Funding you earn now, next payment 20:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.045%
Price spread now: Bybit against Phoenix+0.164%45s7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1241.244% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 3 days (all we have)−0.405%−$40 · spread now +0.164%, 7d avg +0.043%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.121% dearer against Phoenix than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.043%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 207.91 | 0 | get 0.0000% / 1h | 30m 40s | $1K | $112K | 10x |
| Short | Bybit CBRSUSDT | 208.25 | 0 | get 0.0000% / 8h | 3h 30m | $2.0M | $1.9M | 25x |
Phoenix CBRS
Bybit CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.164% → +0.043%
- $12.08
- Slippage, 4 orders
- −$106.43
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$112.35
- Costs to cover
- 1.244%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 11 min ago; Bybit: live order book, 2 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, 11 min ago | 11.07 bp | 42.1 bp −$42 | 124.7 bp −$1,247 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.96 bp | 19.1 bp −$19 | 130.1 bp −$1,301 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | −0.0278% | 1h | 208.13 | +0.106% | $12K | $51K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0088% | 1h | 207.96 | +0.024% | $42.6M | $3.6M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 208.25 | +0.163% | $65K | $147K | 20x | as long as short |
| Extended CBRS_24_5-USD | 0.0000% | 1h | 208.19 | +0.133% | $42K | $246K | 10x | as long as short |
| Binance CBRSUSDT | 0.0000% | 8h | 208.20 | +0.140% | $10.2M | $30.4M | 25x | as long as short |
| Bybit CBRSUSDTshort | 0.0000% | 8h | 208.25 | +0.164% | $2.0M | $1.9M | 25x | |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.19 | +0.135% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 208.20 | +0.139% | $2.9M | $3.2M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.17 | +0.125% | $2.4M | $2.9M | 20x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 208.06 | +0.071% | $415K | $316K | — | as long as short |
Deribit CBRS_USDC-PERPETUAL
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
Variational Omni CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 208.15 | +0.115% | $591 | $243K | 10x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 207.91 | long leg | $1K | $112K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 208.42 | +0.245% | $1K | $3.4M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 208.34 | +0.207% | $9K | $6K | 20x | as long as short |
| QFEX CBRS-USD | +0.0008% | 1h | 208.19 | +0.135% | $1.1M | $2.8M | 10x | as long as short |
| BloFin CBRS-USDT | +0.0022% | 8h | 208.16 | +0.120% | $147K | $69K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0024% | 1h | 207.96 | +0.024% | — | $89K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 208.15 | +0.115% | $90K | $903K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.03 | +0.058% | $25K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.11 | +0.096% | $335K | $886K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0096% | 1h | 208.24 | +0.159% | $113K | $114K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0097% | 4h | 208.16 | +0.122% | $23K | $220K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.22 | +0.149% | $142K | $98K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 207.92 | +0.005% | $25K | $135K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 208.15 | +0.115% | $855 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 208.17 | +0.125% | $241 | — | 10x | as long as short |
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
QFEX CBRS-USD
BloFin CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Coinbase International CBRS-PERP-INTX
edgeX CBRSUSDC
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP