Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0142%/8h= +15.6% APRnext payment +$1.42 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against SunX+0.057%7-day average −0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1621.620% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.095%+$10 on $10k
Price spread, last 3 days (all we have)−0.159%−$16 · spread now +0.057%, 7d avg −0.112%
Together, before fees−0.064%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.170% dearer against SunX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.112%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CBRS-USDT209.350get 0.0000% / 8h6h 26m$1K$3.1M10x
ShortBybit CBRSUSDT209.470.0142get 0.0142% / 8h6h 26m$2.1M$1.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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

Funding earned
$29.91
Price spread: +0.057% → −0.112%
$16.98
Slippage, 4 orders
−$143.02
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$115.13
Costs to cover
1.620%
Break-even
33.9 days
Slippage from SunX: live order book, 12 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 12 min ago30.33 bp48.6 bp −$49doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago3.34 bp17.5 bp −$18132.0 bp −$1,320doesn't fitdoesn't fit

CBRS on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CBRS−0.0194%1h208.93−0.201%$42.8M$3.5M10xas long as short
Coinbase International CBRS-PERP-INTX−0.0040%1h208.44−0.435%$114K$114K10xas long as short
Aster CBRSUSDT0.0000%8h209.26−0.044%$66K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h209.22−0.062%$2.2M$3.5M25xas long as short
Bitget CBRSUSDT0.0000%8h209.25−0.048%$2.4M$2.8M20xas long as short
GRVT CBRS_USDT_Perp0.0000%8h209.06−0.137%$556$207K10xas long as short
SunX CBRS-USDTlong0.0000%8h209.35long leg$1K$3.1M10x
HTX CBRS-USDT0.0000%8h209.03−0.153%$9K$9K20xas long as short
Vest CBRS-USD-PERP+0.0019%1h208.70−0.310%$97K10xas long as short
Lighter CBRS+0.0032%1h209.18−0.081%$90K$850K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX CBRS-USD+0.0038%1h209.08−0.129%$1.1M$3.4M10xas long as short
Phoenix CBRS+0.0038%1h208.90−0.215%$1K$109K10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h208.94−0.196%$53K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h209.06−0.139%$339K$743K10xas long as short
Gate CBRS_USDT+0.0080%8h209.30−0.024%$2.9M$3.0M50xas long as short
KuCoin CBRSUSDTM+0.0100%8h209.08−0.129%$115K$120K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h208.75−0.287%$24K$138K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.21−0.067%$859$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.24−0.055%$24310xas long as short
Bybit CBRSUSDTshort+0.0142%8h209.47+0.057%$2.1M$1.9M25x
Variational Omni CBRS+0.0334%8h209.21−0.069%$422K$156Kas long as short
Extended CBRS_24_5-USD+0.0360%1h209.17−0.085%$44K$271K10xas long as short
Binance CBRSUSDT+0.0361%8h209.23−0.057%$10.3M$29.5M25xas long as short
edgeX CBRSUSDC+0.0411%4h209.01−0.161%$24K$219K10xas long as short
Deribit CBRS_USDC-PERPETUAL+0.1471%1h209.56+0.100%$12K$5K10xas long as short