Funding you earn now, next payment 06:00 UTC+0.1248%/8h= +136.7% APRpaid last 24h +0.057%
Price spread now: Coinbase International against Bitget+2.132%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs+$153as in the Price arb table
costs, in and out, $10k−$650.653% of the position
Funding, last 7 days+0.262%+$26 on $10k
+Price spread, last 4 days (all we have)−2.247%−$225 · spread now +2.132%, 7d avg −0.054%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Coinbase International is 2.186% dearer against Bitget than usual: you sell high and buy low: +$219 more if the spread goes back to its 7-day average of −0.054%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.262% in total (about 13.6% 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 | Bitget CBRSUSDT | 205.88 | −0.0648 | get 0.0648% / 8h | 1h 30m | $2.4M | $2.5M | 20x |
| Short | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0600 | get 0.0075% / 1h | 30m 17s | $115K | $116K | 10x |
Bitget CBRSUSDT
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- $262.08
- Price spread: +2.132% → −0.054%
- $218.63
- Slippage, 4 orders
- −$43.26
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $415.45
- Costs to cover
- 0.653%
- Break-even
- from the start
Slippage from Bitget: live order book, 2 min ago; Coinbase International: live order book, 12 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 Bitget live order book, 2 min ago | 3.64 bp | 23.9 bp −$24 | 30.8 bp −$308 | 68.9 bp −$6,891 | doesn't fit |
| Sell Coinbase International live order book, 12 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 CBRSUSDTlong | −0.0648% | 8h | 205.88 | long leg | $2.4M | $2.5M | 20x | |
| tradeXYZ xyz:CBRS | −0.0205% | 1h | 205.48 | −0.194% | $42.0M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 205.71 | −0.082% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 205.87 | −0.005% | $2.2M | $3.4M | 25x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.03 | +0.073% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 205.85 | −0.015% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 205.40 | −0.233% | — | $106K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.56 | −0.155% | $90K | $893K | 10x | as long as short |
| Phoenix CBRS | +0.0039% | 1h | 205.60 | −0.136% | $1K | $108K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.54 | −0.165% | $50K | $1.1M | 10x | as long as short |
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 | 205.72 | −0.078% | $335K | $717K | 10x | as long as short |
| Variational Omni CBRS | +0.0067% | 8h | 205.72 | −0.078% | $400K | $102K | — | as long as short |
| QFEX CBRS-USD | +0.0080% | 1h | 205.72 | −0.078% | $1.1M | $3.0M | 10x | as long as short |
| BloFin CBRS-USDT | +0.0098% | 8h | 205.79 | −0.044% | $147K | $71K | 20x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 205.57 | −0.151% | $113K | $109K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.59 | −0.141% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 205.63 | −0.121% | $813 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 205.67 | −0.102% | $239 | — | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0128% | 1h | 205.76 | −0.056% | $46K | $391K | 10x | as long as short |
| Binance CBRSUSDT | +0.0129% | 8h | 205.82 | −0.028% | $10.1M | $30.5M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0187% | 8h | 205.82 | −0.029% | $373 | $216K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0336% | 8h | 205.83 | −0.024% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0375% | 8h | 205.90 | +0.010% | $2.9M | $3.0M | 50x | as long as short |
| edgeX CBRSUSDC | +0.0446% | 4h | 205.82 | −0.029% | $23K | $221K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | +0.0600% | 1h | 210.27 | +2.132% | $115K | $116K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.1649% | 1h | 205.76 | −0.058% | $12K | $5K | 10x | as long as short |
Ondo Perps CBRS-USD.P
Variational Omni CBRS
QFEX CBRS-USD
BloFin CBRS-USDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp
Bybit CBRSUSDT
Gate CBRS_USDT
edgeX CBRSUSDC
Deribit CBRS_USDC-PERPETUAL