Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.097%

Price spread now: Deribit against Bitget−0.024%58s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.024% cheaper against Bitget than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day). The two prices were read 58 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	Bitget CBRSUSDT	209.33	0	get 0.0000% / 8h	1h 04m	$2.4M	$2.8M	20x
Short	Deribit CBRS_USDC-PERPETUAL	209.28	0.0180	get 0.0023% / 1h	4m 27s	$12K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee BitgetbpFee DeribitbpOrdersPrice spread, now −0.024%Rate

Funding earned: $37.85
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $16.46
Costs to cover: 0.190%
Break-even: 4.0 days

Slippage unknown: Bitget: live order book, 8 min ago; Deribit: no order-book sample. Net counts fees only.

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, 8 min ago	2.87 bp	17.2 bp −$17	31.6 bp −$316	76.3 bp −$7,631	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
edgeX CBRSUSDC	−0.0821%	4h	209.21	−0.057%	$24K	$220K	10x	as long as short
tradeXYZ xyz:CBRS	−0.0058%	1h	209.08	−0.119%	$42.8M	$3.6M	10x	as long as short
Coinbase International CBRS-PERP-INTX	−0.0008%	1h	208.44	−0.425%	$114K	$114K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	209.13	−0.096%	$66K	$147K	20x	as long as short
Bybit CBRSUSDT	0.0000%	8h	209.37	+0.019%	$2.0M	$1.9M	25x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	209.39	+0.029%	$2.2M	$3.6M	25x	as long as short
Gate CBRS_USDT	0.0000%	8h	209.40	+0.033%	$2.9M	$3.1M	50x	as long as short
Bitget CBRSUSDTlong	0.0000%	8h	209.33	long leg	$2.4M	$2.8M	20x
Phoenix CBRS	0.0000%	1h	209.20	−0.062%	$1K	$112K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	209.53	+0.096%	$1K	$3.3M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CBRS-USDT	0.0000%	8h	209.40	+0.033%	$9K	$6K	20x	as long as short
Vest CBRS-USD-PERP	+0.0019%	1h	209.05	−0.134%	—	$94K	10x	as long as short
QFEX CBRS-USD	+0.0027%	1h	209.28	−0.024%	$1.1M	$3.4M	10x	as long as short
Lighter CBRS	+0.0032%	1h	209.37	+0.019%	$93K	$907K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	209.17	−0.076%	$30K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	209.24	−0.043%	$346K	$915K	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	209.11	−0.105%	$143K	$95K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.33	0.000%	$24K	$137K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	209.24	−0.043%	$859	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	209.33	0.000%	$243	—	10x	as long as short
Deribit CBRS_USDC-PERPETUALshort	+0.0180%	1h	209.28	−0.024%	$12K	$16K	10x
Variational Omni CBRS	+0.0313%	8h	209.23	−0.049%	$423K	$321K	—	as long as short
Extended CBRS_24_5-USD	+0.0352%	1h	209.28	−0.022%	$43K	$246K	10x	as long as short
Binance CBRSUSDT	+0.0355%	8h	209.33	+0.002%	$10.3M	$30.1M	25x	as long as short
BloFin CBRS-USDT	+0.0361%	8h	209.36	+0.014%	$146K	$70K	20x	as long as short
GRVT CBRS_USDT_Perp	+0.0494%	8h	209.35	+0.008%	$630	$229K	10x	as long as short