Funding you earn now, next payment 11:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.003%
Price spread now: Phoenix against Aster−0.077%45s7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as 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−$1231.233% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.077%, 7d avg −0.051%
=Together, before fees+0.084%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.026% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.051%). Swap the legs. The two prices were read 45 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 | Aster CBRSUSDT | 207.01 | 0 | get 0.0000% / 8h | 4h 46m | $65K | $149K | 20x |
| Short | Phoenix CBRS | 206.85 | −0.0039 | pay 0.0005% / 1h | 46m 34s | $1K | $109K | 10x |
Aster CBRSUSDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- −$8.09
- Price spread: −0.077% → −0.051%
- −$2.6
- Slippage, 4 orders
- −$108.26
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$133.94
- Costs to cover
- 1.233%
- Break-even
- never at this rate
Slippage from Aster: live order book, 58 min ago; Phoenix: live order book, 51 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 Aster live order book, 58 min ago | 4.57 bp | 21.9 bp −$22 | 296.1 bp −$2,961 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 51 min ago | 10.61 bp | 40.0 bp −$40 | 102.0 bp −$1,020 | doesn't fit | doesn't fit |
CBRS on 26 exchanges
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 | −0.0958% | 4h | 206.77 | −0.116% | $24K | $222K | 10x | as long as short |
| QFEX CBRS-USD | −0.0160% | 1h | 207.06 | +0.024% | $1.1M | $3.0M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | −0.0088% | 1h | 207.23 | +0.106% | $12K | $5K | 10x | as long as short |
| Phoenix CBRSshort | −0.0039% | 1h | 206.85 | −0.077% | $1K | $109K | 10x | |
| Lighter CBRS | −0.0032% | 1h | 207.09 | +0.039% | $90K | $1.2M | 10x | as long as short |
| Aster CBRSUSDTlong | 0.0000% | 8h | 207.01 | long leg | $65K | $149K | 20x | |
| Bybit CBRSUSDT | 0.0000% | 8h | 207.28 | +0.130% | $2.0M | $2.3M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.03 | +0.010% | $2.2M | $3.4M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 206.93 | −0.039% | $2.4M | $2.9M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 207.48 | +0.227% | $1K | $2.4M | 10x | as long as short |
edgeX CBRSUSDC
QFEX CBRS-USD
Deribit CBRS_USDC-PERPETUAL
Lighter CBRS
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CBRS-USDT | 0.0000% | 8h | 206.93 | −0.039% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0017% | 1h | 206.85 | −0.077% | — | $108K | 10x | as long as short |
| Variational Omni CBRS | +0.0046% | 8h | 207.17 | +0.075% | $396K | $99K | — | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 207.40 | +0.188% | $42.5M | $4.2M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 207.19 | +0.087% | $325K | $740K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0083% | 8h | 207.22 | +0.101% | $107K | $75K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0088% | 1h | 206.91 | −0.047% | $44K | $376K | 10x | as long as short |
| Binance CBRSUSDT | +0.0094% | 8h | 206.99 | −0.012% | $10.2M | $33.6M | 25x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 207.30 | +0.140% | $113K | $332K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.63 | −0.184% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 207.11 | +0.048% | $819 | $2K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.86 | −0.072% | $240 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0141% | 8h | 207.00 | −0.005% | $2.9M | $3.3M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0272% | 1h | 210.27 | +1.575% | $115K | $107K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0377% | 8h | 206.92 | −0.042% | $1K | $239K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0611% | 1h | 206.62 | −0.188% | $49K | $940K | 10x | as long as short |
HTX CBRS-USDT
Vest CBRS-USD-PERP
Variational Omni CBRS
tradeXYZ xyz:CBRS
Ondo Perps CBRS-USD.P
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
GRVT CBRS_USDT_Perp
Polymarket Perps CBRS-USD