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

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.010%
Price spread now: Lighter against SunX−0.238%7-day average −0.189% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1441.439% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.238%, 7d avg −0.189%
Together, before fees+0.147%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.049% cheaper against SunX than usual: you would sell low and buy high (spread −0.238% now, against its 7-day average of −0.189%). If the spread goes back, that is −$5 on $10k: about 29 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.073% in total) that is about 4.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CBRS-USDT206.290get 0.0000% / 8h2h 35m$1K$2.9M10x
ShortLighter CBRS205.800.0136get 0.0017% / 1h35m 05s$90K$875K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$28.56
Price spread: −0.238% → −0.189%
−$4.87
Slippage, 4 orders
−$135.91
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$120.22
Costs to cover
1.439%
Break-even
36.5 days
Slippage from SunX: live order book, 3 min ago; Lighter: live order book, 10 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, 3 min ago30.05 bp48.4 bp −$48doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 10 min ago0.73 bp8.9 bp −$911.1 bp −$111doesn't fitdoesn't fit

CBRS on 26 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
Bitget CBRSUSDT−0.0457%8h205.90−0.189%$2.4M$2.4M20xas long as short
tradeXYZ xyz:CBRS−0.0229%1h205.49−0.388%$42.0M$3.9M10xas long as short
Aster CBRSUSDT0.0000%8h205.79−0.241%$65K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h205.65−0.310%$2.2M$3.5M25xas long as short
Phoenix CBRS0.0000%1h205.63−0.320%$1K$108K10xas long as short
SunX CBRS-USDTlong0.0000%8h206.29long leg$1K$2.9M10x
HTX CBRS-USDT0.0000%8h206.14−0.073%$9K$10K20xas long as short
Vest CBRS-USD-PERP+0.0014%1h205.45−0.407%$105K10xas long as short
QFEX CBRS-USD+0.0024%1h205.88−0.199%$1.1M$3.1M10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h205.65−0.310%$50K$1.1M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni CBRS+0.0076%8h205.94−0.171%$401K$87Kas long as short
KuCoin CBRSUSDTM+0.0100%8h205.79−0.242%$115K$111K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h205.76−0.257%$24K$140K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h205.82−0.228%$814$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h205.82−0.226%$23910xas long as short
BloFin CBRS-USDT+0.0111%8h205.98−0.150%$147K$70K20xas long as short
Binance CBRSUSDT+0.0135%8h205.62−0.325%$10.0M$30.2M25xas long as short
Lighter CBRSshort+0.0136%1h205.80−0.238%$90K$875K10x
Extended CBRS_24_5-USD+0.0136%1h205.78−0.248%$46K$391K10xas long as short
GRVT CBRS_USDT_Perp+0.0147%8h205.99−0.144%$589$212K10xas long as short
Ondo Perps CBRS-USD.P+0.0184%1h205.69−0.291%$334K$714K10xas long as short
Bybit CBRSUSDT+0.0293%8h205.78−0.247%$2.0M$2.0M25xas long as short
Gate CBRS_USDT+0.0344%8h206.00−0.141%$2.8M$3.0M50xas long as short
Coinbase International CBRS-PERP-INTX+0.0464%1h210.27+1.929%$115K$116K10xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0528%1h205.89−0.194%$12K$5K10xas long as short
edgeX CBRSUSDC+0.0841%4h205.97−0.157%$23K$220K10xas long as short