Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0430%/8h= +47.1% APRnext payment +$0.54 per $10,000 · paid last 24h +0.097%
Price spread now: Coinbase International against tradeXYZ+2.837%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs+$6as in the Funding arb table
Net, price: spread back to 7d avg − costs+$226as in the Price arb table
costs, in and out, $10k−$460.464% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.526%+$53 on $10k
Price spread, last 4 days (all we have)−2.892%−$289 · spread now +2.837%, 7d avg +0.108%
Together, before fees−2.366%+ Points / potential airdroptradeXYZ: Active · farm board−$237 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 2.729% dearer against tradeXYZ than usual: you sell high and buy low: +$273 more if the spread goes back to its 7-day average of +0.108%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:CBRS204.470.0050pay 0.0006% / 1h34m 00s$41.9M$4.0M10x
ShortCoinbase International CBRS-PERP-INTX210.270.0480get 0.0060% / 1h34m 00s$115K$108K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against tradeXYZ. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$90.3
Price spread: +2.837% → +0.108%
$272.91
Slippage, 4 orders
−$18.41
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$316.8
Costs to cover
0.464%
Break-even
from the start
Slippage from tradeXYZ: live order book, 4 min ago; Coinbase International: live order book, 64 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 4 min ago0.24 bp12.5 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 64 min ago3.88 bp10.2 bp −$1023.4 bp −$234doesn't fitdoesn't fit

CBRS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CBRSUSDC−0.0852%4h205.15+0.333%$23K$221K10xas long as short
GRVT CBRS_USDT_Perp−0.0443%8h205.21+0.362%$776$214K10xas long as short
Bitget CBRSUSDT−0.0307%8h204.81+0.166%$2.4M$2.5M20xas long as short
Lighter CBRS−0.0240%1h204.74+0.132%$91K$1.1M10xas long as short
Ondo Perps CBRS-USD.P−0.0230%1h204.85+0.186%$333K$707K10xas long as short
Bybit CBRSUSDT−0.0094%8h204.90+0.210%$2.0M$2.1M25xas long as short
Phoenix CBRS−0.0039%1h205.25+0.381%$1K$108K10xas long as short
BloFin CBRS-USDT−0.0008%8h204.86+0.191%$147K$71K20xas long as short
Aster CBRSUSDT0.0000%8h204.77+0.149%$65K$148K20xas long as short
Extended CBRS_24_5-USD0.0000%1h204.80+0.160%$44K$382K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CBRSUSDT0.0000%8h204.85+0.186%$10.1M$31.2M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h204.78+0.152%$2.2M$3.4M25xas long as short
Gate CBRS_USDT0.0000%8h204.90+0.210%$2.9M$3.1M50xas long as short
Variational Omni CBRS0.0000%8h204.85+0.184%$392K$98Kas long as short
SunX CBRS-USDT0.0000%8h204.94+0.230%$1K$2.7M10xas long as short
Deribit CBRS_USDC-PERPETUAL0.0000%1h205.01+0.264%$12K$5K10xas long as short
HTX CBRS-USDT0.0000%8h205.10+0.308%$9K$10K20xas long as short
QFEX CBRS-USD+0.0017%1h204.86+0.191%$1.1M$3.1M10xas long as short
Vest CBRS-USD-PERP+0.0018%1h204.79+0.157%$102K10xas long as short
tradeXYZ xyz:CBRSlong+0.0050%1h204.47long leg$41.9M$4.0M10x
Polymarket Perps CBRS-USD+0.0050%1h204.55+0.039%$50K$472K10xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h204.84+0.181%$810$2K10xas long as short
KuCoin CBRSUSDTM+0.0100%8h204.89+0.205%$114K$147K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h205.22+0.367%$24K$137K50xas long as short
Aevo CBRS-PERP+0.0104%1h204.83+0.175%$23810xas long as short
Coinbase International CBRS-PERP-INTXshort+0.0480%1h210.27+2.837%$115K$108K10x