Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h 0.000%
Price spread now: Phoenix against SunX−0.352%7-day average −0.163% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2082.081% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.305%+$31 · spread now −0.352%, 7d avg −0.163%
=Funding pays, the price is against you. Phoenix is 0.190% cheaper against SunX than usual: you would sell low and buy high (spread −0.352% now, against its 7-day average of −0.163%). If the spread goes back, that is −$19 on $10k: about 17 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CBRS-USDT | 207.20 | 0 | get 0.0000% / 8h | 2h 54m | $1K | $2.9M | 10x |
| Short | Phoenix CBRS | 206.47 | 0.0038 | get 0.0005% / 1h | 54m 42s | $1K | $108K | 10x |
SunX CBRS-USDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- $8.03
- Price spread: −0.352% → −0.163%
- −$18.96
- Slippage, 4 orders
- −$193.06
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$218.99
- Costs to cover
- 2.081%
- Break-even
- 197.9 days
Slippage from SunX: live order book, 3 min ago; Phoenix: live order book, 50 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 SunX live order book, 3 min ago | 29.68 bp | 48.4 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 50 min ago | 10.55 bp | 40.2 bp −$40 | 102.0 bp −$1,020 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0765% | 4h | 206.76 | −0.213% | $23K | $220K | 10x | as long as short |
| Bitget CBRSUSDT | −0.0301% | 8h | 206.97 | −0.111% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0233% | 1h | 206.79 | −0.198% | $42.3M | $3.8M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.96 | −0.114% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.94 | −0.125% | $2.2M | $3.5M | 25x | as long as short |
| SunX CBRS-USDTlong | 0.0000% | 8h | 207.20 | long leg | $1K | $2.9M | 10x | |
| HTX CBRS-USDT | 0.0000% | 8h | 206.97 | −0.111% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 206.53 | −0.323% | — | $104K | 10x | as long as short |
| QFEX CBRS-USD | +0.0024% | 1h | 206.92 | −0.135% | $1.1M | $3.1M | 10x | as long as short |
| Phoenix CBRSshort | +0.0038% | 1h | 206.47 | −0.352% | $1K | $108K | 10x |
edgeX CBRSUSDC
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.84 | −0.174% | $51K | $1.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0070% | 8h | 207.07 | −0.063% | $403K | $92K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.70 | −0.241% | $116K | $113K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.67 | −0.256% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.86 | −0.164% | $818 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.84 | −0.174% | $240 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0105% | 8h | 206.97 | −0.111% | $148K | $69K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0107% | 8h | 206.84 | −0.174% | $213 | $212K | 10x | as long as short |
| Binance CBRSUSDT | +0.0135% | 8h | 206.94 | −0.123% | $10.1M | $30.0M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0136% | 1h | 206.86 | −0.163% | $44K | $390K | 10x | as long as short |
| Lighter CBRS | +0.0152% | 1h | 206.73 | −0.227% | $90K | $854K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0249% | 1h | 206.84 | −0.174% | $337K | $716K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0310% | 8h | 206.93 | −0.130% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0343% | 8h | 207.10 | −0.048% | $2.8M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0464% | 1h | 210.27 | +1.482% | $115K | $116K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1881% | 1h | 206.92 | −0.135% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp
Binance CBRSUSDT
Extended CBRS_24_5-USD
Lighter CBRS
Ondo Perps CBRS-USD.P
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
Deribit CBRS_USDC-PERPETUAL