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

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%
Price spread now: Phoenix against Bitget−0.081%99s7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1671.674% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.163%−$16 on $10k
Price spread, last 3 days (all we have)+0.153%+$15 · spread now −0.081%, 7d avg −0.061%
Together, before fees−0.009%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CBRSUSDT209.490get 0.0000% / 8h19m 49s$2.4M$2.8M20x
ShortPhoenix CBRS209.320get 0.0000% / 1h19m 49s$1K$111K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
$0
Price spread: −0.081% → −0.061%
−$1.97
Slippage, 4 orders
−$148.4
Fee Bitget: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$169.37
Costs to cover
1.674%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Phoenix: live order book, 50 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, 3 min ago1.91 bp22.3 bp −$2229.9 bp −$29973.2 bp −$7,320doesn't fit
Sell Phoenix live order book, 50 min ago15.30 bp63.2 bp −$63212.7 bp −$2,127doesn'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−0.0705%1h209.32−0.081%$12K$5K10xas long as short
edgeX CBRSUSDC−0.0599%4h209.31−0.084%$24K$221K10xas long as short
tradeXYZ xyz:CBRS−0.0213%1h209.20−0.138%$42.9M$3.5M10xas long as short
Aster CBRSUSDT0.0000%8h209.36−0.063%$66K$147K20xas long as short
Bybit CBRSUSDT0.0000%8h209.56+0.033%$2.0M$1.9M25xas long as short
OKX CBRS-USDT-SWAP0.0000%8h209.490.000%$2.2M$3.6M25xas long as short
Bitget CBRSUSDTlong0.0000%8h209.49long leg$2.4M$2.8M20x
Phoenix CBRSshort0.0000%1h209.32−0.081%$1K$111K10x
SunX CBRS-USDT0.0000%8h209.63+0.067%$964$3.3M10xas long as short
HTX CBRS-USDT0.0000%8h209.43−0.029%$9K$7K20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CBRS_USDT+0.0004%8h209.40−0.043%$2.9M$3.1M50xas long as short
Vest CBRS-USD-PERP+0.0014%1h209.11−0.181%$94K10xas long as short
Coinbase International CBRS-PERP-INTX+0.0016%1h208.44−0.501%$114K$114K10xas long as short
QFEX CBRS-USD+0.0021%1h209.39−0.048%$1.1M$3.4M10xas long as short
Lighter CBRS+0.0032%1h209.48−0.005%$91K$868K10xas long as short
Polymarket Perps CBRS-USD+0.0050%1h209.25−0.115%$57K$1.1M10xas long as short
Ondo Perps CBRS-USD.P+0.0050%1h209.26−0.110%$342K$919K10xas long as short
KuCoin CBRSUSDTM+0.0100%8h209.40−0.043%$143K$92K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h209.32−0.081%$24K$136K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h209.34−0.072%$860$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h209.44−0.023%$24310xas long as short
Variational Omni CBRS+0.0445%8h209.32−0.083%$423K$321Kas long as short
BloFin CBRS-USDT+0.0456%8h209.39−0.048%$146K$70K20xas long as short
Extended CBRS_24_5-USD+0.0472%1h209.31−0.086%$43K$246K10xas long as short
Binance CBRSUSDT+0.0475%8h209.38−0.053%$10.3M$30.0M25xas long as short
GRVT CBRS_USDT_Perp+0.0556%8h209.37−0.057%$488$222K10xas long as short