Funding you earn now, next payment 02:00 UTC−0.0749%/8h= −82.0% APRpaid last 24h +0.123%
Price spread now: Phoenix against edgeX−0.133%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1191.194% of the position
Funding, last 7 days+0.270%+$27 on $10k
+Price spread, last 4 days (all we have)+0.368%+$37 · spread now −0.133%, 7d avg −0.048%
=Together, before fees+0.639%+ Points / potential airdropedgeX: Active · farm board+$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Phoenix is 0.085% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.048%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.270%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.270% in total (about 14.1% 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 | edgeX CBRSUSDC | 210.23 | 0.0749 | pay 0.0374% / 4h | 1h 02m | $24K | $220K | 10x |
| Short | Phoenix CBRS | 209.95 | 0 | get 0.0000% / 1h | 2m 10s | $1K | $108K | 10x |
edgeX CBRSUSDC
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- −$157.24
- Price spread: −0.133% → −0.048%
- −$8.5
- Slippage, 4 orders
- −$103.39
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$285.13
- Costs to cover
- 1.194%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 60 min ago; Phoenix: live order book, 53 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 edgeX live order book, 60 min ago | 5.50 bp | 10.3 bp −$10 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 53 min ago | 12.43 bp | 50.2 bp −$50 | 140.0 bp −$1,400 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | −0.0056% | 1h | 210.27 | +0.019% | $115K | $116K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 210.12 | −0.051% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.24 | +0.005% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 210.11 | −0.057% | $2.4M | $2.7M | 20x | as long as short |
| Phoenix CBRSshort | 0.0000% | 1h | 209.95 | −0.133% | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 210.29 | +0.029% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.21 | −0.009% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.70 | −0.252% | — | $94K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0023% | 8h | 210.23 | 0.000% | $511 | $205K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 210.00 | −0.109% | $90K | $833K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
GRVT CBRS_USDT_Perp
Lighter CBRSShow 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 | 210.06 | −0.081% | $54K | $1.1M | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 210.06 | −0.081% | $1.1M | $3.2M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0080% | 1h | 210.12 | −0.052% | $341K | $734K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 210.03 | −0.095% | $115K | $115K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.98 | −0.119% | $25K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 210.12 | −0.052% | $863 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 210.17 | −0.029% | $244 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0179% | 1h | 210.11 | −0.057% | $12K | $5K | 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 | +0.0264% | 1h | 210.08 | −0.073% | $45K | $262K | 10x | as long as short |
| Binance CBRSUSDT | +0.0267% | 8h | 210.10 | −0.064% | $10.3M | $29.4M | 25x | as long as short |
| Bybit CBRSUSDT | +0.0274% | 8h | 210.24 | +0.005% | $2.1M | $1.9M | 25x | as long as short |
| Gate CBRS_USDT | +0.0284% | 8h | 210.30 | +0.033% | $2.9M | $3.0M | 50x | as long as short |
| BloFin CBRS-USDT | +0.0284% | 8h | 210.07 | −0.076% | $105K | $69K | 20x | as long as short |
| edgeX CBRSUSDClong | +0.0749% | 4h | 210.23 | long leg | $24K | $220K | 10x |
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
QFEX CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Deribit CBRS_USDC-PERPETUAL
Variational Omni CBRS
Extended CBRS_24_5-USD
Binance CBRSUSDT
Bybit CBRSUSDT
Gate CBRS_USDT
BloFin CBRS-USDT