Funding you earn now, next payment 05:00 UTC+0.0528%/8h= +57.8% APRpaid last 24h +0.100%
Price spread now: Variational Omni against tradeXYZ+0.351%7-day average +0.101% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.152%+$15 on $10k
+Price spread, last 4 days (all we have)−0.325%−$32 · spread now +0.351%, 7d avg +0.101%
=Together, before fees−0.173%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Variational Omni is 0.249% dearer against tradeXYZ than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.101%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.152% in total (about 15.8% a year). A funding rate is set anew for every payment. 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 | 207.79 | −0.0429 | get 0.0054% / 1h | 37m 14s | $42.5M | $3.6M | 10x |
| Short | Variational Omni CBRS | 208.52 | 0.0098 | get 0.0098% / 8h | 3h 37m | $421K | $88K | — |
tradeXYZ xyz:CBRS
Variational Omni CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $110.83
- Price spread: +0.351% → +0.101%
- $24.92
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $117.76
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: tradeXYZ: live order book, 2 min ago; Variational Omni: RFQ quote, 17 min ago. Net counts fees only.
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, 2 min ago | 1.20 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 17 min ago | 2.58 bp | doesn't fit | 39.6 bp −$396 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRSlong | −0.0429% | 1h | 207.79 | long leg | $42.5M | $3.6M | 10x | |
| edgeX CBRSUSDC | −0.0056% | 4h | 208.27 | +0.232% | $23K | $220K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 207.91 | +0.059% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.21 | +0.202% | $2.2M | $3.4M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.10 | +0.149% | $2.4M | $2.7M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.40 | +0.294% | $959 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 208.66 | +0.419% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0021% | 1h | 207.88 | +0.043% | — | $97K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 207.84 | +0.024% | $89K | $843K | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 208.03 | +0.116% | $1K | $108K | 10x | as long as short |
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Phoenix 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 | 207.79 | 0.000% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.17 | +0.183% | $339K | $721K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0061% | 8h | 208.16 | +0.178% | $953 | $210K | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 208.00 | +0.101% | $1.1M | $3.1M | 10x | as long as short |
| Variational Omni CBRSshort | +0.0098% | 8h | 208.52 | +0.351% | $421K | $88K | — | |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.15 | +0.173% | $114K | $114K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.24 | +0.217% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 207.94 | +0.072% | $822 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 207.95 | +0.077% | $241 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0146% | 8h | 208.15 | +0.173% | $147K | $69K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0152% | 1h | 207.90 | +0.052% | $49K | $263K | 10x | as long as short |
| Binance CBRSUSDT | +0.0155% | 8h | 207.97 | +0.085% | $10.1M | $29.6M | 25x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0288% | 1h | 210.27 | +1.194% | $115K | $116K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0349% | 8h | 208.04 | +0.120% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0380% | 8h | 208.20 | +0.197% | $2.8M | $2.9M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0712% | 1h | 208.04 | +0.120% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
GRVT CBRS_USDT_Perp
QFEX CBRS-USD
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
Coinbase International CBRS-PERP-INTX
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL