Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h +0.003%
Price spread now: Aster against Phoenix+0.107%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1411.412% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.107%, 7d avg +0.047%
=Together, before fees−0.120%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.060% dearer against Phoenix than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.047%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 209.78 | 0.0038 | pay 0.0005% / 1h | 50m 57s | $1K | $111K | 10x |
| Short | Aster CBRSUSDT | 210.00 | 0 | get 0.0000% / 8h | 7h 50m | $66K | $147K | 20x |
Phoenix CBRS
Aster CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$8.01
- Price spread: +0.107% → +0.047%
- $5.98
- Slippage, 4 orders
- −$126.19
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$143.22
- Costs to cover
- 1.412%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 14 min ago; Aster: live order book, 20 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 Phoenix live order book, 14 min ago | 11.46 bp | 43.9 bp −$44 | 135.1 bp −$1,351 | doesn't fit | doesn't fit |
| Sell Aster live order book, 20 min ago | 6.44 bp | 24.6 bp −$25 | 59.8 bp −$598 | 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 | −0.0681% | 4h | 209.88 | +0.047% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0009% | 1h | 209.93 | +0.072% | $43.0M | $3.6M | 10x | as long as short |
| Aster CBRSUSDTshort | 0.0000% | 8h | 210.00 | +0.107% | $66K | $147K | 20x | |
| Bybit CBRSUSDT | 0.0000% | 8h | 210.10 | +0.153% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.19 | +0.195% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 210.10 | +0.153% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 210.10 | +0.153% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.91 | +0.063% | $359 | $218K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.39 | +0.291% | $1K | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.94 | +0.076% | $9K | $6K | 20x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | +0.0024% | 1h | 208.44 | −0.639% | $114K | $114K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0028% | 1h | 209.62 | −0.076% | — | $98K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 210.07 | +0.138% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.99 | +0.100% | $91K | $843K | 10x | as long as short |
| Phoenix CBRSlong | +0.0038% | 1h | 209.78 | long leg | $1K | $111K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 210.02 | +0.114% | $54K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.90 | +0.057% | $347K | $918K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.93 | +0.072% | $143K | $90K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.93 | +0.072% | $25K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 210.02 | +0.114% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.97 | +0.092% | $244 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0179% | 1h | 210.10 | +0.153% | $12K | $5K | 10x | as long as short |
| Variational Omni CBRS | +0.0486% | 8h | 210.13 | +0.166% | $425K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0497% | 8h | 210.05 | +0.129% | $146K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0517% | 8h | 210.16 | +0.180% | $10.3M | $29.8M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0520% | 1h | 210.09 | +0.148% | $44K | $251K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
Polymarket Perps 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
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD