $220K | 10x | as long as short |
Lighter CBRS
Binance CBRSUSDT
Extended CBRS_24_5-USD
Deribit CBRS_USDC-PERPETUAL
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
GRVT CBRS_USDT_Perp
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
edgeX CBRSUSDC