Funding you earn now, next payment 22:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.04 per $10,000 · paid last 24h +0.064%
Price spread now: Coinbase International against QFEX−0.359%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$360.365% of the position
Funding, last 3 days (all we have)+0.149%+$15 on $10k
+Price spread, last 3 days (all we have)+0.231%+$23 · spread now −0.359%, 7d avg −0.088%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.270% cheaper against QFEX than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.088%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.149%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CBRS-USD | 209.19 | 0.0027 | pay 0.0003% / 1h | 16m 52s | $1.1M | $3.3M | 10x |
| Short | Coinbase International CBRS-PERP-INTX | 208.44 | −0.0008 | pay 0.0001% / 1h | 16m 52s | $114K | $114K | 10x |
QFEX CBRS-USD
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against QFEX. 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
- −$7.36
- Price spread: −0.359% → −0.088%
- −$27.01
- Slippage, 4 orders
- −$16.47
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$70.83
- Costs to cover
- 0.365%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; Coinbase International: live order book, 1 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 QFEX live order book, 6 min ago | 1.19 bp | 6.8 bp −$7 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 5.26 bp | 12.3 bp −$12 | 24.8 bp −$248 | 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-INTXshort | −0.0008% | 1h | 208.44 | −0.359% | $114K | $114K | 10x | |
| tradeXYZ xyz:CBRS | −0.0002% | 1h | 209.10 | −0.043% | $42.8M | $3.6M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.15 | −0.017% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.30 | +0.053% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.20 | +0.005% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.30 | +0.053% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.23 | +0.019% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.06 | −0.062% | $1K | $112K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.45 | +0.124% | $1K | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.53 | +0.163% | $9K | $6K | 20x | as long as short |
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0021% | 1h | 209.05 | −0.067% | — | $90K | 10x | as long as short |
| QFEX CBRS-USDlong | +0.0027% | 1h | 209.19 | long leg | $1.1M | $3.3M | 10x | |
| Lighter CBRS | +0.0032% | 1h | 209.31 | +0.057% | $93K | $907K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.13 | −0.029% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.28 | +0.043% | $349K | $908K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.11 | −0.038% | $143K | $96K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.90 | −0.139% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.22 | +0.014% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.27 | +0.040% | $243 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0180% | 1h | 209.25 | +0.029% | $12K | $16K | 10x | as long as short |
| Variational Omni CBRS | +0.0249% | 8h | 209.41 | +0.105% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0294% | 8h | 209.44 | +0.120% | $146K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0312% | 1h | 209.18 | −0.005% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0315% | 8h | 209.22 | +0.014% | $10.3M | $30.1M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0472% | 8h | 209.36 | +0.081% | $636 | $233K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0526% | 4h | 209.41 | +0.105% | $24K | $220K | 10x | as long as short |
Vest CBRS-USD-PERP
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Deribit CBRS_USDC-PERPETUAL
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp
edgeX CBRSUSDC