Funding you earn now, next payment 00:00 UTC−0.0411%/8h= −45.0% APRpaid last 24h −0.078%
Price spread now: Phoenix against BloFin+0.033%7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1171.174% of the position
Funding, last 7 days−0.226%−$23 on $10k
+Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.033%, 7d avg −0.068%
=The price spread pays, funding is against you. Phoenix is 0.101% dearer against BloFin than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.068%): +$10 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.226% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.226% in total (about -11.8% 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 | BloFin CBRS-USDT | 210.16 | 0.0449 | pay 0.0449% / 8h | 7h 24m | $147K | $71K | 20x |
| Short | Phoenix CBRS | 210.23 | 0.0038 | get 0.0005% / 1h | 24m 22s | $1K | $111K | 10x |
BloFin CBRS-USDT
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- −$86.32
- Price spread: +0.033% → −0.068%
- $10.1
- Slippage, 4 orders
- −$98.44
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$193.66
- Costs to cover
- 1.174%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 32 min ago; Phoenix: live order book, 40 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 BloFin live order book, 32 min ago | 1.19 bp | 13.3 bp −$13 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 40 min ago | 11.46 bp | 45.4 bp −$45 | 116.2 bp −$1,162 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0448% | 4h | 210.33 | +0.082% | $24K | $221K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 210.14 | −0.011% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 210.08 | −0.038% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.00 | −0.076% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 210.10 | −0.029% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.98 | −0.086% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 210.34 | +0.087% | $219 | $213K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.47 | +0.148% | $1K | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.39 | +0.109% | $9K | $9K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0024% | 1h | 208.44 | −0.818% | $114K | $114K | 10x | as long as short |
edgeX CBRSUSDC
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Coinbase International CBRS-PERP-INTXShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0030% | 1h | 209.72 | −0.209% | — | $98K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 209.90 | −0.124% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 210.00 | −0.076% | $91K | $859K | 10x | as long as short |
| Phoenix CBRSshort | +0.0038% | 1h | 210.23 | +0.033% | $1K | $111K | 10x | |
| tradeXYZ xyz:CBRS | +0.0047% | 1h | 209.85 | −0.148% | $43.0M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.80 | −0.171% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 210.34 | +0.086% | $343K | $926K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 210.00 | −0.076% | $114K | $122K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 210.12 | −0.019% | $25K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.99 | −0.081% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.99 | −0.083% | $244 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0131% | 1h | 210.28 | +0.057% | $12K | $5K | 10x | as long as short |
| Variational Omni CBRS | +0.0429% | 8h | 210.25 | +0.041% | $425K | $321K | — | as long as short |
| BloFin CBRS-USDTlong | +0.0449% | 8h | 210.16 | long leg | $147K | $71K | 20x | |
| Binance CBRSUSDT | +0.0458% | 8h | 209.97 | −0.092% | $10.3M | $29.8M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0464% | 1h | 209.98 | −0.087% | $45K | $266K | 10x | as long as short |
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Deribit CBRS_USDC-PERPETUAL
Variational Omni CBRS
Binance CBRSUSDT
Extended CBRS_24_5-USD