Funding you earn now, next payment 23:00 UTC+0.0446%/8h= +48.8% APRpaid last 24h −0.024%
Price spread now: Binance against Coinbase International+0.437%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 2 days (all we have)−0.342%−$34 · spread now +0.437%, 7d avg +0.095%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.341% dearer against Coinbase International than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.095%. Mind the row above: over the last 7 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.153% in total (about -8.0% 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 | Coinbase International CBRS-PERP-INTX | 208.44 | 0.0016 | pay 0.0002% / 1h | 39m 17s | $114K | $114K | 10x |
| Short | Binance CBRSUSDT | 209.35 | 0.0462 | get 0.0462% / 8h | 39m 17s | $10.3M | $30.0M | 25x |
Coinbase International CBRS-PERP-INTX
Binance CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- $93.62
- Price spread: +0.437% → +0.095%
- $34.14
- Slippage, 4 orders
- −$22.95
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $84.81
- Costs to cover
- 0.430%
- Break-even
- 0.7 days
Slippage from Coinbase International: live order book, 38 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 Coinbase International live order book, 38 min ago | 5.26 bp | 11.2 bp −$11 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.24 bp | 9.0 bp −$9 | 27.7 bp −$277 | 104.5 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 209.27 | +0.397% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.48 | +0.499% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.42 | +0.470% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.37 | +0.446% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.32 | +0.422% | $1K | $111K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.61 | +0.561% | $1K | $3.3M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.35 | +0.437% | $12K | $4K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.44 | +0.480% | $9K | $6K | 20x | as long as short |
| tradeXYZ xyz:CBRS | +0.0001% | 1h | 209.17 | +0.350% | $42.8M | $3.5M | 10x | as long as short |
| Gate CBRS_USDT | +0.0006% | 8h | 209.50 | +0.509% | $2.9M | $3.1M | 50x | as long as short |
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
tradeXYZ xyz:CBRS
Gate CBRS_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTXlong | +0.0016% | 1h | 208.44 | long leg | $114K | $114K | 10x | |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 208.95 | +0.245% | — | $94K | 10x | as long as short |
| QFEX CBRS-USD | +0.0021% | 1h | 209.28 | +0.403% | $1.1M | $3.4M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.20 | +0.365% | $48K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.28 | +0.403% | $347K | $914K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.18 | +0.355% | $143K | $92K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.08 | +0.307% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.34 | +0.432% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.38 | +0.449% | $243 | — | 10x | as long as short |
| Lighter CBRS | +0.0128% | 1h | 209.45 | +0.485% | $90K | $867K | 10x | as long as short |
| Variational Omni CBRS | +0.0420% | 8h | 209.38 | +0.453% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0445% | 8h | 209.38 | +0.451% | $146K | $70K | 20x | as long as short |
| Binance CBRSUSDTshort | +0.0462% | 8h | 209.35 | +0.437% | $10.3M | $30.0M | 25x | |
| Extended CBRS_24_5-USD | +0.0464% | 1h | 209.32 | +0.424% | $43K | $246K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0567% | 8h | 209.42 | +0.470% | $599 | $224K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0883% | 4h | 209.35 | +0.437% | $24K | $221K | 10x | as long as short |
Vest CBRS-USD-PERP
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Lighter CBRS
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
edgeX CBRSUSDC