Funding you earn now, next payment 03:00 UTC+0.0019%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.051%
Price spread now: Lighter against tradeXYZ−0.048%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days+0.286%+$29 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.048%, 7d avg +0.024%
=Together, before fees+0.399%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.072% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.024%). If the spread goes back, that is −$7 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.286% in total) that is about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CBRS | 209.41 | 0.0013 | pay 0.0002% / 1h | 21m 16s | $42.9M | $3.5M | 10x |
| Short | Lighter CBRS | 209.31 | 0.0032 | get 0.0004% / 1h | 21m 16s | $90K | $831K | 10x |
tradeXYZ xyz:CBRS
Lighter CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- $3.93
- Price spread: −0.048% → +0.024%
- −$7.2
- Slippage, 4 orders
- −$26.66
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$47.92
- Costs to cover
- 0.447%
- Break-even
- 92.3 days
Slippage from tradeXYZ: live order book, 7 min ago; Lighter: live order book, 39 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 tradeXYZ live order book, 7 min ago | 1.20 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 0.72 bp | 4.3 bp −$4 | 6.7 bp −$67 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | −0.0056% | 1h | 208.44 | −0.463% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.48 | +0.035% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.89 | +0.229% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.75 | +0.162% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.51 | +0.050% | $453 | $205K | 10x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.30 | −0.053% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.77 | +0.172% | $824 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.63 | +0.105% | $9K | $9K | 20x | as long as short |
| tradeXYZ xyz:CBRSlong | +0.0013% | 1h | 209.41 | long leg | $42.9M | $3.5M | 10x | |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 209.20 | −0.100% | — | $94K | 10x | as long as short |
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRSshort | +0.0032% | 1h | 209.31 | −0.048% | $90K | $831K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.48 | +0.033% | $55K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.43 | +0.010% | $340K | $732K | 10x | as long as short |
| QFEX CBRS-USD | +0.0051% | 1h | 209.51 | +0.048% | $1.1M | $3.4M | 10x | as long as short |
| edgeX CBRSUSDC | +0.0065% | 4h | 209.47 | +0.029% | $24K | $220K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.48 | +0.033% | $114K | $118K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.37 | −0.019% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.85 | +0.210% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.86 | +0.216% | $243 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0155% | 8h | 209.95 | +0.258% | $2.1M | $1.9M | 25x | as long as short |
| Variational Omni CBRS | +0.0201% | 8h | 209.48 | +0.034% | $423K | $112K | — | as long as short |
| Gate CBRS_USDT | +0.0233% | 8h | 209.80 | +0.186% | $2.9M | $3.0M | 50x | as long as short |
| Extended CBRS_24_5-USD | +0.0248% | 1h | 209.87 | +0.218% | $44K | $266K | 10x | as long as short |
| Binance CBRSUSDT | +0.0250% | 8h | 209.92 | +0.244% | $10.3M | $29.4M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0261% | 8h | 209.56 | +0.072% | $105K | $69K | 20x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1277% | 1h | 209.94 | +0.253% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
QFEX CBRS-USD
edgeX CBRSUSDC
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Bybit CBRSUSDT
Variational Omni CBRS
Gate CBRS_USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT
Deribit CBRS_USDC-PERPETUAL