Funding you earn now, next payment 05:00 UTC+0.0969%/8h= +106.1% APRnext payment +$1.21 per $10,000 · paid last 24h +0.114%
Price spread now: Deribit against Phoenix−0.019%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$29 a day on $10k at the current rate. The two prices were read 70 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 | 205.36 | 0 | get 0.0000% / 1h | 25m 40s | $1K | $108K | 10x |
| Short | Deribit CBRS_USDC-PERPETUAL | 205.32 | 0.0969 | get 0.0121% / 1h | 25m 40s | $12K | $5K | 10x |
Phoenix CBRS
Deribit CBRS_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $203.51
- Price spread: −0.019% → 0.000%
- −$1.95
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $187.56
- Costs to cover
- 0.140%
- Break-even
- 0.5 days
Slippage unknown: Phoenix: live order book, 14 min ago; Deribit: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix live order book, 14 min ago | 14.10 bp | 56.7 bp −$57 | 210.5 bp −$2,105 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 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 | −0.0900% | 4h | 205.36 | 0.000% | $23K | $220K | 10x | as long as short |
| Bitget CBRSUSDT | −0.0639% | 8h | 205.44 | +0.039% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0233% | 1h | 205.08 | −0.136% | $41.9M | $3.9M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.57 | +0.101% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.62 | +0.127% | $2.2M | $3.5M | 25x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 205.36 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 205.70 | +0.166% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.66 | +0.146% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0014% | 1h | 204.95 | −0.200% | — | $105K | 10x | as long as short |
| QFEX CBRS-USD | +0.0024% | 1h | 205.34 | −0.010% | $1.1M | $3.1M | 10x | as long as short |
edgeX CBRSUSDC
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0048% | 1h | 205.16 | −0.097% | $89K | $880K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.18 | −0.088% | $50K | $1.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0063% | 8h | 205.38 | +0.008% | $400K | $85K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.34 | −0.010% | $114K | $111K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.40 | +0.019% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.38 | +0.010% | $812 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.38 | +0.009% | $238 | — | 10x | as long as short |
| Binance CBRSUSDT | +0.0126% | 8h | 205.47 | +0.054% | $10.0M | $30.3M | 25x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0127% | 1h | 205.55 | +0.093% | $334K | $714K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0128% | 8h | 205.43 | +0.034% | $147K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0128% | 1h | 205.37 | +0.006% | $46K | $387K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0151% | 8h | 205.65 | +0.141% | $512 | $212K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0277% | 8h | 205.41 | +0.024% | $2.0M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0343% | 8h | 205.50 | +0.068% | $2.8M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0464% | 1h | 210.27 | +2.391% | $115K | $116K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUALshort | +0.0969% | 1h | 205.32 | −0.019% | $12K | $5K | 10x |
Lighter CBRS
Polymarket Perps CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Binance CBRSUSDT
Ondo Perps CBRS-USD.P
BloFin CBRS-USDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX