Funding you earn now, next payment 08:00 UTC−0.0352%/8h= −38.5% APRpaid last 24h −0.022%
Price spread now: Lighter against Gate−0.189%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$750.753% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.189%, 7d avg −0.091%
=Together, before fees+0.004%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Lighter is 0.098% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% 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 | Gate CBRS_USDT | 206.00 | 0.0384 | pay 0.0384% / 8h | 53m 57s | $2.9M | $3.0M | 50x |
| Short | Lighter CBRS | 205.61 | 0.0032 | get 0.0004% / 1h | 53m 57s | $92K | $908K | 10x |
Gate CBRS_USDT
Lighter CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- −$73.92
- Price spread: −0.189% → −0.091%
- −$9.79
- Slippage, 4 orders
- −$60.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$158.98
- Costs to cover
- 0.753%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Lighter: 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 Gate live order book, 4 min ago | 4.85 bp | 33.0 bp −$33 | 49.3 bp −$493 | 62.1 bp −$6,212 | doesn't fit |
| Sell Lighter live order book, 46 min ago | 0.97 bp | 4.5 bp −$5 | 9.1 bp −$91 | 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 | −0.0525% | 8h | 206.01 | +0.005% | $2.4M | $2.5M | 20x | as long as short |
| edgeX CBRSUSDC | −0.0450% | 4h | 205.95 | −0.022% | $23K | $220K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0226% | 1h | 205.66 | −0.165% | $42.1M | $3.9M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.78 | −0.105% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.88 | −0.058% | $2.2M | $3.4M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.59 | +0.286% | $998 | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.01 | +0.005% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0023% | 1h | 205.69 | −0.150% | — | $108K | 10x | as long as short |
| Lighter CBRSshort | +0.0032% | 1h | 205.61 | −0.189% | $92K | $908K | 10x | |
| Phoenix CBRS | +0.0039% | 1h | 206.07 | +0.034% | $1K | $108K | 10x | as long as short |
Bitget CBRSUSDT
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Phoenix CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CBRS-USD | +0.0050% | 1h | 205.89 | −0.053% | $1.1M | $3.0M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.71 | −0.141% | $50K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.77 | −0.112% | $335K | $716K | 10x | as long as short |
| Variational Omni CBRS | +0.0055% | 8h | 205.91 | −0.045% | $401K | $94K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.71 | −0.141% | $113K | $105K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.86 | −0.068% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.75 | −0.121% | $814 | $1K | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0104% | 1h | 205.84 | −0.079% | $44K | $388K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.72 | −0.135% | $239 | — | 10x | as long as short |
| Binance CBRSUSDT | +0.0105% | 8h | 205.90 | −0.050% | $10.1M | $30.5M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0111% | 8h | 205.97 | −0.015% | $147K | $71K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0181% | 8h | 206.01 | +0.005% | $270 | $218K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0262% | 8h | 205.79 | −0.102% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDTlong | +0.0384% | 8h | 206.00 | long leg | $2.9M | $3.0M | 50x | |
| Coinbase International CBRS-PERP-INTX | +0.0536% | 1h | 210.27 | +2.073% | $115K | $112K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0771% | 1h | 205.85 | −0.073% | $12K | $5K | 10x | as long as short |
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Extended CBRS_24_5-USD
Aevo CBRS-PERP
Binance CBRSUSDT
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Coinbase International CBRS-PERP-INTX
Deribit CBRS_USDC-PERPETUAL