Funding you earn now, next payment 08:00 UTC−0.0089%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.018%
Price spread now: Phoenix against Polymarket Perps+0.024%59s7-day average +0.014% · 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−$1091.086% of the position
Funding, last 6 days (all we have)−0.228%−$23 on $10k
+Price spread, last 4 days (all we have)+0.466%+$47 · spread now +0.024%, 7d avg +0.014%
=The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 59 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 | Polymarket Perps CBRS-USD | 205.07 | 0.0050 | pay 0.0006% / 1h | 46m 19s | $50K | $474K | 10x |
| Short | Phoenix CBRS | 205.12 | −0.0039 | pay 0.0005% / 1h | 46m 19s | $1K | $108K | 10x |
Polymarket Perps CBRS-USD
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Polymarket Perps. 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
- −$18.66
- Price spread: +0.024% → +0.014%
- $0.99
- Slippage, 4 orders
- −$93.55
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$126.22
- Costs to cover
- 1.086%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 17 min ago; Phoenix: live order book, 44 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 Polymarket Perps live order book, 17 min ago | 2.91 bp | 8.8 bp −$9 | 9.0 bp −$90 | 12.7 bp −$1,270 | doesn't fit |
| Sell Phoenix live order book, 44 min ago | 11.65 bp | 47.2 bp −$47 | 123.2 bp −$1,232 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT CBRS_USDT_Perp | −0.0605% | 8h | 205.33 | +0.127% | $285 | $217K | 10x | as long as short |
| Lighter CBRS | −0.0472% | 1h | 205.11 | +0.020% | $93K | $1.0M | 10x | as long as short |
| Bitget CBRSUSDT | −0.0339% | 8h | 205.21 | +0.068% | $2.4M | $2.5M | 20x | as long as short |
| Ondo Perps CBRS-USD.P | −0.0222% | 1h | 205.28 | +0.102% | $334K | $711K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | −0.0140% | 1h | 205.27 | +0.098% | $12K | $5K | 10x | as long as short |
| Phoenix CBRSshort | −0.0039% | 1h | 205.12 | +0.024% | $1K | $108K | 10x | |
| BloFin CBRS-USDT | −0.0010% | 8h | 205.29 | +0.107% | $147K | $71K | 20x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.38 | +0.149% | $65K | $147K | 20x | as long as short |
| Extended CBRS_24_5-USD | 0.0000% | 1h | 205.19 | +0.060% | $44K | $385K | 10x | as long as short |
| Binance CBRSUSDT | 0.0000% | 8h | 205.29 | +0.107% | $10.1M | $31.1M | 25x | as long as short |
GRVT CBRS_USDT_Perp
Lighter CBRS
Bitget CBRSUSDT
Ondo Perps CBRS-USD.P
Deribit CBRS_USDC-PERPETUAL
BloFin CBRS-USDT
Aster CBRSUSDT
Extended CBRS_24_5-USD
Binance CBRSUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CBRSUSDT | 0.0000% | 8h | 205.38 | +0.151% | $2.1M | $2.1M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.15 | +0.039% | $2.2M | $3.4M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 205.30 | +0.112% | $2.9M | $3.0M | 50x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 205.27 | +0.098% | $394K | $96K | — | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 205.54 | +0.229% | $1K | $2.7M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.40 | +0.161% | $9K | $10K | 20x | as long as short |
| QFEX CBRS-USD | +0.0017% | 1h | 205.09 | +0.010% | $1.1M | $3.1M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0018% | 1h | 204.91 | −0.078% | — | $103K | 10x | as long as short |
| Polymarket Perps CBRS-USDlong | +0.0050% | 1h | 205.07 | long leg | $50K | $474K | 10x | |
| tradeXYZ xyz:CBRS | +0.0061% | 1h | 205.06 | −0.005% | $42.0M | $4.0M | 10x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.26 | +0.093% | $812 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.20 | +0.063% | $114K | $135K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.37 | +0.146% | $24K | $137K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.16 | +0.043% | $238 | — | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0480% | 1h | 210.27 | +2.536% | $115K | $108K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0634% | 4h | 205.25 | +0.088% | $23K | $221K | 10x | as long as short |
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Variational Omni CBRS
SunX CBRS-USDT
HTX CBRS-USDT
QFEX CBRS-USD
Vest CBRS-USD-PERP
tradeXYZ xyz:CBRS
Orderly PERP_CBRS_USDC_mythos
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
Coinbase International CBRS-PERP-INTX
edgeX CBRSUSDC