Funding you earn now, next payment 07:00 UTC−0.0436%/8h= −47.7% APRnext payment −$0.54 per $10,000 · paid last 24h −0.031%
Price spread now: ApeX Omni against Coinbase International−2.016%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$296as in the Price arb table
costs, in and out, $10k−$950.947% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+2.134%+$213 · spread now −2.016%, 7d avg −0.002%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and ApeX Omni is 2.014% cheaper against Coinbase International than usual: you would sell low and buy high (−$201 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 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 | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0536 | pay 0.0067% / 1h | 9m 10s | $115K | $112K | 10x |
| Short | ApeX Omni CBRSUSDT | 206.03 | 0.0100 | get 0.0013% / 1h | 9m 10s | $24K | $137K | 50x |
Coinbase International CBRS-PERP-INTX
ApeX Omni CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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
- −$91.56
- Price spread: −2.016% → −0.002%
- −$201.41
- Slippage, 4 orders
- −$74.69
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$387.66
- Costs to cover
- 0.947%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 29 min ago; ApeX Omni: live order book, 27 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 Coinbase International live order book, 29 min ago | 3.88 bp | 9.8 bp −$10 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 27 min ago | 24.99 bp | 39.2 bp −$39 | 203.2 bp −$2,032 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0395% | 8h | 206.24 | −1.917% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0265% | 1h | 205.96 | −2.050% | $42.2M | $3.9M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.08 | −1.991% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.28 | −1.898% | $2.2M | $3.4M | 25x | as long as short |
| Variational Omni CBRS | 0.0000% | 8h | 206.18 | −1.943% | $402K | $90K | — | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 206.13 | −1.969% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.48 | −1.802% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.40 | −1.840% | $9K | $10K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0024% | 1h | 206.10 | −1.983% | $44K | $384K | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0025% | 1h | 205.98 | −2.040% | — | $108K | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Variational Omni CBRS
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Extended CBRS_24_5-USD
Vest CBRS-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CBRSUSDT | +0.0025% | 8h | 206.22 | −1.926% | $10.1M | $30.6M | 25x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 205.87 | −2.093% | $92K | $928K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0042% | 8h | 206.20 | −1.936% | $147K | $72K | 20x | as long as short |
| QFEX CBRS-USD | +0.0050% | 1h | 206.12 | −1.974% | $1.2M | $3.1M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.97 | −2.045% | $51K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 206.19 | −1.940% | $334K | $717K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0084% | 8h | 206.22 | −1.924% | $524 | $218K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.08 | −1.993% | $114K | $112K | 20x | as long as short |
| ApeX Omni CBRSUSDTshort | +0.0100% | 1h | 206.03 | −2.016% | $24K | $137K | 50x | |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.00 | −2.031% | $815 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.01 | −2.028% | $239 | — | 10x | as long as short |
| edgeX CBRSUSDC | +0.0124% | 4h | 206.19 | −1.939% | $23K | $220K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0165% | 8h | 206.13 | −1.969% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0388% | 8h | 206.30 | −1.888% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0536% | 1h | 210.27 | long leg | $115K | $112K | 10x | |
| Deribit CBRS_USDC-PERPETUAL | +0.1402% | 1h | 206.20 | −1.936% | $12K | $5K | 10x | as long as short |
Binance CBRSUSDT
Lighter CBRS
BloFin CBRS-USDT
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
GRVT CBRS_USDT_Perp
KuCoin CBRSUSDTM
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
edgeX CBRSUSDC
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL