Funding you earn now, next payment 07:00 UTC+0.0294%/8h= +32.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.038%
Price spread now: QFEX against tradeXYZ+0.136%49s7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.448% of the position
Funding, last 4 days (all we have)+0.088%+$9 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now +0.136%, 7d avg +0.106%
=Together, before fees+0.055%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and QFEX is 0.030% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.106%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.088% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CBRS | 205.33 | −0.0214 | get 0.0027% / 1h | 39m 43s | $42.0M | $4.0M | 10x |
| Short | QFEX CBRS-USD | 205.61 | 0.0080 | get 0.0010% / 1h | 39m 43s | $1.1M | $3.0M | 10x |
tradeXYZ xyz:CBRS
QFEX CBRS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $61.84
- Price spread: +0.136% → +0.106%
- $3.05
- Slippage, 4 orders
- −$16.8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $20.09
- Costs to cover
- 0.448%
- Break-even
- 4.7 days
Slippage from tradeXYZ: live order book, 10 min ago; QFEX: live order book, 3 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, 10 min ago | 0.73 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 2.19 bp | 7.4 bp −$7 | 16.1 bp −$161 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0622% | 8h | 205.70 | +0.180% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRSlong | −0.0214% | 1h | 205.33 | long leg | $42.0M | $4.0M | 10x | |
| edgeX CBRSUSDC | −0.0086% | 4h | 205.66 | +0.160% | $23K | $222K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.72 | +0.191% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.58 | +0.122% | $2.2M | $3.5M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 205.94 | +0.297% | $1K | $2.9M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 205.58 | +0.122% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.72 | +0.190% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0018% | 1h | 205.45 | +0.058% | — | $107K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.61 | +0.136% | $89K | $888K | 10x | as long as short |
Bitget CBRSUSDT
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CBRS | +0.0039% | 1h | 205.50 | +0.083% | $1K | $108K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.40 | +0.034% | $50K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.53 | +0.097% | $335K | $714K | 10x | as long as short |
| QFEX CBRS-USDshort | +0.0080% | 1h | 205.61 | +0.136% | $1.1M | $3.0M | 10x | |
| Variational Omni CBRS | +0.0083% | 8h | 205.58 | +0.124% | $416K | $89K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.56 | +0.112% | $114K | $110K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.59 | +0.127% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.60 | +0.131% | $813 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.59 | +0.126% | $238 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0112% | 8h | 205.59 | +0.127% | $147K | $70K | 20x | as long as short |
| Binance CBRSUSDT | +0.0133% | 8h | 205.60 | +0.133% | $10.1M | $30.5M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0136% | 1h | 205.56 | +0.111% | $44K | $389K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0207% | 8h | 205.77 | +0.215% | $302 | $217K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0336% | 8h | 205.58 | +0.122% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0373% | 8h | 205.70 | +0.180% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0600% | 1h | 210.27 | +2.406% | $115K | $116K | 10x | as long as short |
Phoenix CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX