Funding you earn now, next payment 00:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.033%
Price spread now: Phoenix against ApeX Omni+0.052%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1681.682% of the position
Funding, last 7 days−0.262%−$26 on $10k
+Price spread, last 3 days (all we have)+0.040%+$4 · spread now +0.052%, 7d avg −0.022%
=The price spread pays, funding is against you. Phoenix is 0.075% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.022%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.262% in total) that is about 48 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni CBRSUSDT | 210.12 | 0.0100 | pay 0.0013% / 1h | 25m 12s | $25K | $137K | 50x |
| Short | Phoenix CBRS | 210.23 | 0.0038 | get 0.0005% / 1h | 25m 12s | $1K | $111K | 10x |
ApeX Omni CBRSUSDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX 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
- −$12.99
- Price spread: +0.052% → −0.022%
- $7.46
- Slippage, 4 orders
- −$151.18
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$173.71
- Costs to cover
- 1.682%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 45 min ago; Phoenix: live order book, 40 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 ApeX Omni live order book, 45 min ago | 29.36 bp | 39.4 bp −$39 | 205.3 bp −$2,053 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 40 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0448% | 4h | 210.33 | +0.101% | $24K | $221K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 210.27 | +0.070% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 210.22 | +0.048% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.24 | +0.057% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 210.30 | +0.086% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 210.19 | +0.033% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 210.34 | +0.106% | $219 | $213K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.47 | +0.167% | $1K | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.39 | +0.128% | $9K | $9K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0024% | 1h | 208.44 | −0.800% | $114K | $114K | 10x | as long as short |
edgeX CBRSUSDC
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Coinbase International CBRS-PERP-INTXShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0030% | 1h | 210.03 | −0.043% | — | $97K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 210.19 | +0.033% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 210.25 | +0.062% | $91K | $854K | 10x | as long as short |
| Phoenix CBRSshort | +0.0038% | 1h | 210.23 | +0.052% | $1K | $111K | 10x | |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 210.02 | −0.048% | $43.0M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 210.14 | +0.010% | $54K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 210.34 | +0.105% | $343K | $926K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 210.17 | +0.024% | $114K | $122K | 20x | as long as short |
| ApeX Omni CBRSUSDTlong | +0.0100% | 1h | 210.12 | long leg | $25K | $137K | 50x | |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 210.23 | +0.052% | $863 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 210.23 | +0.052% | $244 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0131% | 1h | 210.28 | +0.076% | $12K | $5K | 10x | as long as short |
| Variational Omni CBRS | +0.0429% | 8h | 210.25 | +0.060% | $425K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0449% | 8h | 210.16 | +0.019% | $147K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0461% | 8h | 210.23 | +0.053% | $10.3M | $29.7M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0464% | 1h | 210.18 | +0.028% | $45K | $266K | 10x | as long as short |
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Deribit CBRS_USDC-PERPETUAL
Variational Omni CBRS
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD