Funding you earn now, next payment 00:00 UTC+0.0392%/8h= +42.9% APRnext payment +$0.49 per $10,000 · paid last 24h +0.016%
Price spread now: Extended against Lighter−0.108%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.108%, 7d avg +0.060%
=Together, before fees+0.205%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.167% cheaper against Lighter than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.060%). If the spread goes back, that is −$17 on $10k: about 34 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.069% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.49 per $10,000. 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 | Lighter CBRS | 209.44 | 0.0080 | pay 0.0010% / 1h | 36m 14s | $90K | $867K | 10x |
| Short | Extended CBRS_24_5-USD | 209.21 | 0.0472 | get 0.0059% / 1h | 36m 14s | $43K | $246K | 10x |
Lighter CBRS
Extended CBRS_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Lighter. 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
- $82.32
- Price spread: −0.108% → +0.060%
- −$16.75
- Slippage, 4 orders
- −$42.88
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $17.69
- Costs to cover
- 0.479%
- Break-even
- 5.5 days
Slippage from Lighter: live order book, 39 min ago; Extended: live order book, 41 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 Lighter live order book, 39 min ago | 0.48 bp | 6.7 bp −$7 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Extended live order book, 41 min ago | 3.11 bp | 19.8 bp −$20 | 185.4 bp −$1,854 | 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 | −0.0777% | 4h | 209.34 | −0.048% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0041% | 1h | 209.12 | −0.153% | $42.8M | $3.5M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.24 | −0.093% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.43 | −0.005% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.36 | −0.038% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.28 | −0.076% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.32 | −0.057% | $1K | $111K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.58 | +0.067% | $1K | $3.3M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.30 | −0.067% | $12K | $4K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.38 | −0.029% | $9K | $6K | 20x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CBRS_USDT | +0.0011% | 8h | 209.40 | −0.019% | $2.9M | $3.1M | 50x | as long as short |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 208.96 | −0.229% | — | $94K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.477% | $114K | $114K | 10x | as long as short |
| QFEX CBRS-USD | +0.0021% | 1h | 209.27 | −0.081% | $1.1M | $3.4M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.13 | −0.148% | $48K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.25 | −0.091% | $343K | $918K | 10x | as long as short |
| Lighter CBRSlong | +0.0080% | 1h | 209.44 | long leg | $90K | $867K | 10x | |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.17 | −0.129% | $143K | $92K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.09 | −0.167% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.32 | −0.057% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.34 | −0.046% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0433% | 8h | 209.31 | −0.064% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0460% | 8h | 209.38 | −0.029% | $146K | $70K | 20x | as long as short |
| Binance CBRSUSDT | +0.0469% | 8h | 209.30 | −0.067% | $10.3M | $30.0M | 25x | as long as short |
| Extended CBRS_24_5-USDshort | +0.0472% | 1h | 209.21 | −0.108% | $43K | $246K | 10x | |
| GRVT CBRS_USDT_Perp | +0.0567% | 8h | 209.42 | −0.010% | $599 | $224K | 10x | as long as short |
Gate CBRS_USDT
Vest CBRS-USD-PERP
Coinbase International CBRS-PERP-INTX
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
BloFin CBRS-USDT
Binance CBRSUSDT
GRVT CBRS_USDT_Perp