Funding you earn now, next payment 00:00 UTC+0.0445%/8h= +48.7% APRnext payment +$4.45 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against Bybit−0.049%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$560.557% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 2 days (all we have)+0.029%+$3 · spread now −0.049%, 7d avg +0.006%
=Funding pays, the price is against you. Binance is 0.055% cheaper against Bybit than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.006%). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.077% in total) that is about 5.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.45 per $10,000. 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 | Bybit CBRSUSDT | 209.40 | 0 | get 0.0000% / 8h | 44m 25s | $2.0M | $1.9M | 25x |
| Short | Binance CBRSUSDT | 209.30 | 0.0445 | get 0.0445% / 8h | 44m 25s | $10.3M | $30.0M | 25x |
Bybit CBRSUSDT
Binance CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $93.38
- Price spread: −0.049% → +0.006%
- −$5.5
- Slippage, 4 orders
- −$34.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $32.2
- Costs to cover
- 0.557%
- Break-even
- 4.6 days
Slippage from Bybit: live order book, 2 min ago; Binance: 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 Bybit live order book, 2 min ago | 1.67 bp | 19.4 bp −$19 | 130.4 bp −$1,304 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.24 bp | 7.9 bp −$8 | 28.2 bp −$282 | 110.9 bp −$11.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CBRSUSDT | 0.0000% | 8h | 209.15 | −0.122% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDTlong | 0.0000% | 8h | 209.40 | long leg | $2.0M | $1.9M | 25x | |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.41 | +0.005% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 209.40 | 0.000% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.34 | −0.029% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.36 | −0.019% | $1K | $111K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.63 | +0.110% | $1K | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.47 | +0.033% | $9K | $6K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.458% | $114K | $114K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0016% | 1h | 208.98 | −0.201% | — | $94K | 10x | as long as short |
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Coinbase International CBRS-PERP-INTX
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CBRS-USD | +0.0021% | 1h | 209.30 | −0.048% | $1.1M | $3.4M | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.14 | −0.124% | $42.8M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.16 | −0.115% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.27 | −0.062% | $347K | $913K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0084% | 1h | 209.40 | 0.000% | $12K | $4K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.11 | −0.138% | $143K | $93K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.08 | −0.153% | $24K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.27 | −0.062% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.43 | +0.012% | $243 | — | 10x | as long as short |
| Lighter CBRS | +0.0216% | 1h | 209.44 | +0.019% | $93K | $861K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0318% | 4h | 209.37 | −0.015% | $24K | $221K | 10x | as long as short |
| Variational Omni CBRS | +0.0405% | 8h | 209.37 | −0.015% | $423K | $321K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0440% | 1h | 209.22 | −0.084% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDTshort | +0.0445% | 8h | 209.30 | −0.049% | $10.3M | $30.0M | 25x | |
| BloFin CBRS-USDT | +0.0464% | 8h | 209.39 | −0.005% | $146K | $70K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0548% | 8h | 209.42 | +0.009% | $477 | $227K | 10x | as long as short |
QFEX CBRS-USD
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Deribit CBRS_USDC-PERPETUAL
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Lighter CBRS
edgeX CBRSUSDC
Variational Omni CBRS
Extended CBRS_24_5-USD
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp