Funding you earn now, next payment 00:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h −0.010%
Price spread now: Phoenix against QFEX+0.038%52s7-day average −0.064% · 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−$1071.074% of the position
Funding, last 3 days (all we have)−0.052%−$5 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.038%, 7d avg −0.064%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.103% dearer against QFEX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.064%. The two prices were read 52 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 | QFEX CBRS-USD | 209.92 | 0.0031 | pay 0.0004% / 1h | 35m 45s | $1.1M | $3.4M | 10x |
| Short | Phoenix CBRS | 210.00 | 0.0038 | get 0.0005% / 1h | 35m 45s | $1K | $111K | 10x |
QFEX CBRS-USD
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $1.42
- Price spread: +0.038% → −0.064%
- $10.26
- Slippage, 4 orders
- −$90.42
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$95.74
- Costs to cover
- 1.074%
- Break-even
- 478.2 days
Slippage from QFEX: live order book, 2 min ago; Phoenix: live order book, 29 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, 2 min ago | 1.67 bp | 8.5 bp −$9 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 29 min ago | 11.46 bp | 45.4 bp −$45 | 116.2 bp −$1,162 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 210.03 | +0.053% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.96 | +0.019% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.95 | +0.014% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 210.00 | +0.038% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.89 | −0.014% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 210.12 | +0.095% | $227 | $213K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.35 | +0.205% | $1K | $3.2M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.89 | −0.014% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.07 | +0.071% | $9K | $6K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0024% | 1h | 208.44 | −0.705% | $114K | $114K | 10x | as long as short |
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Coinbase International CBRS-PERP-INTXShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0029% | 1h | 209.70 | −0.105% | — | $98K | 10x | as long as short |
| QFEX CBRS-USDlong | +0.0031% | 1h | 209.92 | long leg | $1.1M | $3.4M | 10x | |
| Lighter CBRS | +0.0032% | 1h | 209.86 | −0.029% | $91K | $845K | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0036% | 1h | 209.75 | −0.081% | $42.9M | $3.6M | 10x | as long as short |
| Phoenix CBRSshort | +0.0038% | 1h | 210.00 | +0.038% | $1K | $111K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.84 | −0.038% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.78 | −0.067% | $348K | $924K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.98 | +0.029% | $143K | $90K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 210.19 | +0.129% | $25K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.99 | +0.033% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.94 | +0.011% | $244 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0451% | 8h | 209.81 | −0.051% | $425K | $321K | — | as long as short |
| Binance CBRSUSDT | +0.0485% | 8h | 209.93 | +0.005% | $10.3M | $29.8M | 25x | as long as short |
| edgeX CBRSUSDC | +0.0486% | 4h | 210.10 | +0.086% | $24K | $221K | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0488% | 1h | 209.91 | −0.003% | $40K | $308K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0502% | 8h | 209.95 | +0.014% | $147K | $71K | 20x | as long as short |
Vest CBRS-USD-PERP
Lighter CBRS
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Binance CBRSUSDT
edgeX CBRSUSDC
Extended CBRS_24_5-USD
BloFin CBRS-USDT