Funding you earn now, next payment 04:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h 0.000%
Price spread now: Extended against Coinbase International−1.622%56s7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.520% of the position
Funding, last 7 days−0.185%−$18 on $10k
+Price spread, last 4 days (all we have)+1.685%+$168 · spread now −1.622%, 7d avg +0.068%
=Together, before fees+1.500%+ Points / potential airdropExtended: Active · farm board+$150 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Extended is 1.690% cheaper against Coinbase International than usual: you would sell low and buy high (−$169 if the spread goes back to its 7-day average of +0.068%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0288 | pay 0.0036% / 1h | 6m 24s | $115K | $116K | 10x |
| Short | Extended CBRS_24_5-USD | 206.86 | 0.0136 | get 0.0017% / 1h | 6m 24s | $44K | $317K | 10x |
Coinbase International CBRS-PERP-INTX
Extended CBRS_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$31.92
- Price spread: −1.622% → +0.068%
- −$168.99
- Slippage, 4 orders
- −$37.03
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$252.94
- Costs to cover
- 0.520%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 46 min ago; Extended: live order book, 46 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, 46 min ago | 3.58 bp | 9.0 bp −$9 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell Extended live order book, 46 min ago | 2.87 bp | 16.4 bp −$16 | 197.9 bp −$1,979 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0500% | 4h | 206.59 | −1.751% | $23K | $220K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0347% | 1h | 206.76 | −1.669% | $42.3M | $3.8M | 10x | as long as short |
| Bitget CBRSUSDT | −0.0172% | 8h | 206.99 | −1.560% | $2.4M | $2.4M | 20x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.77 | −1.666% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.05 | −1.531% | $2.2M | $3.5M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 207.27 | −1.427% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.67 | −1.712% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0017% | 1h | 206.58 | −1.755% | — | $103K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 206.84 | −1.631% | $89K | $870K | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 206.37 | −1.855% | $1K | $108K | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Bitget CBRSUSDT
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
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 | 206.73 | −1.684% | $51K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0052% | 1h | 206.73 | −1.684% | $336K | $713K | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 206.68 | −1.707% | $1.1M | $3.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0065% | 8h | 206.56 | −1.764% | $417K | $81K | — | as long as short |
| GRVT CBRS_USDT_Perp | +0.0090% | 8h | 206.59 | −1.750% | $1K | $211K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.67 | −1.712% | $115K | $112K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.67 | −1.712% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.84 | −1.631% | $818 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.88 | −1.614% | $240 | — | 10x | as long as short |
| Binance CBRSUSDT | +0.0132% | 8h | 206.89 | −1.607% | $10.1M | $29.8M | 25x | as long as short |
| Extended CBRS_24_5-USDshort | +0.0136% | 1h | 206.86 | −1.622% | $44K | $317K | 10x | |
| BloFin CBRS-USDT | +0.0164% | 8h | 206.55 | −1.769% | $147K | $69K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0288% | 1h | 210.27 | long leg | $115K | $116K | 10x | |
| Bybit CBRSUSDT | +0.0333% | 8h | 206.85 | −1.626% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0338% | 8h | 207.10 | −1.508% | $2.8M | $3.0M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1008% | 1h | 206.89 | −1.607% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
Variational Omni CBRS
GRVT CBRS_USDT_Perp
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
BloFin CBRS-USDT
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL