Funding you earn now, next payment 03:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h −0.067%
Price spread now: Phoenix against Variational Omni−0.010%99s7-day average −0.049% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.130%−$13 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.010%, 7d avg −0.049%
=Together, before fees+0.099%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.039% dearer against Variational Omni than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.049%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 22 hours. The two prices were read 99 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 | Variational Omni CBRS | 209.85 | 0.0177 | pay 0.0177% / 8h | 4h 45m | $424K | $103K | — |
| Short | Phoenix CBRS | 209.83 | 0.0038 | get 0.0005% / 1h | 45m 45s | $1K | $108K | 10x |
Variational Omni CBRS
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- −$29.24
- Price spread: −0.010% → −0.049%
- $3.89
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$32.35
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 13 min ago; Phoenix: live order book, 4 min ago. 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 Variational Omni RFQ quote, 13 min ago | 2.19 bp | doesn't fit | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 4 min ago | 10.49 bp | 40.1 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 | −0.0659% | 4h | 209.82 | −0.013% | $24K | $220K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.88 | +0.014% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.92 | +0.033% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.87 | +0.009% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.88 | +0.014% | $531 | $205K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.09 | +0.114% | $1K | $3.0M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.83 | −0.010% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.93 | +0.038% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.50 | −0.167% | — | $94K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.80 | −0.024% | $92K | $836K | 10x | as long as short |
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
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 CBRSshort | +0.0038% | 1h | 209.83 | −0.010% | $1K | $108K | 10x | |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.63 | −0.105% | $42.9M | $3.5M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.78 | −0.034% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.81 | −0.020% | $340K | $723K | 10x | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 209.83 | −0.010% | $1.1M | $3.2M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.80 | −0.024% | $115K | $115K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.76 | −0.043% | $25K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.86 | +0.004% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.89 | +0.017% | $243 | — | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0104% | 1h | 210.27 | +0.200% | $115K | $116K | 10x | as long as short |
| Variational Omni CBRSlong | +0.0177% | 8h | 209.85 | long leg | $424K | $103K | — | |
| Binance CBRSUSDT | +0.0222% | 8h | 209.83 | −0.008% | $10.3M | $29.4M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0224% | 1h | 209.80 | −0.024% | $45K | $264K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0252% | 8h | 209.93 | +0.038% | $149K | $69K | 20x | as long as short |
| Bybit CBRSUSDT | +0.0297% | 8h | 209.96 | +0.052% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0309% | 8h | 210.00 | +0.071% | $2.9M | $2.9M | 50x | as long as short |
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Coinbase International CBRS-PERP-INTX
Binance CBRSUSDT
Extended CBRS_24_5-USD
BloFin CBRS-USDT
Bybit CBRSUSDT
Gate CBRS_USDT