Funding arb · Price arb /

CBRS

RWAall CBRS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h −0.006%

Price spread now: QFEX against Bybit−0.146%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$560.559% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.051%−$5 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.146%, 7d avg −0.021%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.125% cheaper against Bybit than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of −0.021%). If the spread goes back, that is −$13 on $10k: about 3.4 days of funding at the current rate (+$4 a day). Mind the row above: over the last 4 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CBRSUSDT	205.15	−0.0107	get 0.0107% / 8h	7h 37m	$2.0M	$2.1M	25x
Short	QFEX CBRS-USD	204.85	0.0017	get 0.0002% / 1h	37m 24s	$1.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.146%Rate

Funding earned: $26.04
Price spread: −0.146% → −0.021%: −$12.5
Slippage, 4 orders: −$34.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$42.41
Costs to cover: 0.559%
Break-even: 18.4 days

Slippage from Bybit: live order book, 4 min ago; QFEX: live order book, 6 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, 4 min ago	3.17 bp	18.3 bp −$18	118.6 bp −$1,186	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.22 bp	10.2 bp −$10	18.9 bp −$189	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
Deribit CBRS_USDC-PERPETUAL	−0.1650%	1h	204.85	−0.146%	$12K	$5K	10x	as long as short
edgeX CBRSUSDC	−0.0852%	4h	205.15	0.000%	$23K	$221K	10x	as long as short
GRVT CBRS_USDT_Perp	−0.0443%	8h	205.21	+0.029%	$776	$214K	10x	as long as short
Bitget CBRSUSDT	−0.0314%	8h	205.10	−0.024%	$2.4M	$2.5M	20x	as long as short
Lighter CBRS	−0.0288%	1h	204.84	−0.151%	$92K	$1.0M	10x	as long as short
Ondo Perps CBRS-USD.P	−0.0211%	1h	205.03	−0.058%	$334K	$706K	10x	as long as short
Bybit CBRSUSDTlong	−0.0107%	8h	205.15	long leg	$2.0M	$2.1M	25x
Phoenix CBRS	−0.0039%	1h	205.25	+0.049%	$1K	$108K	10x	as long as short
BloFin CBRS-USDT	−0.0008%	8h	205.27	+0.058%	$147K	$72K	20x	as long as short
Aster CBRSUSDT	0.0000%	8h	205.27	+0.058%	$65K	$147K	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CBRS_24_5-USD	0.0000%	1h	204.99	−0.079%	$44K	$382K	10x	as long as short
Binance CBRSUSDT	0.0000%	8h	205.06	−0.043%	$10.1M	$31.1M	25x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	205.02	−0.063%	$2.2M	$3.4M	25x	as long as short
Gate CBRS_USDT	0.0000%	8h	205.20	+0.024%	$2.9M	$3.1M	50x	as long as short
Variational Omni CBRS	0.0000%	8h	205.19	+0.020%	$392K	$98K	—	as long as short
SunX CBRS-USDT	0.0000%	8h	205.33	+0.088%	$1K	$2.7M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	205.27	+0.058%	$9K	$10K	20x	as long as short
QFEX CBRS-USDshort	+0.0017%	1h	204.85	−0.146%	$1.1M	$3.1M	10x
Vest CBRS-USD-PERP	+0.0018%	1h	205.00	−0.073%	—	$102K	10x	as long as short
tradeXYZ xyz:CBRS	+0.0050%	1h	204.85	−0.146%	$42.0M	$4.0M	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	205.04	−0.054%	$50K	$472K	10x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	205.15	0.000%	$811	$2K	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	205.09	−0.029%	$113K	$143K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	205.41	+0.127%	$24K	$137K	50x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	205.11	−0.019%	$238	—	10x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0480%	1h	210.27	+2.496%	$115K	$108K	10x	as long as short