Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h +0.010%
Price spread now: Lighter against Aster+0.003%7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$550.555% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$7 on $10k
Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.003%, 7d avg −0.077%
Together, before fees−0.093%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.080% dearer against Aster than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.077%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.065%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CBRSUSDT205.200get 0.0000% / 8h7h 21m$65K$148K20x
ShortLighter CBRS205.21−0.0088pay 0.0011% / 1h21m 24s$91K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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

Funding earned
−$18.48
Price spread: +0.003% → −0.077%
$8.01
Slippage, 4 orders
−$47.46
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$65.93
Costs to cover
0.555%
Break-even
never at this rate
Slippage from Aster: live order book, 10 min ago; Lighter: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 10 min ago4.41 bp22.2 bp −$22374.7 bp −$3,747doesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago0.49 bp5.9 bp −$69.5 bp −$95doesn't fitdoesn't fit

CBRS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CBRS_USDT_Perp−0.0455%8h204.29−0.445%$223$217K10xas long as short
Bitget CBRSUSDT−0.0258%8h205.26+0.027%$2.4M$2.6M20xas long as short
Lighter CBRSshort−0.0088%1h205.21+0.003%$91K$1.1M10x
Phoenix CBRS−0.0039%1h203.48−0.840%$1K$108K10xas long as short
Ondo Perps CBRS-USD.P−0.0026%1h205.11−0.046%$332K$717K10xas long as short
Aster CBRSUSDTlong0.0000%8h205.20long leg$65K$148K20x
Extended CBRS_24_5-USD0.0000%1h205.23+0.014%$46K$383K10xas long as short
Binance CBRSUSDT0.0000%8h205.28+0.037%$10.1M$31.8M25xas long as short
Bybit CBRSUSDT0.0000%8h205.43+0.110%$2.1M$2.1M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h205.36+0.076%$2.2M$3.5M25xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CBRS_USDT0.0000%8h205.30+0.047%$2.9M$3.1M50xas long as short
Variational Omni CBRS0.0000%8h203.38−0.889%$389K$98Kas long as short
SunX CBRS-USDT0.0000%8h205.40+0.096%$1K$2.7M10xas long as short
HTX CBRS-USDT0.0000%8h204.42−0.382%$9K$10K20xas long as short
QFEX CBRS-USD+0.0017%1h205.16−0.021%$1.1M$3.1M10xas long as short
Vest CBRS-USD-PERP+0.0017%1h204.88−0.158%$106K10xas long as short
BloFin CBRS-USDT+0.0024%8h204.39−0.397%$148K$71K20xas long as short
tradeXYZ xyz:CBRS+0.0050%1h205.28+0.037%$42.0M$4.0M10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h205.51+0.149%$50K$471K10xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h205.23+0.013%$812$2K10xas long as short
KuCoin CBRSUSDTM+0.0100%8h205.23+0.013%$112K$162K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h204.32−0.431%$24K$137K50xas long as short
Aevo CBRS-PERP+0.0104%1h205.25+0.024%$23810xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0432%1h205.42+0.105%$12K$5K10xas long as short
Coinbase International CBRS-PERP-INTX+0.0480%1h210.27+2.469%$115K$108K10xas long as short
edgeX CBRSUSDC+0.0695%4h204.27−0.454%$23K$221K10xas long as short