Funding you earn now, next payment 00:00 UTC+0.0259%/8h= +28.4% APRnext payment +$2.59 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against Bybit−0.019%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$650.648% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 2 days (all we have)−0.026%−$3 · spread now −0.019%, 7d avg +0.008%
=Funding pays, the price is against you. Binance is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.008%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.077% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.59 per $10,000. 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 | Bybit CBRSUSDT | 209.34 | 0 | get 0.0000% / 8h | 1h 24m | $2.0M | $1.9M | 25x |
| Short | Binance CBRSUSDT | 209.30 | 0.0259 | get 0.0259% / 8h | 1h 24m | $10.3M | $30.2M | 25x |
Bybit CBRSUSDT
Binance CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $54.44
- Price spread: −0.019% → +0.008%
- −$2.63
- Slippage, 4 orders
- −$43.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$13.01
- Costs to cover
- 0.648%
- Break-even
- 8.7 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 2 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 Bybit live order book, 3 min ago | 2.63 bp | 21.3 bp −$21 | 117.1 bp −$1,171 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.43 bp | 11.1 bp −$11 | 30.3 bp −$303 | 104.0 bp −$10.4K | 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 | −0.0035% | 1h | 209.12 | −0.105% | $42.8M | $3.6M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0008% | 1h | 208.44 | −0.430% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.08 | −0.124% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDTlong | 0.0000% | 8h | 209.34 | long leg | $2.0M | $1.9M | 25x | |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.29 | −0.024% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.40 | +0.029% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.25 | −0.043% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.17 | −0.081% | $1K | $112K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.52 | +0.086% | $838 | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.49 | +0.072% | $9K | $6K | 20x | as long as short |
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0021% | 1h | 208.94 | −0.191% | — | $90K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 209.26 | −0.038% | $1.1M | $3.3M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.33 | −0.005% | $90K | $894K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.17 | −0.081% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.25 | −0.043% | $349K | $910K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.11 | −0.110% | $143K | $96K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.85 | −0.234% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.29 | −0.024% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.37 | +0.015% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0209% | 8h | 209.39 | +0.026% | $422K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0244% | 8h | 209.26 | −0.038% | $146K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0256% | 1h | 209.26 | −0.038% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDTshort | +0.0259% | 8h | 209.30 | −0.019% | $10.3M | $30.2M | 25x | |
| edgeX CBRSUSDC | +0.0294% | 4h | 209.34 | 0.000% | $24K | $219K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0396% | 8h | 209.34 | −0.002% | $682 | $233K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0706% | 1h | 209.36 | +0.010% | $12K | $28K | 10x | as long as short |
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
edgeX CBRSUSDC
GRVT CBRS_USDT_Perp
Deribit CBRS_USDC-PERPETUAL