Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.009%
Price spread now: Ondo Perps against Lighter−0.058%7-day average +0.056% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.058%, 7d avg +0.056%
Together, before fees+0.174%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.114% cheaper against Lighter than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.056%). If the spread goes back, that is −$11 on $10k: about 4.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.066% in total) that is about 12 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CBRS207.04−0.0040get 0.0005% / 1h0m 04s$90K$1.2M10x
ShortOndo Perps CBRS-USD.P206.920.0050get 0.0006% / 1h0m 04s$332K$729K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter. 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

Funding earned
$18.98
Price spread: −0.058% → +0.056%
−$11.42
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$2.57
Costs to cover
0.050%
Break-even
6.1 days
Slippage unknown: Lighter: live order book, 4 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago6.28 bp6.3 bp −$67.6 bp −$76doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CBRSUSDC−0.0774%4h207.08+0.017%$23K$222K10xas long as short
tradeXYZ xyz:CBRS−0.0527%1h207.00−0.019%$42.4M$4.1M10xas long as short
Deribit CBRS_USDC-PERPETUAL−0.0329%1h207.13+0.043%$12K$5K10xas long as short
Phoenix CBRS−0.0116%1h206.94−0.048%$1K$109K10xas long as short
Lighter CBRSlong−0.0040%1h207.04long leg$90K$1.2M10x
Aster CBRSUSDT0.0000%8h207.03−0.004%$65K$148K20xas long as short
Bybit CBRSUSDT0.0000%8h207.27+0.111%$2.1M$2.2M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h207.31+0.130%$2.2M$3.4M25xas long as short
Bitget CBRSUSDT0.0000%8h207.24+0.097%$2.3M$2.8M20xas long as short
Variational Omni CBRS0.0000%8h207.12+0.039%$398K$101Kas long as short
Show all 26 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX CBRS-USDT0.0000%8h207.32+0.135%$1K$2.5M10xas long as short
HTX CBRS-USDT0.0000%8h207.23+0.092%$9K$10K20xas long as short
Vest CBRS-USD-PERP+0.0020%1h206.84−0.097%$105K10xas long as short
Binance CBRSUSDT+0.0029%8h207.24+0.097%$10.2M$32.8M25xas long as short
Extended CBRS_24_5-USD+0.0032%1h207.15+0.055%$44K$386K10xas long as short
BloFin CBRS-USDT+0.0046%8h207.17+0.063%$148K$73K20xas long as short
Polymarket Perps CBRS-USD+0.0050%1h207.27+0.111%$51K$465K10xas long as short
Ondo Perps CBRS-USD.Pshort+0.0050%1h206.92−0.058%$332K$729K10x
QFEX CBRS-USD+0.0066%1h207.12+0.039%$1.1M$3.0M10xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h207.21+0.082%$820$2K10xas long as short
KuCoin CBRSUSDTM+0.0100%8h207.14+0.048%$113K$250K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h206.62−0.203%$24K$138K50xas long as short
Aevo CBRS-PERP+0.0104%1h207.08+0.020%$24010xas long as short
Gate CBRS_USDT+0.0343%8h207.50+0.222%$2.9M$3.3M50xas long as short
Coinbase International CBRS-PERP-INTX+0.0400%1h210.27+1.560%$115K$107K10xas long as short
GRVT CBRS_USDT_Perp+0.0474%8h206.93−0.052%$521$226K10xas long as short