Funding you earn now, next payment 01:00 UTC+0.0330%/8h= +36.1% APRnext payment +$0.41 per $10,000 · paid last 24h +0.043%
Price spread now: Extended against Phoenix+0.038%88s7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as 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−$1251.250% of the position
Funding, last 7 days+0.189%+$19 on $10k
+Price spread, last 4 days (all we have)−0.361%−$36 · spread now +0.038%, 7d avg +0.030%
=Together, before fees−0.173%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.189% in total (about 9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 209.03 | 0.0038 | pay 0.0005% / 1h | 37m 55s | $1K | $109K | 10x |
| Short | Extended CBRS_24_5-USD | 209.11 | 0.0368 | get 0.0046% / 1h | 37m 55s | $46K | $268K | 10x |
Phoenix CBRS
Extended CBRS_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $69.27
- Price spread: +0.038% → +0.030%
- $0.77
- Slippage, 4 orders
- −$113.04
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$54.99
- Costs to cover
- 1.250%
- Break-even
- 12.6 days
Slippage from Phoenix: live order book, 22 min ago; Extended: live order book, 29 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, 22 min ago | 11.92 bp | 45.3 bp −$45 | 143.8 bp −$1,438 | doesn't fit | doesn't fit |
| Sell Extended live order book, 29 min ago | 2.38 bp | 17.1 bp −$17 | 121.3 bp −$1,213 | 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 | −0.0753% | 4h | 209.35 | +0.154% | $24K | $219K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0341% | 1h | 208.97 | −0.029% | $42.8M | $3.5M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0040% | 1h | 208.44 | −0.282% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.10 | +0.036% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.09 | +0.029% | $2.1M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.16 | +0.062% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.20 | +0.081% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.18 | +0.072% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.20 | +0.080% | $456 | $208K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.37 | +0.163% | $1K | $3.1M | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.13 | +0.048% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.24 | +0.100% | $9K | $9K | 20x | as long as short |
| Polymarket Perps CBRS-USD | +0.0017% | 1h | 208.92 | −0.053% | $53K | $1.1M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.83 | −0.096% | — | $97K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.00 | −0.014% | $90K | $845K | 10x | as long as short |
| QFEX CBRS-USD | +0.0038% | 1h | 209.04 | +0.005% | $1.1M | $3.4M | 10x | as long as short |
| Phoenix CBRSlong | +0.0038% | 1h | 209.03 | long leg | $1K | $109K | 10x | |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.09 | +0.029% | $339K | $891K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.11 | +0.038% | $114K | $121K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.19 | +0.077% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.18 | +0.072% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.20 | +0.082% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0347% | 8h | 209.12 | +0.044% | $423K | $235K | — | as long as short |
| Binance CBRSUSDT | +0.0365% | 8h | 209.16 | +0.062% | $10.2M | $29.6M | 25x | as long as short |
| Extended CBRS_24_5-USDshort | +0.0368% | 1h | 209.11 | +0.038% | $46K | $268K | 10x | |
| BloFin CBRS-USDT | +0.0414% | 8h | 209.37 | +0.163% | $148K | $71K | 20x | as long as short |
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Polymarket Perps CBRS-USD
Vest CBRS-USD-PERP
Lighter CBRS
QFEX CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Binance CBRSUSDT
BloFin CBRS-USDT