Funding you earn now, next payment 20:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.040%
Price spread now: Phoenix against Binance−0.120%105s7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1041.037% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 2 days (all we have)+0.156%+$16 · spread now −0.120%, 7d avg −0.065%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.055% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.065%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CBRSUSDT | 208.16 | 0 | get 0.0000% / 8h | 3h 31m | $10.2M | $30.4M | 25x |
| Short | Phoenix CBRS | 207.91 | 0 | get 0.0000% / 1h | 31m 39s | $1K | $112K | 10x |
Binance CBRSUSDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $0
- Price spread: −0.120% → −0.065%
- −$5.49
- Slippage, 4 orders
- −$86.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$109.21
- Costs to cover
- 1.037%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Phoenix: live order book, 10 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, 15 min ago | 1.92 bp | 8.0 bp −$8 | 31.9 bp −$319 | 96.6 bp −$9,659 | doesn't fit |
| Sell Phoenix live order book, 10 min ago | 11.07 bp | 43.6 bp −$44 | 111.2 bp −$1,112 | 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 | −0.0182% | 1h | 208.15 | −0.005% | $12K | $51K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0076% | 1h | 207.97 | −0.091% | $42.7M | $3.6M | 10x | as long as short |
| BloFin CBRS-USDT | −0.0017% | 8h | 208.13 | −0.014% | $148K | $69K | 20x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 208.26 | +0.047% | $65K | $147K | 20x | as long as short |
| Extended CBRS_24_5-USD | 0.0000% | 1h | 208.12 | −0.022% | $42K | $246K | 10x | as long as short |
| Binance CBRSUSDTlong | 0.0000% | 8h | 208.16 | long leg | $10.2M | $30.4M | 25x | |
| Bybit CBRSUSDT | 0.0000% | 8h | 208.29 | +0.062% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.11 | −0.024% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 208.10 | −0.029% | $2.9M | $3.2M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.15 | −0.005% | $2.4M | $2.9M | 20x | as long as short |
Deribit CBRS_USDC-PERPETUAL
tradeXYZ xyz:CBRS
BloFin CBRS-USDT
Aster CBRSUSDT
Extended CBRS_24_5-USD
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CBRS | 0.0000% | 8h | 208.06 | −0.049% | $415K | $316K | — | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 207.98 | −0.085% | $601 | $243K | 10x | as long as short |
| Phoenix CBRSshort | 0.0000% | 1h | 207.91 | −0.120% | $1K | $112K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 208.44 | +0.135% | $1K | $3.4M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 208.34 | +0.086% | $9K | $6K | 20x | as long as short |
| QFEX CBRS-USD | +0.0008% | 1h | 208.13 | −0.014% | $1.1M | $2.8M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0024% | 1h | 207.96 | −0.096% | — | $89K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 208.15 | −0.005% | $90K | $903K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.04 | −0.058% | $25K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.11 | −0.024% | $335K | $886K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0096% | 1h | 208.24 | +0.038% | $113K | $114K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.21 | +0.024% | $142K | $98K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.10 | −0.029% | $25K | $135K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 208.14 | −0.010% | $855 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 208.13 | −0.014% | $241 | — | 10x | as long as short |
| edgeX CBRSUSDC | +0.0853% | 4h | 208.05 | −0.051% | $23K | $219K | 10x | as long as short |
Variational Omni CBRS
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
QFEX CBRS-USD
Vest CBRS-USD-PERP
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Coinbase International CBRS-PERP-INTX
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
edgeX CBRSUSDC