Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.031%
Price spread now: KuCoin against Phoenix+0.120%48s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$468as 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−$4984.975% of the position
Funding, last 7 days+0.296%+$30 on $10k
+Price spread, last 4 days (all we have)−0.420%−$42 · spread now +0.120%, 7d avg +0.034%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.086% dearer against Phoenix than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.034%. The two prices were read 48 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 | 209.05 | 0 | get 0.0000% / 1h | 48m 48s | $1K | $108K | 10x |
| Short | KuCoin CBRSUSDTM | 209.30 | 0.0100 | get 0.0100% / 8h | 5h 48m | $114K | $118K | 20x |
Phoenix CBRS
KuCoin CBRSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.120% → +0.034%
- $8.58
- Slippage, 4 orders
- −$478.51
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$467.93
- Costs to cover
- 4.975%
- Break-even
- 163.0 days
Slippage from Phoenix: live order book, 6 min ago; KuCoin: live order book, 40 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, 6 min ago | 12.43 bp | 48.5 bp −$48 | 162.0 bp −$1,620 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 40 min ago | 13.15 bp | 208.9 bp −$209 | doesn't fit | doesn't fit | doesn't fit |
CBRS on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | −0.0056% | 1h | 208.44 | −0.292% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.22 | +0.083% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.34 | +0.139% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.30 | +0.120% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.27 | +0.104% | $523 | $205K | 10x | as long as short |
| Phoenix CBRSlong | 0.0000% | 1h | 209.05 | long leg | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 209.51 | +0.220% | $957 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.47 | +0.201% | $9K | $9K | 20x | as long as short |
| tradeXYZ xyz:CBRS | +0.0012% | 1h | 209.12 | +0.033% | $42.8M | $3.5M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 209.07 | +0.010% | — | $94K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
tradeXYZ xyz:CBRS
Vest CBRS-USD-PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 209.23 | +0.086% | $90K | $826K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.24 | +0.091% | $55K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.32 | +0.129% | $339K | $737K | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 209.32 | +0.129% | $1.1M | $3.3M | 10x | as long as short |
| Bybit CBRSUSDT | +0.0089% | 8h | 209.37 | +0.153% | $2.1M | $1.9M | 25x | as long as short |
| KuCoin CBRSUSDTMshort | +0.0100% | 8h | 209.30 | +0.120% | $114K | $118K | 20x | |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.04 | −0.005% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.36 | +0.148% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.40 | +0.167% | $243 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0119% | 8h | 209.50 | +0.215% | $2.9M | $3.0M | 50x | as long as short |
| Variational Omni CBRS | +0.0253% | 8h | 209.22 | +0.081% | $423K | $118K | — | as long as short |
| Binance CBRSUSDT | +0.0287% | 8h | 209.26 | +0.102% | $10.3M | $29.4M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0288% | 1h | 209.20 | +0.072% | $46K | $268K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0322% | 4h | 209.17 | +0.056% | $24K | $220K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0993% | 1h | 209.38 | +0.158% | $12K | $5K | 10x | as long as short |
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
Bybit CBRSUSDT
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Gate CBRS_USDT
Variational Omni CBRS
Binance CBRSUSDT
Extended CBRS_24_5-USD
edgeX CBRSUSDC
Deribit CBRS_USDC-PERPETUAL