Funding you earn now, next payment 16:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.041%
Price spread now: Bybit against Binance+0.048%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$690.695% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now +0.048%, 7d avg +0.004%
=The price spread pays, funding is against you. Bybit is 0.044% dearer against Binance than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.004%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 7 days (−0.058% in total) that is about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CBRSUSDT | 208.00 | 0.0074 | pay 0.0074% / 8h | 5h 48m | $10.2M | $32.9M | 25x |
| Short | Bybit CBRSUSDT | 208.10 | 0 | get 0.0000% / 8h | 5h 48m | $2.1M | $2.2M | 25x |
Binance CBRSUSDT
Bybit CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$15.57
- Price spread: +0.048% → +0.004%
- $4.43
- Slippage, 4 orders
- −$48.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$80.63
- Costs to cover
- 0.695%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Bybit: live order book, 1 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 Binance live order book, 1 min ago | 0.96 bp | 11.5 bp −$11 | 43.9 bp −$439 | 140.5 bp −$14.1K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.12 bp | 21.0 bp −$21 | 142.4 bp −$1,424 | doesn't fit | doesn't fit |
CBRS on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CBRS | −0.0116% | 1h | 207.57 | −0.207% | $1K | $109K | 10x | as long as short |
| QFEX CBRS-USD | −0.0009% | 1h | 207.82 | −0.087% | $1.1M | $3.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 207.67 | −0.160% | $66K | $148K | 20x | as long as short |
| Bybit CBRSUSDTshort | 0.0000% | 8h | 208.10 | +0.048% | $2.1M | $2.2M | 25x | |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.13 | +0.062% | $2.2M | $3.4M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 207.98 | −0.010% | $2.3M | $2.8M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.43 | +0.207% | $1K | $2.5M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 207.77 | −0.111% | $9K | $10K | 20x | as long as short |
| Variational Omni CBRS | +0.0010% | 8h | 207.74 | −0.126% | $398K | $101K | — | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 208.26 | +0.125% | — | $105K | 10x | as long as short |
Phoenix CBRS
QFEX CBRS-USD
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Variational Omni CBRS
Vest CBRS-USD-PERPShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 207.85 | −0.072% | $90K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 207.78 | −0.106% | $42.6M | $4.1M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 207.70 | −0.144% | $51K | $464K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.02 | +0.010% | $329K | $730K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0051% | 8h | 208.19 | +0.091% | $150K | $74K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0072% | 1h | 207.93 | −0.033% | $44K | $386K | 10x | as long as short |
| Binance CBRSUSDTlong | +0.0074% | 8h | 208.00 | long leg | $10.2M | $32.9M | 25x | |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 208.08 | +0.038% | $823 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 207.81 | −0.091% | $113K | $264K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 207.34 | −0.317% | $24K | $139K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 207.88 | −0.058% | $241 | — | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0320% | 1h | 210.27 | +1.091% | $115K | $107K | 10x | as long as short |
| Gate CBRS_USDT | +0.0355% | 8h | 208.20 | +0.096% | $2.9M | $3.3M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0519% | 1h | 208.12 | +0.058% | $12K | $5K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0521% | 8h | 207.67 | −0.159% | $719 | $227K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0936% | 4h | 207.70 | −0.145% | $23K | $222K | 10x | as long as short |
Lighter CBRS
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Orderly PERP_CBRS_USDC_mythos
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
Coinbase International CBRS-PERP-INTX
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL
GRVT CBRS_USDT_Perp
edgeX CBRSUSDC