Funding you earn now, next payment 06:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h +0.008%
Price spread now: QFEX against Phoenix+0.078%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1291.292% of the position
Funding, last 4 days (all we have)+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.078%, 7d avg +0.060%
=The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CBRS | 205.83 | 0.0039 | pay 0.0005% / 1h | 50m 59s | $1K | $108K | 10x |
| Short | QFEX CBRS-USD | 205.99 | 0.0080 | get 0.0010% / 1h | 50m 59s | $1.1M | $3.0M | 10x |
Phoenix CBRS
QFEX CBRS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $8.66
- Price spread: +0.078% → +0.060%
- $1.74
- Slippage, 4 orders
- −$112.24
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$118.85
- Costs to cover
- 1.292%
- Break-even
- 103.1 days
Slippage from Phoenix: live order book, 49 min ago; QFEX: live order book, 7 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, 49 min ago | 14.10 bp | 56.7 bp −$57 | 210.5 bp −$2,105 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.45 bp | 6.8 bp −$7 | 17.1 bp −$171 | 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 | −0.0565% | 4h | 206.08 | +0.124% | $23K | $220K | 10x | as long as short |
| Bitget CBRSUSDT | −0.0538% | 8h | 206.16 | +0.160% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0021% | 1h | 205.74 | −0.044% | $42.1M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.14 | +0.151% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.10 | +0.131% | $2.2M | $3.5M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.44 | +0.296% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.18 | +0.170% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0017% | 1h | 205.59 | −0.117% | — | $107K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.95 | +0.058% | $90K | $875K | 10x | as long as short |
| Phoenix CBRSlong | +0.0039% | 1h | 205.83 | long leg | $1K | $108K | 10x |
edgeX CBRSUSDC
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.78 | −0.024% | $51K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.92 | +0.044% | $335K | $716K | 10x | as long as short |
| QFEX CBRS-USDshort | +0.0080% | 1h | 205.99 | +0.078% | $1.1M | $3.0M | 10x | |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.96 | +0.063% | $114K | $110K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.82 | −0.005% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.03 | +0.097% | $815 | $1K | 10x | as long as short |
| Variational Omni CBRS | +0.0103% | 8h | 206.42 | +0.289% | $417K | $93K | — | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.03 | +0.096% | $239 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0137% | 8h | 206.11 | +0.136% | $146K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0151% | 8h | 206.09 | +0.125% | $10.1M | $30.5M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0152% | 1h | 206.02 | +0.095% | $44K | $389K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0212% | 8h | 206.13 | +0.145% | $247 | $215K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0236% | 1h | 206.02 | +0.092% | $12K | $5K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0360% | 8h | 206.10 | +0.131% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0368% | 8h | 206.20 | +0.180% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0600% | 1h | 210.27 | +2.157% | $115K | $116K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Variational Omni CBRS
Aevo CBRS-PERP
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
Deribit CBRS_USDC-PERPETUAL
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX