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

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%
Price spread now: Bitget against Phoenix+0.043%99s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1341.336% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.163%+$16 on $10k
Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.043%, 7d avg +0.060%
Together, before fees+0.027%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix CBRS208.690get 0.0000% / 1h47m 49s$1K$112K10x
ShortBitget CBRSUSDT208.780get 0.0000% / 8h1h 47m$2.4M$2.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Phoenix. 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
$0
Price spread: +0.043% → +0.060%
−$1.73
Slippage, 4 orders
−$114.56
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$135.29
Costs to cover
1.336%
Break-even
never at this rate
Slippage from Phoenix: live order book, 27 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 27 min ago10.56 bp38.9 bp −$39113.2 bp −$1,132doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago3.83 bp27.2 bp −$2746.4 bp −$46483.1 bp −$8,305doesn't fit

CBRS on 26 venues

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−0.0138%4h208.76+0.035%$24K$220K10xas long as short
tradeXYZ xyz:CBRS−0.0136%1h208.52−0.081%$42.7M$3.6M10xas long as short
Coinbase International CBRS-PERP-INTX−0.0008%1h208.44−0.120%$114K$114K10xas long as short
Aster CBRSUSDT0.0000%8h208.63−0.028%$65K$147K20xas long as short
Bybit CBRSUSDT0.0000%8h208.82+0.062%$2.0M$1.9M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h208.79+0.048%$2.2M$3.6M25xas long as short
Gate CBRS_USDT0.0000%8h208.80+0.053%$2.9M$3.1M50xas long as short
Bitget CBRSUSDTshort0.0000%8h208.78+0.043%$2.4M$2.8M20x
Phoenix CBRSlong0.0000%1h208.69long leg$1K$112K10x
SunX CBRS-USDT0.0000%8h208.97+0.134%$1K$3.4M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit CBRS_USDC-PERPETUAL0.0000%1h208.76+0.034%$12K$52K10xas long as short
HTX CBRS-USDT0.0000%8h208.93+0.115%$9K$6K20xas long as short
Vest CBRS-USD-PERP+0.0023%1h208.70+0.005%$90K10xas long as short
QFEX CBRS-USD+0.0027%1h208.86+0.081%$1.1M$3.3M10xas long as short
Lighter CBRS+0.0032%1h208.71+0.010%$92K$883K10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h208.67−0.010%$31K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h208.70+0.005%$344K$906K10xas long as short
Variational Omni CBRS+0.0080%8h208.75+0.027%$422K$321Kas long as short
KuCoin CBRSUSDTM+0.0100%8h208.75+0.029%$143K$97K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h208.46−0.110%$25K$138K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h208.71+0.010%$857$1K10xas long as short
BloFin CBRS-USDT+0.0102%8h208.92+0.110%$146K$70K20xas long as short
Aevo CBRS-PERP+0.0104%1h208.80+0.051%$24210xas long as short
Extended CBRS_24_5-USD+0.0120%1h208.69−0.001%$43K$246K10xas long as short
Binance CBRSUSDT+0.0123%8h208.72+0.014%$10.3M$30.3M25xas long as short
GRVT CBRS_USDT_Perp+0.0286%8h208.76+0.031%$887$240K10xas long as short