Funding you earn now, next payment 06:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.057%
Price spread now: Bybit against Coinbase International−1.869%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)+1.971%+$197 · spread now −1.869%, 7d avg +0.041%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 1.910% cheaper against Coinbase International than usual: you would sell low and buy high (−$191 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
| 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 | 17m 08s | $115K | $116K | 10x |
| Short | Bybit CBRSUSDT | 206.34 | 0.0324 | get 0.0324% / 8h | 1h 17m | $2.1M | $2.0M | 25x |
Coinbase International CBRS-PERP-INTX
Bybit CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$57.99
- Price spread: −1.869% → +0.041%
- −$190.99
- Slippage, 4 orders
- −$46.14
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$316.12
- Costs to cover
- 0.671%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 26 min ago; Bybit: live order book, 4 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, 26 min ago | 5.35 bp | 12.1 bp −$12 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.94 bp | 26.6 bp −$27 | 154.7 bp −$1,547 | 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 | −0.0609% | 8h | 206.43 | −1.826% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0181% | 1h | 206.15 | −1.959% | $42.2M | $4.1M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.30 | −1.890% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.45 | −1.817% | $2.2M | $3.4M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.64 | −1.726% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.29 | −1.893% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 206.09 | −1.988% | — | $108K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 206.09 | −1.988% | $91K | $898K | 10x | as long as short |
| Phoenix CBRS | +0.0039% | 1h | 205.86 | −2.097% | $1K | $108K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.17 | −1.950% | $51K | $1.1M | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Phoenix CBRS
Polymarket Perps CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 206.31 | −1.883% | $336K | $719K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0073% | 4h | 206.16 | −1.955% | $23K | $221K | 10x | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 206.30 | −1.888% | $1.1M | $3.0M | 10x | as long as short |
| Variational Omni CBRS | +0.0095% | 8h | 206.14 | −1.965% | $401K | $100K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.21 | −1.931% | $114K | $108K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.12 | −1.974% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.26 | −1.907% | $816 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.25 | −1.911% | $239 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0115% | 8h | 206.31 | −1.883% | $146K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0142% | 8h | 206.38 | −1.852% | $10.1M | $30.5M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0144% | 1h | 206.33 | −1.874% | $46K | $391K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0217% | 8h | 206.18 | −1.944% | $449 | $217K | 10x | as long as short |
| Bybit CBRSUSDTshort | +0.0324% | 8h | 206.34 | −1.869% | $2.1M | $2.0M | 25x | |
| Gate CBRS_USDT | +0.0385% | 8h | 206.50 | −1.793% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0600% | 1h | 210.27 | long leg | $115K | $116K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.0963% | 1h | 206.31 | −1.883% | $12K | $5K | 10x | as long as short |
Ondo Perps CBRS-USD.P
edgeX CBRSUSDC
QFEX CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL