Funding you earn now, next payment 06:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h −0.019%
Price spread now: Coinbase International against Binance+1.890%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs+$148as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 4 days (all we have)−1.992%−$199 · spread now +1.890%, 7d avg −0.047%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Coinbase International is 1.937% dearer against Binance than usual: you sell high and buy low: +$194 more if the spread goes back to its 7-day average of −0.047%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.147% in total (about 7.7% 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 | Binance CBRSUSDT | 206.37 | 0.0142 | pay 0.0142% / 8h | 1h 16m | $10.1M | $30.5M | 25x |
| Short | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0600 | get 0.0075% / 1h | 16m 44s | $115K | $116K | 10x |
Binance CBRSUSDT
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $96.09
- Price spread: +1.890% → −0.047%
- $193.75
- Slippage, 4 orders
- −$25.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $244.52
- Costs to cover
- 0.453%
- Break-even
- from the start
Slippage from Binance: live order book, 10 min ago; Coinbase International: live order book, 26 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, 10 min ago | 0.73 bp | 11.8 bp −$12 | 34.7 bp −$347 | 135.8 bp −$13.6K | doesn't fit |
| Sell Coinbase International live order book, 26 min ago | 5.35 bp | 11.9 bp −$12 | 18.4 bp −$184 | 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 | −0.0609% | 8h | 206.40 | +0.015% | $2.4M | $2.4M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0182% | 1h | 206.14 | −0.111% | $42.2M | $4.1M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.29 | −0.038% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.45 | +0.039% | $2.2M | $3.4M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.64 | +0.131% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.29 | −0.038% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 206.09 | −0.135% | — | $108K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 206.10 | −0.130% | $91K | $898K | 10x | as long as short |
| Phoenix CBRS | +0.0039% | 1h | 205.86 | −0.247% | $1K | $108K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.17 | −0.096% | $51K | $1.1M | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Phoenix CBRS
Polymarket Perps CBRS-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 206.31 | −0.029% | $336K | $719K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0073% | 4h | 206.16 | −0.102% | $23K | $221K | 10x | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 206.30 | −0.033% | $1.1M | $3.0M | 10x | as long as short |
| Variational Omni CBRS | +0.0095% | 8h | 206.14 | −0.111% | $401K | $100K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.20 | −0.082% | $114K | $108K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.12 | −0.121% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.26 | −0.053% | $816 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.25 | −0.057% | $239 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0115% | 8h | 206.31 | −0.029% | $146K | $71K | 20x | as long as short |
| Binance CBRSUSDTlong | +0.0142% | 8h | 206.37 | long leg | $10.1M | $30.5M | 25x | |
| Extended CBRS_24_5-USD | +0.0144% | 1h | 206.31 | −0.028% | $46K | $391K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0217% | 8h | 206.18 | −0.091% | $449 | $217K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0324% | 8h | 206.35 | −0.009% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0385% | 8h | 206.50 | +0.064% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | +0.0600% | 1h | 210.27 | +1.890% | $115K | $116K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.0963% | 1h | 206.31 | −0.029% | $12K | $5K | 10x | as long as short |
Ondo Perps CBRS-USD.P
edgeX CBRSUSDC
QFEX CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL