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: Phoenix against QFEX−0.078%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$131as 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 | QFEX CBRS-USD | 205.99 | 0.0080 | pay 0.0010% / 1h | 50m 57s | $1.1M | $3.0M | 10x |
| Short | Phoenix CBRS | 205.83 | 0.0039 | get 0.0005% / 1h | 50m 57s | $1K | $108K | 10x |
QFEX CBRS-USD
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against QFEX. 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%
- −$1.73
- Slippage, 4 orders
- −$112.24
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$139.63
- Costs to cover
- 1.292%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 7 min ago; Phoenix: live order book, 49 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 QFEX live order book, 7 min ago | 1.45 bp | 6.9 bp −$7 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 49 min ago | 14.10 bp | 58.7 bp −$59 | 187.9 bp −$1,879 | 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 | +0.046% | $23K | $220K | 10x | as long as short |
| Bitget CBRSUSDT | −0.0538% | 8h | 206.16 | +0.083% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0021% | 1h | 205.74 | −0.121% | $42.1M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.14 | +0.073% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.10 | +0.053% | $2.2M | $3.5M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.44 | +0.218% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.18 | +0.092% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0017% | 1h | 205.59 | −0.194% | — | $107K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.95 | −0.019% | $90K | $875K | 10x | as long as short |
| Phoenix CBRSshort | +0.0039% | 1h | 205.83 | −0.078% | $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 | −0.102% | $51K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.92 | −0.034% | $335K | $716K | 10x | as long as short |
| QFEX CBRS-USDlong | +0.0080% | 1h | 205.99 | long leg | $1.1M | $3.0M | 10x | |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.96 | −0.015% | $114K | $110K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.82 | −0.083% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.03 | +0.019% | $815 | $1K | 10x | as long as short |
| Variational Omni CBRS | +0.0103% | 8h | 206.42 | +0.211% | $417K | $93K | — | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.03 | +0.018% | $239 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0137% | 8h | 206.11 | +0.058% | $146K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0151% | 8h | 206.09 | +0.047% | $10.1M | $30.5M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0152% | 1h | 206.02 | +0.017% | $44K | $389K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0212% | 8h | 206.13 | +0.067% | $247 | $215K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0236% | 1h | 206.02 | +0.015% | $12K | $5K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0360% | 8h | 206.10 | +0.053% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0368% | 8h | 206.20 | +0.102% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0600% | 1h | 210.27 | +2.078% | $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