Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0947%/8h= +103.6% APRpaid last 24h +0.101%

Price spread now: Deribit against SunX−0.177%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Deribit

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. Deribit is 0.177% cheaper against SunX than usual: you would sell low and buy high (spread −0.177% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 15 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CBRS-USDT	209.56	0	get 0.0000% / 8h	3h 51m	$463	$3.0M	10x
Short	Deribit CBRS_USDC-PERPETUAL	209.19	0.0947	get 0.0118% / 1h	51m 10s	$12K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee SunXbpFee DeribitbpOrdersPrice spread, now −0.177%Rate

Funding earned: $198.77
Price spread: −0.177% → 0.000%: −$17.66
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $166.11
Costs to cover: 0.150%
Break-even: 1.2 days

Slippage unknown: SunX: live order book, 7 min ago; Deribit: 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 SunX live order book, 7 min ago	30.74 bp	48.9 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 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
tradeXYZ xyz:CBRS	−0.0413%	1h	209.05	−0.243%	$42.8M	$3.6M	10x	as long as short
edgeX CBRSUSDC	−0.0343%	4h	209.38	−0.086%	$24K	$220K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	209.18	−0.179%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	209.30	−0.124%	$2.2M	$3.5M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	209.25	−0.148%	$2.4M	$2.7M	20x	as long as short
SunX CBRS-USDTlong	0.0000%	8h	209.56	long leg	$463	$3.0M	10x
HTX CBRS-USDT	0.0000%	8h	209.51	−0.024%	$9K	$10K	20x	as long as short
Vest CBRS-USD-PERP	+0.0022%	1h	209.02	−0.258%	—	$94K	10x	as long as short
Lighter CBRS	+0.0032%	1h	209.10	−0.220%	$90K	$834K	10x	as long as short
Phoenix CBRS	+0.0038%	1h	209.07	−0.234%	$1K	$108K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CBRS_USDT_Perp	+0.0045%	8h	209.42	−0.067%	$620	$209K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	209.16	−0.191%	$53K	$1.1M	10x	as long as short
QFEX CBRS-USD	+0.0063%	1h	209.24	−0.153%	$1.1M	$3.1M	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	209.28	−0.134%	$114K	$114K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.46	−0.048%	$25K	$140K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	209.25	−0.148%	$828	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	209.26	−0.145%	$243	—	10x	as long as short
Variational Omni CBRS	+0.0105%	8h	209.52	−0.017%	$422K	$92K	—	as long as short
BloFin CBRS-USDT	+0.0166%	8h	209.40	−0.076%	$148K	$70K	20x	as long as short
Extended CBRS_24_5-USD	+0.0168%	1h	209.21	−0.168%	$45K	$263K	10x	as long as short
Binance CBRSUSDT	+0.0172%	8h	209.20	−0.172%	$10.1M	$29.5M	25x	as long as short
Ondo Perps CBRS-USD.P	+0.0234%	1h	209.10	−0.220%	$340K	$719K	10x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0288%	1h	210.27	+0.339%	$115K	$116K	10x	as long as short
Bybit CBRSUSDT	+0.0391%	8h	209.35	−0.100%	$2.1M	$1.9M	25x	as long as short
Gate CBRS_USDT	+0.0399%	8h	209.50	−0.029%	$2.9M	$2.9M	50x	as long as short
Deribit CBRS_USDC-PERPETUALshort	+0.0947%	1h	209.19	−0.177%	$12K	$5K	10x