Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Phoenix against SunX−0.231%69s7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as 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−$2082.081% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.231%, 7d avg −0.162%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.069% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.162%. The two prices were read 69 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 | SunX CBRS-USDT | 207.55 | 0 | get 0.0000% / 8h | 2h 46m | $969 | $2.9M | 10x |
| Short | Phoenix CBRS | 207.07 | 0 | get 0.0000% / 1h | 46m 23s | $1K | $108K | 10x |
SunX CBRS-USDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- $0
- Price spread: −0.231% → −0.162%
- −$6.92
- Slippage, 4 orders
- −$193.06
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$214.98
- Costs to cover
- 2.081%
- Break-even
- never at this rate
Slippage from SunX: live order book, 11 min ago; Phoenix: live order book, 58 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 SunX live order book, 11 min ago | 29.68 bp | 48.4 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 58 min ago | 10.55 bp | 40.2 bp −$40 | 102.0 bp −$1,020 | 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 | −0.0306% | 8h | 207.07 | −0.231% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0167% | 1h | 206.91 | −0.308% | $42.3M | $3.9M | 10x | as long as short |
| edgeX CBRSUSDC | −0.0166% | 4h | 207.21 | −0.162% | $23K | $221K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.92 | −0.302% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 207.14 | −0.198% | $2.2M | $3.5M | 25x | as long as short |
| Phoenix CBRSshort | 0.0000% | 1h | 207.07 | −0.231% | $1K | $108K | 10x | |
| SunX CBRS-USDTlong | 0.0000% | 8h | 207.55 | long leg | $969 | $2.9M | 10x | |
| HTX CBRS-USDT | 0.0000% | 8h | 207.33 | −0.106% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0015% | 1h | 206.59 | −0.463% | — | $104K | 10x | as long as short |
| QFEX CBRS-USD | +0.0024% | 1h | 207.04 | −0.246% | $1.1M | $3.1M | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.92 | −0.304% | $51K | $1.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0082% | 8h | 207.33 | −0.104% | $403K | $91K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.87 | −0.328% | $116K | $112K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 207.25 | −0.145% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.87 | −0.328% | $818 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 207.01 | −0.258% | $240 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0128% | 8h | 207.17 | −0.183% | $147K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0144% | 1h | 206.94 | −0.293% | $44K | $390K | 10x | as long as short |
| Binance CBRSUSDT | +0.0145% | 8h | 206.99 | −0.268% | $10.1M | $30.1M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0149% | 8h | 207.36 | −0.089% | $1K | $213K | 10x | as long as short |
| Lighter CBRS | +0.0264% | 1h | 206.86 | −0.332% | $90K | $868K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0280% | 1h | 207.13 | −0.202% | $337K | $718K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0319% | 8h | 206.97 | −0.279% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0356% | 8h | 207.20 | −0.169% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0464% | 1h | 210.27 | +1.311% | $115K | $116K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1541% | 1h | 206.93 | −0.299% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp
Lighter CBRS
Ondo Perps CBRS-USD.P
Bybit CBRSUSDT
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX
Deribit CBRS_USDC-PERPETUAL