Settings8H · net · $10k
Funding arb · Price arb /

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.024%
Price spread now: ApeX Omni against Bitget−0.120%53s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1161.162% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.120%, 7d avg −0.037%
Together, before fees+0.116%+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.083% cheaper against Bitget than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of −0.037%). If the spread goes back, that is −$8 on $10k: about 2.8 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.098% in total) that is about 6.0 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CBRSUSDT208.170get 0.0000% / 8h3h 30m$2.4M$2.9M20x
ShortApeX Omni CBRSUSDT207.920.0100get 0.0013% / 1h30m 39s$25K$135K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21
Price spread: −0.120% → −0.037%
−$8.34
Slippage, 4 orders
−$94.2
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$103.53
Costs to cover
1.162%
Break-even
41.5 days
Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago3.12 bp18.0 bp −$1835.2 bp −$35292.2 bp −$9,220doesn't fit
Sell ApeX Omni live order book, 15 min ago23.77 bp37.3 bp −$37194.1 bp −$1,941doesn't fitdoesn't fit

CBRS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit CBRS_USDC-PERPETUAL−0.0278%1h208.13−0.019%$12K$51K10xas long as short
tradeXYZ xyz:CBRS−0.0088%1h207.96−0.101%$42.6M$3.6M10xas long as short
Aster CBRSUSDT0.0000%8h208.25+0.038%$65K$147K20xas long as short
Extended CBRS_24_5-USD0.0000%1h208.19+0.007%$42K$246K10xas long as short
Binance CBRSUSDT0.0000%8h208.20+0.015%$10.2M$30.4M25xas long as short
Bybit CBRSUSDT0.0000%8h208.25+0.038%$2.0M$1.9M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h208.19+0.010%$2.2M$3.6M25xas long as short
Gate CBRS_USDT0.0000%8h208.20+0.014%$2.9M$3.2M50xas long as short
Bitget CBRSUSDTlong0.0000%8h208.17long leg$2.4M$2.9M20x
Variational Omni CBRS0.0000%8h208.06−0.054%$415K$316Kas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CBRS_USDT_Perp0.0000%8h208.15−0.010%$591$243K10xas long as short
Phoenix CBRS0.0000%1h207.91−0.125%$1K$112K10xas long as short
SunX CBRS-USDT0.0000%8h208.42+0.120%$1K$3.4M10xas long as short
HTX CBRS-USDT0.0000%8h208.34+0.082%$9K$6K20xas long as short
QFEX CBRS-USD+0.0008%1h208.19+0.010%$1.1M$2.8M10xas long as short
BloFin CBRS-USDT+0.0022%8h208.16−0.005%$147K$69K20xas long as short
Vest CBRS-USD-PERP+0.0024%1h207.96−0.101%$89K10xas long as short
Lighter CBRS+0.0032%1h208.15−0.010%$90K$903K10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h208.03−0.067%$25K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h208.11−0.029%$335K$886K10xas long as short
Coinbase International CBRS-PERP-INTX+0.0096%1h208.24+0.034%$113K$114K10xas long as short
edgeX CBRSUSDC+0.0097%4h208.16−0.003%$23K$220K10xas long as short
KuCoin CBRSUSDTM+0.0100%8h208.22+0.024%$142K$98K20xas long as short
ApeX Omni CBRSUSDTshort+0.0100%1h207.92−0.120%$25K$135K50x
Orderly PERP_CBRS_USDC_mythos+0.0100%8h208.15−0.010%$855$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h208.170.000%$24110xas long as short