Funding arb · Price arb /

CBRS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.086%

Price spread now: Deribit against Gate−0.087%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Deribit

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

Funding pays, the price is against you. Deribit is 0.087% cheaper against Gate than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 37 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CBRS_USDT	206.40	0.0385	pay 0.0385% / 8h	1h 18m	$2.9M	$3.0M	50x
Short	Deribit CBRS_USDC-PERPETUAL	206.22	0.0575	get 0.0072% / 1h	18m 02s	$12K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now −0.087%Rate

Funding earned: $39.91
Price spread: −0.087% → 0.000%: −$8.72
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $9.19
Costs to cover: 0.220%
Break-even: 5.4 days

Slippage unknown: Gate: live order book, 5 min ago; Deribit: no order-book sample. 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 Gate live order book, 5 min ago	2.42 bp	39.5 bp −$40	47.7 bp −$477	58.9 bp −$5,885	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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
Bitget CBRSUSDT	−0.0617%	8h	206.40	0.000%	$2.4M	$2.4M	20x	as long as short
tradeXYZ xyz:CBRS	−0.0181%	1h	206.04	−0.174%	$42.2M	$4.1M	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	206.31	−0.042%	$65K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	206.41	+0.005%	$2.2M	$3.4M	25x	as long as short
SunX CBRS-USDT	0.0000%	8h	206.42	+0.010%	$1K	$2.8M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	206.29	−0.053%	$9K	$10K	20x	as long as short
Vest CBRS-USD-PERP	+0.0020%	1h	206.06	−0.165%	—	$108K	10x	as long as short
Lighter CBRS	+0.0032%	1h	206.09	−0.150%	$91K	$898K	10x	as long as short
Phoenix CBRS	+0.0039%	1h	205.86	−0.262%	$1K	$108K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	206.05	−0.170%	$51K	$1.1M	10x	as long as short

Show 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	206.24	−0.078%	$336K	$719K	10x	as long as short
QFEX CBRS-USD	+0.0080%	1h	206.28	−0.058%	$1.1M	$3.0M	10x	as long as short
Variational Omni CBRS	+0.0095%	8h	206.14	−0.126%	$401K	$100K	—	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	206.18	−0.107%	$114K	$109K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	206.12	−0.136%	$24K	$139K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	206.27	−0.063%	$816	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	206.26	−0.068%	$239	—	10x	as long as short
Binance CBRSUSDT	+0.0142%	8h	206.35	−0.024%	$10.1M	$30.5M	25x	as long as short
Extended CBRS_24_5-USD	+0.0144%	1h	206.30	−0.049%	$46K	$391K	10x	as long as short
BloFin CBRS-USDT	+0.0176%	8h	206.23	−0.082%	$147K	$71K	20x	as long as short
GRVT CBRS_USDT_Perp	+0.0220%	8h	206.20	−0.097%	$450	$217K	10x	as long as short
Bybit CBRSUSDT	+0.0326%	8h	206.21	−0.092%	$2.1M	$2.0M	25x	as long as short
Gate CBRS_USDTlong	+0.0385%	8h	206.40	long leg	$2.9M	$3.0M	50x
Deribit CBRS_USDC-PERPETUALshort	+0.0575%	1h	206.22	−0.087%	$12K	$5K	10x
Coinbase International CBRS-PERP-INTX	+0.0600%	1h	210.27	+1.875%	$115K	$116K	10x	as long as short
edgeX CBRSUSDC	+0.0858%	4h	206.18	−0.108%	$23K	$221K	10x	as long as short