Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h −0.008%

Price spread now: HTX against QFEX−0.140%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.140% cheaper against QFEX than usual: you would sell low and buy high (spread −0.140% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.9 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CBRS-USD	207.22	−0.0160	get 0.0020% / 1h	46m 46s	$1.1M	$3.0M	10x
Short	HTX CBRS-USDT	206.93	0	get 0.0000% / 8h	4h 46m	$9K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee HTXbpOrdersPrice spread, now −0.140%Rate

Funding earned: $33.6
Price spread: −0.140% → 0.000%: −$13.99
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$2.39
Costs to cover: 0.220%
Break-even: 7.5 days

Slippage unknown: QFEX: live order book, 4 min ago; HTX: 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 QFEX live order book, 4 min ago	2.41 bp	8.0 bp −$8	16.4 bp −$164	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 exchanges

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	−0.0958%	4h	206.77	−0.217%	$24K	$222K	10x	as long as short
QFEX CBRS-USDlong	−0.0160%	1h	207.22	long leg	$1.1M	$3.0M	10x
Deribit CBRS_USDC-PERPETUAL	−0.0088%	1h	207.23	+0.005%	$12K	$5K	10x	as long as short
Phoenix CBRS	−0.0039%	1h	206.85	−0.179%	$1K	$109K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	207.01	−0.101%	$65K	$149K	20x	as long as short
Bybit CBRSUSDT	0.0000%	8h	207.29	+0.034%	$2.0M	$2.3M	25x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	206.94	−0.135%	$2.2M	$3.4M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	207.06	−0.077%	$2.4M	$2.9M	20x	as long as short
SunX CBRS-USDT	0.0000%	8h	207.48	+0.125%	$1K	$2.4M	10x	as long as short
HTX CBRS-USDTshort	0.0000%	8h	206.93	−0.140%	$9K	$10K	20x

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CBRS	+0.0016%	1h	207.12	−0.048%	$90K	$1.2M	10x	as long as short
Vest CBRS-USD-PERP	+0.0017%	1h	206.85	−0.179%	—	$108K	10x	as long as short
Variational Omni CBRS	+0.0046%	8h	207.17	−0.026%	$396K	$99K	—	as long as short
tradeXYZ xyz:CBRS	+0.0050%	1h	207.40	+0.087%	$42.5M	$4.2M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	206.75	−0.227%	$325K	$739K	10x	as long as short
BloFin CBRS-USDT	+0.0083%	8h	207.22	0.000%	$107K	$75K	20x	as long as short
Extended CBRS_24_5-USD	+0.0088%	1h	206.91	−0.149%	$44K	$376K	10x	as long as short
Binance CBRSUSDT	+0.0089%	8h	206.99	−0.112%	$10.2M	$33.6M	25x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	207.31	+0.043%	$113K	$332K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	206.63	−0.285%	$24K	$138K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	207.11	−0.053%	$819	$2K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	206.86	−0.173%	$240	—	10x	as long as short
Gate CBRS_USDT	+0.0147%	8h	207.10	−0.058%	$2.9M	$3.3M	50x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0272%	1h	210.27	+1.472%	$115K	$107K	10x	as long as short
GRVT CBRS_USDT_Perp	+0.0377%	8h	206.92	−0.144%	$1K	$239K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0611%	1h	206.62	−0.290%	$49K	$940K	10x	as long as short