Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0478%/8h= −52.3% APRpaid last 24h −0.101%

Price spread now: Bybit against Deribit+0.043%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bybit is 0.043% dearer against Deribit than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CBRS_USDC-PERPETUAL	210.23	0.0750	pay 0.0094% / 1h	4m 03s	$12K	$5K	10x
Short	Bybit CBRSUSDT	210.32	0.0272	get 0.0272% / 8h	5h 04m	$2.1M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BybitbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$100.29
Price spread: +0.043% → 0.000%: $4.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$114
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	1.66 bp	16.0 bp −$16	130.5 bp −$1,305	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Coinbase International CBRS-PERP-INTX	−0.0056%	1h	210.27	+0.019%	$115K	$116K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	210.14	−0.041%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	210.28	+0.024%	$2.2M	$3.5M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	210.14	−0.043%	$2.4M	$2.7M	20x	as long as short
Phoenix CBRS	0.0000%	1h	209.95	−0.133%	$1K	$108K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	210.49	+0.124%	$989	$3.0M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	210.28	+0.024%	$9K	$9K	20x	as long as short
GRVT CBRS_USDT_Perp	+0.0016%	8h	210.12	−0.052%	$574	$205K	10x	as long as short
Vest CBRS-USD-PERP	+0.0022%	1h	209.69	−0.257%	—	$94K	10x	as long as short
Lighter CBRS	+0.0032%	1h	210.00	−0.109%	$90K	$831K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CBRS	+0.0050%	1h	209.88	−0.166%	$43.0M	$3.5M	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	210.16	−0.033%	$55K	$1.1M	10x	as long as short
QFEX CBRS-USD	+0.0051%	1h	210.16	−0.033%	$1.1M	$3.3M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0087%	1h	210.12	−0.052%	$341K	$734K	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	210.06	−0.081%	$115K	$115K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.89	−0.162%	$25K	$139K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	210.15	−0.038%	$863	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	210.21	−0.010%	$244	—	10x	as long as short
Variational Omni CBRS	+0.0227%	8h	210.15	−0.036%	$425K	$107K	—	as long as short
Extended CBRS_24_5-USD	+0.0272%	1h	210.09	−0.068%	$45K	$262K	10x	as long as short
Binance CBRSUSDT	+0.0272%	8h	210.14	−0.043%	$10.3M	$29.4M	25x	as long as short
BloFin CBRS-USDT	+0.0272%	8h	210.28	+0.024%	$105K	$69K	20x	as long as short
Bybit CBRSUSDTshort	+0.0272%	8h	210.32	+0.043%	$2.1M	$1.9M	25x
Gate CBRS_USDT	+0.0286%	8h	210.30	+0.033%	$2.9M	$3.0M	50x	as long as short
edgeX CBRSUSDC	+0.0712%	4h	210.19	−0.017%	$24K	$220K	10x	as long as short
Deribit CBRS_USDC-PERPETUALlong	+0.0750%	1h	210.23	long leg	$12K	$5K	10x