Funding you earn now, next payment 02:00 UTC−0.0403%/8h= −44.1% APRpaid last 24h −0.067%
Price spread now: Lighter against Binance−0.027%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 2 days (all we have)−0.033%−$3 · spread now −0.027%, 7d avg −0.076%
=Together, before fees−0.141%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.049% dearer against Binance than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.076%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.108% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.108% in total (about -5.6% 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 | 209.64 | 0.0435 | pay 0.0435% / 8h | 6h 57m | $10.3M | $29.8M | 25x |
| Short | Lighter CBRS | 209.58 | 0.0032 | get 0.0004% / 1h | 57m 41s | $90K | $842K | 10x |
Binance CBRSUSDT
Lighter CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$84.63
- Price spread: −0.027% → −0.076%
- $4.87
- Slippage, 4 orders
- −$29.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$118.84
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Lighter: live order book, 7 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, 14 min ago | 1.19 bp | 12.6 bp −$13 | 28.1 bp −$281 | 149.6 bp −$15.0K | doesn't fit |
| Sell Lighter live order book, 7 min ago | 4.05 bp | 13.3 bp −$13 | 16.1 bp −$161 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0438% | 1h | 209.41 | −0.109% | $42.9M | $3.6M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0040% | 1h | 208.44 | −0.571% | $114K | $114K | 10x | as long as short |
| Polymarket Perps CBRS-USD | −0.0008% | 1h | 209.43 | −0.099% | $53K | $1.1M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.82 | +0.085% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.62 | −0.008% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.66 | +0.011% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.98 | +0.163% | $1K | $210K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.92 | +0.135% | $966 | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.06 | +0.201% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0021% | 1h | 209.45 | −0.090% | — | $98K | 10x | as long as short |
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Polymarket Perps CBRS-USD
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CBRS-USD | +0.0031% | 1h | 209.60 | −0.018% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRSshort | +0.0032% | 1h | 209.58 | −0.027% | $90K | $842K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.0036% | 1h | 209.68 | +0.020% | $12K | $5K | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 209.76 | +0.058% | $1K | $109K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.81 | +0.082% | $342K | $917K | 10x | as long as short |
| Gate CBRS_USDT | +0.0056% | 8h | 209.80 | +0.077% | $2.9M | $2.9M | 50x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.73 | +0.044% | $114K | $122K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.88 | +0.116% | $25K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.71 | +0.035% | $861 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.73 | +0.042% | $243 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0156% | 8h | 209.70 | +0.030% | $2.0M | $1.9M | 25x | as long as short |
| edgeX CBRSUSDC | +0.0394% | 4h | 209.93 | +0.140% | $24K | $221K | 10x | as long as short |
| Variational Omni CBRS | +0.0407% | 8h | 209.93 | +0.141% | $424K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0431% | 8h | 209.90 | +0.125% | $147K | $71K | 20x | as long as short |
| Binance CBRSUSDTlong | +0.0435% | 8h | 209.64 | long leg | $10.3M | $29.8M | 25x | |
| Extended CBRS_24_5-USD | +0.0440% | 1h | 209.56 | −0.036% | $46K | $270K | 10x | as long as short |
QFEX CBRS-USD
Deribit CBRS_USDC-PERPETUAL
Phoenix CBRS
Ondo Perps CBRS-USD.P
Gate CBRS_USDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Bybit CBRSUSDT
edgeX CBRSUSDC
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD