Funding you earn now, next payment 05:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h −0.024%
Price spread now: Coinbase International against Binance+2.383%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs+$197as in the Price arb table
costs, in and out, $10k−$480.484% of the position
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 4 days (all we have)−2.503%−$250 · spread now +2.383%, 7d avg −0.069%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 2.452% dearer against Binance than usual: you sell high and buy low: +$245 more if the spread goes back to its 7-day average of −0.069%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.146% in total (about 7.6% a year). A funding rate is set anew for every payment. 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 | Binance CBRSUSDT | 205.38 | 0.0126 | pay 0.0126% / 8h | 2h 26m | $10.0M | $30.3M | 25x |
| Short | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0464 | get 0.0058% / 1h | 26m 17s | $115K | $116K | 10x |
Binance CBRSUSDT
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- $70.89
- Price spread: +2.383% → −0.069%
- $245.23
- Slippage, 4 orders
- −$28.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $267.76
- Costs to cover
- 0.484%
- Break-even
- from the start
Slippage from Binance: live order book, 15 min ago; Coinbase International: live order book, 21 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 Binance live order book, 15 min ago | 1.46 bp | 8.9 bp −$9 | 34.7 bp −$347 | 125.9 bp −$12.6K | doesn't fit |
| Sell Coinbase International live order book, 21 min ago | 6.76 bp | 12.9 bp −$13 | 24.7 bp −$247 | 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 | −0.0623% | 8h | 205.50 | +0.061% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0234% | 1h | 205.09 | −0.139% | $41.9M | $3.9M | 10x | as long as short |
| edgeX CBRSUSDC | −0.0172% | 4h | 205.59 | +0.103% | $23K | $219K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.49 | +0.054% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.50 | +0.061% | $2.2M | $3.5M | 25x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 205.36 | −0.008% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 205.70 | +0.158% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.66 | +0.139% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0014% | 1h | 204.95 | −0.207% | — | $105K | 10x | as long as short |
| QFEX CBRS-USD | +0.0024% | 1h | 205.30 | −0.037% | $1.1M | $3.1M | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0048% | 1h | 205.17 | −0.100% | $89K | $880K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.18 | −0.095% | $50K | $1.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0067% | 8h | 205.47 | +0.048% | $400K | $86K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.24 | −0.066% | $114K | $111K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.59 | +0.104% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.38 | +0.002% | $812 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.38 | +0.002% | $238 | — | 10x | as long as short |
| Binance CBRSUSDTlong | +0.0126% | 8h | 205.38 | long leg | $10.0M | $30.3M | 25x | |
| BloFin CBRS-USDT | +0.0128% | 8h | 205.43 | +0.027% | $147K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0128% | 1h | 205.32 | −0.027% | $46K | $391K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0130% | 1h | 205.55 | +0.085% | $334K | $714K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0151% | 8h | 205.65 | +0.134% | $512 | $212K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0277% | 8h | 205.41 | +0.017% | $2.0M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0343% | 8h | 205.50 | +0.061% | $2.8M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | +0.0464% | 1h | 210.27 | +2.383% | $115K | $116K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.0969% | 1h | 205.32 | −0.027% | $12K | $5K | 10x | as long as short |
Lighter CBRS
Polymarket Perps CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Ondo Perps CBRS-USD.P
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL