Funding you earn now, next payment 00:00 UTC−0.0464%/8h= −50.8% APRpaid last 24h −0.070%
Price spread now: Phoenix against Variational Omni−0.053%54s7-day average −0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.081%−$8 on $10k
+Price spread, last 3 days (all we have)+0.183%+$18 · spread now −0.053%, 7d avg −0.048%
=Together, before fees+0.101%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. The two prices were read 54 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 3 days it paid -0.081% in total (about -8.9% 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 | Variational Omni CBRS | 209.93 | 0.0502 | pay 0.0502% / 8h | 7h 52m | $425K | $321K | — |
| Short | Phoenix CBRS | 209.82 | 0.0038 | get 0.0005% / 1h | 52m 24s | $1K | $111K | 10x |
Variational Omni CBRS
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- −$97.34
- Price spread: −0.053% → −0.048%
- −$0.48
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$104.82
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 22 min ago; Phoenix: live order book, 12 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 Variational Omni RFQ quote, 22 min ago | 2.19 bp | doesn't fit | 44.7 bp −$447 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 12 min ago | 11.46 bp | 45.4 bp −$45 | 116.2 bp −$1,162 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | −0.0417% | 1h | 209.87 | −0.029% | $12K | $5K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0073% | 1h | 209.55 | −0.182% | $42.9M | $3.6M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.93 | −0.002% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.95 | +0.009% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.93 | −0.001% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 210.00 | +0.033% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.87 | −0.029% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.70 | −0.108% | $359 | $218K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.07 | +0.066% | $1K | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.20 | +0.128% | $9K | $6K | 20x | as long as short |
Deribit CBRS_USDC-PERPETUAL
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CBRS-PERP-INTX | +0.0024% | 1h | 208.44 | −0.711% | $114K | $114K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0027% | 1h | 209.32 | −0.291% | — | $98K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 209.86 | −0.034% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.78 | −0.072% | $91K | $843K | 10x | as long as short |
| Phoenix CBRSshort | +0.0038% | 1h | 209.82 | −0.053% | $1K | $111K | 10x | |
| edgeX CBRSUSDC | +0.0048% | 4h | 209.72 | −0.100% | $24K | $221K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.61 | −0.153% | $54K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.90 | −0.015% | $347K | $918K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.80 | −0.063% | $143K | $90K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.96 | +0.013% | $25K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.94 | +0.004% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 210.03 | +0.045% | $244 | — | 10x | as long as short |
| Variational Omni CBRSlong | +0.0502% | 8h | 209.93 | long leg | $425K | $321K | — | |
| Extended CBRS_24_5-USD | +0.0520% | 1h | 209.93 | −0.003% | $44K | $251K | 10x | as long as short |
| Binance CBRSUSDT | +0.0520% | 8h | 209.97 | +0.018% | $10.3M | $29.9M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0536% | 8h | 209.85 | −0.039% | $146K | $71K | 20x | as long as short |
Coinbase International CBRS-PERP-INTX
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
edgeX CBRSUSDC
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT