Funding you earn now, next payment 08:00 UTC−0.0375%/8h= −41.0% APRnext payment −$3.75 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bybit+0.077%56s7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1651.647% of the position
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.077%, 7d avg +0.111%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and SunX is 0.035% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.111%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.095% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.75 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 | 208.88 | 0.0375 | pay 0.0375% / 8h | 3h 43m | $2.1M | $2.0M | 25x |
| Short | SunX CBRS-USDT | 209.04 | 0 | get 0.0000% / 8h | 3h 43m | $769 | $3.0M | 10x |
Bybit CBRSUSDT
SunX CBRS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$78.65
- Price spread: +0.077% → +0.111%
- −$3.48
- Slippage, 4 orders
- −$145.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$246.83
- Costs to cover
- 1.647%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; SunX: live order book, 4 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, 3 min ago | 3.11 bp | 16.6 bp −$17 | 104.6 bp −$1,046 | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 30.10 bp | 79.5 bp −$79 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0359% | 1h | 208.53 | −0.168% | $42.7M | $3.6M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 208.72 | −0.074% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.85 | −0.014% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.75 | −0.062% | $2.4M | $2.7M | 20x | as long as short |
| SunX CBRS-USDTshort | 0.0000% | 8h | 209.04 | +0.077% | $769 | $3.0M | 10x | |
| HTX CBRS-USDT | 0.0000% | 8h | 208.83 | −0.024% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0022% | 1h | 208.44 | −0.211% | — | $94K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 208.65 | −0.110% | $90K | $840K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0038% | 1h | 208.74 | −0.067% | $12K | $5K | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 208.63 | −0.120% | $1K | $108K | 10x | as long as short |
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Deribit CBRS_USDC-PERPETUAL
Phoenix CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.58 | −0.144% | $53K | $1.1M | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 208.76 | −0.057% | $1.1M | $3.1M | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0067% | 8h | 208.78 | −0.048% | $257 | $209K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0088% | 1h | 208.91 | +0.014% | $339K | $719K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.75 | −0.062% | $114K | $113K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.79 | −0.043% | $24K | $141K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 208.76 | −0.057% | $826 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 208.78 | −0.049% | $242 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0107% | 8h | 208.90 | +0.009% | $421K | $89K | — | as long as short |
| Binance CBRSUSDT | +0.0166% | 8h | 208.78 | −0.048% | $10.1M | $29.5M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0168% | 1h | 208.72 | −0.075% | $49K | $263K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0180% | 8h | 208.95 | +0.034% | $148K | $69K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0288% | 1h | 210.27 | +0.665% | $115K | $116K | 10x | as long as short |
| Bybit CBRSUSDTlong | +0.0375% | 8h | 208.88 | long leg | $2.1M | $2.0M | 25x | |
| Gate CBRS_USDT | +0.0396% | 8h | 209.00 | +0.057% | $2.9M | $2.9M | 50x | as long as short |
| edgeX CBRSUSDC | +0.0746% | 4h | 208.95 | +0.033% | $24K | $221K | 10x | as long as short |
Polymarket Perps CBRS-USD
QFEX CBRS-USD
GRVT CBRS_USDT_Perp
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Binance CBRSUSDT
Extended CBRS_24_5-USD
BloFin CBRS-USDT
Coinbase International CBRS-PERP-INTX
Gate CBRS_USDT
edgeX CBRSUSDC