Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.039%

Price spread now: HTX against tradeXYZ+0.157%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.157% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.157% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CBRS	209.78	0.0050	pay 0.0006% / 1h	10m 10s	$42.9M	$3.5M	10x
Short	HTX CBRS-USDT	210.11	0	get 0.0000% / 8h	4h 10m	$9K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now +0.157%Rate

Funding earned: −$10.5
Price spread: +0.157% → 0.000%: $15.73
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.77
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; HTX: 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 tradeXYZ live order book, 8 min ago	1.19 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
Aster CBRSUSDT	0.0000%	8h	209.86	+0.039%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	210.24	+0.219%	$2.2M	$3.5M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	210.09	+0.148%	$2.4M	$2.7M	20x	as long as short
GRVT CBRS_USDT_Perp	0.0000%	8h	209.98	+0.095%	$823	$207K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	210.30	+0.248%	$993	$3.0M	10x	as long as short
HTX CBRS-USDTshort	0.0000%	8h	210.11	+0.157%	$9K	$9K	20x
Vest CBRS-USD-PERP	+0.0021%	1h	209.62	−0.076%	—	$94K	10x	as long as short
Lighter CBRS	+0.0032%	1h	209.75	−0.014%	$90K	$852K	10x	as long as short
Phoenix CBRS	+0.0038%	1h	209.65	−0.062%	$1K	$108K	10x	as long as short
tradeXYZ xyz:CBRSlong	+0.0050%	1h	209.78	long leg	$42.9M	$3.5M	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CBRS-USD	+0.0050%	1h	209.92	+0.067%	$53K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	209.90	+0.057%	$340K	$722K	10x	as long as short
QFEX CBRS-USD	+0.0080%	1h	209.99	+0.100%	$1.1M	$3.1M	10x	as long as short
Variational Omni CBRS	+0.0092%	8h	210.01	+0.110%	$423K	$95K	—	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	209.98	+0.095%	$115K	$114K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.93	+0.072%	$25K	$140K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	209.94	+0.076%	$862	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	209.95	+0.083%	$244	—	10x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0104%	1h	210.27	+0.234%	$115K	$116K	10x	as long as short
BloFin CBRS-USDT	+0.0158%	8h	210.04	+0.124%	$148K	$70K	20x	as long as short
Binance CBRSUSDT	+0.0158%	8h	210.11	+0.157%	$10.2M	$29.4M	25x	as long as short
Extended CBRS_24_5-USD	+0.0160%	1h	210.04	+0.124%	$45K	$261K	10x	as long as short
Bybit CBRSUSDT	+0.0344%	8h	210.12	+0.162%	$2.1M	$1.9M	25x	as long as short
Gate CBRS_USDT	+0.0370%	8h	210.20	+0.200%	$2.9M	$2.9M	50x	as long as short
edgeX CBRSUSDC	+0.0909%	4h	209.87	+0.044%	$24K	$221K	10x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.1658%	1h	210.05	+0.129%	$12K	$5K	10x	as long as short