Funding you earn now, next payment 06:00 UTC−0.0437%/8h= −47.9% APRpaid last 24h +0.022%
Price spread now: BloFin against Coinbase International−2.192%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)+2.274%+$227 · spread now −2.192%, 7d avg +0.057%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BloFin is 2.249% cheaper against Coinbase International than usual: you would sell low and buy high (−$225 if the spread goes back to its 7-day average of +0.057%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.4% 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 | 210.27 | 0.0600 | pay 0.0075% / 1h | 38m 35s | $115K | $116K | 10x |
| Short | BloFin CBRS-USDT | 205.66 | 0.0163 | get 0.0163% / 8h | 1h 38m | $147K | $70K | 20x |
Coinbase International CBRS-PERP-INTX
BloFin CBRS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$91.81
- Price spread: −2.192% → +0.057%
- −$224.94
- Slippage, 4 orders
- −$26.23
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$364.98
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; BloFin: live order book, 36 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, 4 min ago | 5.35 bp | 12.1 bp −$12 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 36 min ago | 1.21 bp | 14.8 bp −$15 | 34.8 bp −$348 | 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 | −0.0628% | 8h | 205.82 | −2.116% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0232% | 1h | 205.34 | −2.345% | $42.0M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.80 | −2.125% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.67 | −2.188% | $2.2M | $3.5M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 205.90 | −2.078% | $2K | $2.9M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 205.54 | −2.249% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.72 | −2.164% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0018% | 1h | 205.46 | −2.288% | — | $107K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.59 | −2.226% | $89K | $888K | 10x | as long as short |
| Phoenix CBRS | +0.0039% | 1h | 205.50 | −2.269% | $1K | $108K | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Phoenix CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.41 | −2.311% | $50K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.52 | −2.259% | $335K | $716K | 10x | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 205.59 | −2.226% | $1.1M | $3.0M | 10x | as long as short |
| Variational Omni CBRS | +0.0083% | 8h | 205.58 | −2.229% | $416K | $89K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.62 | −2.211% | $114K | $110K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.64 | −2.202% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.56 | −2.240% | $813 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.57 | −2.234% | $238 | — | 10x | as long as short |
| Binance CBRSUSDT | +0.0131% | 8h | 205.71 | −2.170% | $10.1M | $30.5M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0136% | 1h | 205.60 | −2.221% | $44K | $389K | 10x | as long as short |
| BloFin CBRS-USDTshort | +0.0163% | 8h | 205.66 | −2.192% | $147K | $70K | 20x | |
| GRVT CBRS_USDT_Perp | +0.0202% | 8h | 205.64 | −2.202% | $942 | $217K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0333% | 8h | 205.71 | −2.169% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0374% | 8h | 205.80 | −2.126% | $2.9M | $3.0M | 50x | as long as short |
| edgeX CBRSUSDC | +0.0488% | 4h | 205.58 | −2.232% | $23K | $220K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0600% | 1h | 210.27 | long leg | $115K | $116K | 10x |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
edgeX CBRSUSDC