Funding arb · Price arb /

CBRS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Bitget against Aevo+0.024%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bitget

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—needs both histories

The price spread pays, funding is against you. Bitget is 0.024% dearer against Aevo than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo CBRS-PERP	208.86	0.0104	pay 0.0013% / 1h	46m 31s	$242	—	10x
Short	Bitget CBRSUSDT	208.91	0	get 0.0000% / 8h	3h 46m	$2.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$21.84
Price spread: +0.024% → 0.000%: $2.43
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.41
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 1 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	3.11 bp	15.2 bp −$15	33.8 bp −$338	79.4 bp −$7,936	doesn't fit

Aevo: 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
edgeX CBRSUSDC	−0.0768%	4h	208.91	+0.026%	$24K	$221K	10x	as long as short
tradeXYZ xyz:CBRS	−0.0349%	1h	208.63	−0.110%	$42.7M	$3.6M	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	208.75	−0.051%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	208.99	+0.063%	$2.2M	$3.5M	25x	as long as short
Bitget CBRSUSDTshort	0.0000%	8h	208.91	+0.024%	$2.4M	$2.7M	20x
SunX CBRS-USDT	0.0000%	8h	209.28	+0.201%	$647	$3.0M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	208.73	−0.062%	$9K	$10K	20x	as long as short
Vest CBRS-USD-PERP	+0.0022%	1h	208.45	−0.196%	—	$94K	10x	as long as short
Lighter CBRS	+0.0032%	1h	208.86	0.000%	$90K	$840K	10x	as long as short
Phoenix CBRS	+0.0038%	1h	209.06	+0.096%	$1K	$108K	10x	as long as short

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	208.76	−0.048%	$53K	$1.1M	10x	as long as short
GRVT CBRS_USDT_Perp	+0.0052%	8h	208.97	+0.054%	$619	$209K	10x	as long as short
QFEX CBRS-USD	+0.0063%	1h	208.86	0.000%	$1.1M	$3.1M	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	208.87	+0.005%	$114K	$113K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	208.66	−0.095%	$24K	$140K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	208.78	−0.038%	$826	$1K	10x	as long as short
Aevo CBRS-PERPlong	+0.0104%	1h	208.86	long leg	$242	—	10x
Variational Omni CBRS	+0.0111%	8h	209.28	+0.203%	$422K	$90K	—	as long as short
Ondo Perps CBRS-USD.P	+0.0150%	1h	208.78	−0.038%	$339K	$719K	10x	as long as short
Extended CBRS_24_5-USD	+0.0168%	1h	208.88	+0.012%	$44K	$258K	10x	as long as short
Binance CBRSUSDT	+0.0170%	8h	208.94	+0.039%	$10.1M	$29.5M	25x	as long as short
BloFin CBRS-USDT	+0.0185%	8h	208.74	−0.057%	$147K	$69K	20x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0288%	1h	210.27	+0.675%	$115K	$116K	10x	as long as short
Bybit CBRSUSDT	+0.0384%	8h	209.10	+0.115%	$2.1M	$2.0M	25x	as long as short
Gate CBRS_USDT	+0.0389%	8h	209.00	+0.067%	$2.9M	$2.9M	50x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.1140%	1h	208.97	+0.053%	$12K	$5K	10x	as long as short