Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.093%

Price spread now: Deribit against Bybit−0.057%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.057% cheaper against Bybit than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CBRSUSDT	209.59	0.0116	pay 0.0116% / 8h	6h 16m	$2.1M	$1.9M	25x
Short	Deribit CBRS_USDC-PERPETUAL	209.47	0.0514	get 0.0064% / 1h	16m 07s	$12K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.057%Rate

Funding earned: $83.64
Price spread: −0.057% → 0.000%: −$5.73
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $59.92
Costs to cover: 0.180%
Break-even: 2.0 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	2.86 bp	17.6 bp −$18	120.3 bp −$1,203	doesn't fit	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 25 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	−0.0833%	4h	209.22	−0.175%	$24K	$220K	10x	as long as short
tradeXYZ xyz:CBRS	−0.0123%	1h	209.23	−0.172%	$42.9M	$3.5M	10x	as long as short
Coinbase International CBRS-PERP-INTX	−0.0040%	1h	208.44	−0.549%	$114K	$114K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	209.45	−0.067%	$66K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	209.41	−0.086%	$2.2M	$3.5M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	209.44	−0.072%	$2.4M	$2.8M	20x	as long as short
GRVT CBRS_USDT_Perp	0.0000%	8h	209.21	−0.179%	$795	$206K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	209.88	+0.138%	$1K	$3.0M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	209.59	0.000%	$9K	$9K	20x	as long as short
Vest CBRS-USD-PERP	+0.0019%	1h	209.19	−0.191%	—	$94K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CBRS	+0.0032%	1h	209.29	−0.143%	$90K	$850K	10x	as long as short
QFEX CBRS-USD	+0.0038%	1h	209.42	−0.081%	$1.1M	$3.3M	10x	as long as short
Phoenix CBRS	+0.0038%	1h	209.13	−0.219%	$1K	$109K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	209.43	−0.076%	$53K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	209.48	−0.052%	$340K	$741K	10x	as long as short
Gate CBRS_USDT	+0.0065%	8h	209.60	+0.005%	$2.9M	$3.0M	50x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	209.41	−0.086%	$115K	$120K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.30	−0.138%	$24K	$139K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	209.45	−0.067%	$860	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	209.49	−0.046%	$243	—	10x	as long as short
Bybit CBRSUSDTlong	+0.0116%	8h	209.59	long leg	$2.1M	$1.9M	25x
Variational Omni CBRS	+0.0316%	8h	209.46	−0.064%	$423K	$124K	—	as long as short
Extended CBRS_24_5-USD	+0.0344%	1h	209.43	−0.077%	$44K	$271K	10x	as long as short
Binance CBRSUSDT	+0.0345%	8h	209.47	−0.056%	$10.3M	$29.5M	25x	as long as short
Deribit CBRS_USDC-PERPETUALshort	+0.0514%	1h	209.47	−0.057%	$12K	$5K	10x