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

CBRS

RWAall CBRS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0192%/8h= +21.0% APRnext payment +$1.92 per $10,000 · paid last 24h −0.079%
Price spread now: Bybit against BloFin+0.015%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$610.613% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.091%−$9 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.015%, 7d avg −0.015%
Together, before fees−0.095%−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.029% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CBRS-USDT206.770.0161pay 0.0161% / 8h2h 03m$145K$71K20x
ShortBybit CBRSUSDT206.800.0353get 0.0353% / 8h2h 03m$2.1M$2.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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
$40.26
Price spread: +0.015% → −0.015%
$2.94
Slippage, 4 orders
−$38.34
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$18.14
Costs to cover
0.613%
Break-even
10.2 days
Slippage from BloFin: live order book, 11 min ago; Bybit: live order book, 4 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 BloFin live order book, 11 min ago1.21 bp9.5 bp −$915.0 bp −$150doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago3.86 bp19.8 bp −$20138.8 bp −$1,388doesn'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
Bitget CBRSUSDT−0.0556%8h206.75−0.010%$2.4M$2.5M20xas long as short
tradeXYZ xyz:CBRS−0.0071%1h206.47−0.145%$42.2M$4.0M10xas long as short
Aster CBRSUSDT0.0000%8h206.85+0.041%$65K$147K20xas long as short
OKX CBRS-USDT-SWAP0.0000%8h206.79+0.010%$2.2M$3.5M25xas long as short
Phoenix CBRS0.0000%1h206.79+0.010%$1K$108K10xas long as short
SunX CBRS-USDT0.0000%8h206.96+0.092%$1K$2.9M10xas long as short
HTX CBRS-USDT0.0000%8h206.76−0.005%$9K$10K20xas long as short
Vest CBRS-USD-PERP+0.0015%1h206.33−0.213%$107K10xas long as short
QFEX CBRS-USD+0.0024%1h206.61−0.077%$1.1M$3.1M10xas long as short
Lighter CBRS+0.0032%1h206.48−0.140%$90K$887K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps CBRS-USD+0.0050%1h206.45−0.155%$51K$1.1M10xas long as short
KuCoin CBRSUSDTM+0.0100%8h206.54−0.111%$115K$111K20xas long as short
ApeX Omni CBRSUSDT+0.0100%1h206.78+0.005%$24K$139K50xas long as short
Orderly PERP_CBRS_USDC_mythos+0.0100%8h206.69−0.039%$817$1K10xas long as short
Aevo CBRS-PERP+0.0104%1h206.73−0.020%$24010xas long as short
Variational Omni CBRS+0.0110%8h207.01+0.118%$418K$95Kas long as short
Extended CBRS_24_5-USD+0.0160%1h206.59−0.087%$44K$389K10xas long as short
BloFin CBRS-USDTlong+0.0161%8h206.77long leg$145K$71K20x
Binance CBRSUSDT+0.0164%8h206.69−0.040%$10.1M$30.5M25xas long as short
edgeX CBRSUSDC+0.0170%4h206.87+0.046%$23K$221K10xas long as short
GRVT CBRS_USDT_Perp+0.0213%8h207.03+0.126%$551$213K10xas long as short
Ondo Perps CBRS-USD.P+0.0214%1h206.78+0.005%$336K$719K10xas long as short
Bybit CBRSUSDTshort+0.0353%8h206.80+0.015%$2.1M$2.0M25x
Gate CBRS_USDT+0.0364%8h206.90+0.063%$2.9M$3.0M50xas long as short
Coinbase International CBRS-PERP-INTX+0.0464%1h210.27+1.693%$115K$116K10xas long as short
Deribit CBRS_USDC-PERPETUAL+0.0767%1h206.63−0.068%$12K$5K10xas long as short