Funding you earn now, next payment 06:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.001%
Price spread now: SunX against Phoenix+0.214%51s7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$238as 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−$2422.422% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.214%, 7d avg +0.163%
=The price spread pays, funding is against you. SunX is 0.051% dearer against Phoenix than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.163%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days. The two prices were read 51 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 | 205.50 | 0.0039 | pay 0.0005% / 1h | 39m 27s | $1K | $108K | 10x |
| Short | SunX CBRS-USDT | 205.94 | 0 | get 0.0000% / 8h | 1h 39m | $1K | $2.9M | 10x |
Phoenix CBRS
SunX CBRS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$8.14
- Price spread: +0.214% → +0.163%
- $5.13
- Slippage, 4 orders
- −$227.15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$245.17
- Costs to cover
- 2.422%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 60 min ago; SunX: live order book, 8 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, 60 min ago | 14.10 bp | 56.7 bp −$57 | 210.5 bp −$2,105 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 29.36 bp | 78.9 bp −$79 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0622% | 8h | 205.77 | +0.131% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0220% | 1h | 205.32 | −0.088% | $42.0M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.62 | +0.060% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.66 | +0.078% | $2.2M | $3.5M | 25x | as long as short |
| SunX CBRS-USDTshort | 0.0000% | 8h | 205.94 | +0.214% | $1K | $2.9M | 10x | |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 205.58 | +0.039% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.72 | +0.107% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0018% | 1h | 205.46 | −0.019% | — | $107K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.61 | +0.054% | $89K | $888K | 10x | as long as short |
| Phoenix CBRSlong | +0.0039% | 1h | 205.50 | long leg | $1K | $108K | 10x |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Deribit CBRS_USDC-PERPETUAL
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 | 205.41 | −0.044% | $50K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.53 | +0.015% | $335K | $714K | 10x | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 205.62 | +0.058% | $1.1M | $3.0M | 10x | as long as short |
| Variational Omni CBRS | +0.0083% | 8h | 205.58 | +0.041% | $416K | $89K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.56 | +0.029% | $114K | $110K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.64 | +0.068% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.60 | +0.049% | $813 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.59 | +0.043% | $238 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0112% | 8h | 205.59 | +0.044% | $147K | $70K | 20x | as long as short |
| Binance CBRSUSDT | +0.0133% | 8h | 205.54 | +0.021% | $10.1M | $30.5M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0136% | 1h | 205.56 | +0.029% | $44K | $389K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0202% | 8h | 205.64 | +0.068% | $942 | $217K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0336% | 8h | 205.64 | +0.068% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0374% | 8h | 205.70 | +0.097% | $2.9M | $3.0M | 50x | as long as short |
| edgeX CBRSUSDC | +0.0488% | 4h | 205.58 | +0.038% | $23K | $220K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0600% | 1h | 210.27 | +2.321% | $115K | $116K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
edgeX CBRSUSDC
Coinbase International CBRS-PERP-INTX