Funding you earn now, next payment 06:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.34 per $10,000 · paid last 24h +0.029%
Price spread now: Phoenix against tradeXYZ0.000%61s7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as 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−$1451.448% of the position
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now 0.000%, 7d avg +0.053%
=Together, before fees+0.289%+ Points / potential airdroptradeXYZ: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.053% cheaper against tradeXYZ than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.053%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.151% in total) that is about 2.5 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.151% in total (about 7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CBRS | 205.50 | −0.0237 | get 0.0030% / 1h | 38m 18s | $42.0M | $4.0M | 10x |
| Short | Phoenix CBRS | 205.50 | 0.0039 | get 0.0005% / 1h | 38m 18s | $1K | $108K | 10x |
tradeXYZ xyz:CBRS
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $57.92
- Price spread: 0.000% → +0.053%
- −$5.33
- Slippage, 4 orders
- −$119.8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$92.21
- Costs to cover
- 1.448%
- Break-even
- 18.1 days
Slippage from tradeXYZ: live order book, 11 min ago; Phoenix: live order book, 62 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, 11 min ago | 0.73 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 62 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0628% | 8h | 205.98 | +0.234% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRSlong | −0.0237% | 1h | 205.50 | long leg | $42.0M | $4.0M | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 205.77 | +0.130% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.90 | +0.195% | $2.2M | $3.5M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 205.94 | +0.214% | $1K | $2.9M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 205.59 | +0.044% | $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 | 205.55 | +0.024% | — | $107K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.68 | +0.088% | $90K | $888K | 10x | as long as short |
| Phoenix CBRSshort | +0.0039% | 1h | 205.50 | 0.000% | $1K | $108K | 10x |
Bitget CBRSUSDT
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
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 | 205.44 | −0.029% | $50K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 205.52 | +0.010% | $335K | $716K | 10x | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 205.59 | +0.044% | $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 | 205.64 | +0.068% | $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 | 205.66 | +0.078% | $813 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.69 | +0.091% | $239 | — | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0128% | 1h | 205.66 | +0.079% | $44K | $389K | 10x | as long as short |
| Binance CBRSUSDT | +0.0131% | 8h | 205.75 | +0.122% | $10.1M | $30.6M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0163% | 8h | 205.66 | +0.078% | $147K | $70K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0202% | 8h | 205.64 | +0.068% | $942 | $217K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0333% | 8h | 205.85 | +0.170% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0374% | 8h | 205.90 | +0.195% | $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
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
edgeX CBRSUSDC
Coinbase International CBRS-PERP-INTX