Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.040%
Price spread now: Phoenix against tradeXYZ+0.033%101s7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1211.214% of the position
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 4 days (all we have)+0.223%+$22 · spread now +0.033%, 7d avg +0.052%
=Together, before fees+0.389%+ Points / potential airdroptradeXYZ: Active · farm board+$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.166%, so the current rate has only just turned against you. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CBRS | 209.88 | 0.0050 | pay 0.0006% / 1h | 1m 54s | $43.0M | $3.5M | 10x |
| Short | Phoenix CBRS | 209.95 | 0 | get 0.0000% / 1h | 1m 54s | $1K | $108K | 10x |
tradeXYZ xyz:CBRS
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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
- −$10.5
- Price spread: +0.033% → +0.052%
- −$1.83
- Slippage, 4 orders
- −$96.42
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$133.75
- Costs to cover
- 1.214%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Phoenix: live order book, 53 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 tradeXYZ live order book, 7 min ago | 0.48 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 53 min ago | 12.43 bp | 50.2 bp −$50 | 140.0 bp −$1,400 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | −0.0056% | 1h | 210.27 | +0.186% | $115K | $116K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 210.08 | +0.094% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.24 | +0.172% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 210.11 | +0.110% | $2.4M | $2.7M | 20x | as long as short |
| Phoenix CBRSshort | 0.0000% | 1h | 209.95 | +0.033% | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 210.29 | +0.195% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.21 | +0.157% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.70 | −0.086% | — | $94K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0023% | 8h | 210.23 | +0.167% | $511 | $205K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 210.00 | +0.057% | $90K | $833K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
GRVT CBRS_USDT_Perp
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRSlong | +0.0050% | 1h | 209.88 | long leg | $43.0M | $3.5M | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 210.06 | +0.086% | $54K | $1.1M | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 210.06 | +0.086% | $1.1M | $3.2M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0080% | 1h | 210.12 | +0.114% | $341K | $734K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 210.00 | +0.057% | $115K | $115K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.98 | +0.048% | $25K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 210.12 | +0.114% | $863 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 210.17 | +0.138% | $244 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0179% | 1h | 210.11 | +0.110% | $12K | $5K | 10x | as long as short |
| Variational Omni CBRS | +0.0227% | 8h | 210.15 | +0.131% | $425K | $107K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0264% | 1h | 210.04 | +0.078% | $45K | $262K | 10x | as long as short |
| Binance CBRSUSDT | +0.0267% | 8h | 210.11 | +0.109% | $10.3M | $29.4M | 25x | as long as short |
| Bybit CBRSUSDT | +0.0274% | 8h | 210.22 | +0.162% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0284% | 8h | 210.30 | +0.200% | $2.9M | $3.0M | 50x | as long as short |
| BloFin CBRS-USDT | +0.0284% | 8h | 210.07 | +0.091% | $105K | $69K | 20x | as long as short |
| edgeX CBRSUSDC | +0.0749% | 4h | 210.23 | +0.167% | $24K | $220K | 10x | as long as short |
Polymarket Perps CBRS-USD
QFEX CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Deribit CBRS_USDC-PERPETUAL
Variational Omni CBRS
Extended CBRS_24_5-USD
Binance CBRSUSDT
Bybit CBRSUSDT
Gate CBRS_USDT
BloFin CBRS-USDT
edgeX CBRSUSDC