Funding arb · Price arb /

CBRS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0600%/8h= −65.7% APRpaid last 24h −0.057%

Price spread now: Aster against Coinbase International−2.160%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.328%−$33 on $10k

Price spread, last 4 days (all we have)+2.292%+$229 · spread now −2.160%, 7d avg +0.040%

Together, before fees+1.964%+ Points / potential airdropAster: Stage 5 · farm board+$196 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Aster is 2.201% cheaper against Coinbase International than usual: you would sell low and buy high (−$220 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.328% in total (about -17.1% a year). A funding rate is set anew for every payment. 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	0.0600	pay 0.0075% / 1h	29m 49s	$115K	$116K	10x
Short	Aster CBRSUSDT	205.73	0	get 0.0000% / 8h	1h 29m	$65K	$147K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −2.160%Rate

Funding earned: −$126
Price spread: −2.160% → +0.040%: −$220.08
Slippage, 4 orders: −$54.21
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$418.28
Costs to cover: 0.722%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 13 min ago; Aster: live order book, 11 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, 13 min ago	5.35 bp	12.1 bp −$12	22.9 bp −$229	doesn't fit	doesn't fit
Sell Aster live order book, 11 min ago	5.11 bp	23.3 bp −$23	626.4 bp −$6,264	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	−0.0648%	8h	205.88	−2.088%	$2.4M	$2.5M	20x	as long as short
tradeXYZ xyz:CBRS	−0.0205%	1h	205.48	−2.278%	$42.0M	$4.0M	10x	as long as short
Aster CBRSUSDTshort	0.0000%	8h	205.73	−2.160%	$65K	$147K	20x
OKX CBRS-USDT-SWAP	0.0000%	8h	205.88	−2.088%	$2.2M	$3.4M	25x	as long as short
SunX CBRS-USDT	0.0000%	8h	206.03	−2.016%	$1K	$2.8M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	205.85	−2.102%	$9K	$10K	20x	as long as short
Vest CBRS-USD-PERP	+0.0020%	1h	205.40	−2.316%	—	$106K	10x	as long as short
Lighter CBRS	+0.0032%	1h	205.56	−2.240%	$90K	$893K	10x	as long as short
Phoenix CBRS	+0.0039%	1h	205.60	−2.221%	$1K	$108K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	205.54	−2.249%	$50K	$1.1M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CBRS-USD.P	+0.0050%	1h	205.72	−2.164%	$335K	$717K	10x	as long as short
Variational Omni CBRS	+0.0067%	8h	205.72	−2.164%	$400K	$102K	—	as long as short
QFEX CBRS-USD	+0.0080%	1h	205.72	−2.164%	$1.1M	$3.0M	10x	as long as short
BloFin CBRS-USDT	+0.0098%	8h	205.79	−2.131%	$147K	$71K	20x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	205.59	−2.226%	$113K	$109K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	205.59	−2.226%	$24K	$139K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	205.63	−2.207%	$813	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	205.67	−2.188%	$239	—	10x	as long as short
Extended CBRS_24_5-USD	+0.0128%	1h	205.78	−2.137%	$46K	$391K	10x	as long as short
Binance CBRSUSDT	+0.0129%	8h	205.84	−2.107%	$10.1M	$30.5M	25x	as long as short
GRVT CBRS_USDT_Perp	+0.0187%	8h	205.82	−2.116%	$373	$216K	10x	as long as short
Bybit CBRSUSDT	+0.0336%	8h	205.88	−2.088%	$2.1M	$2.0M	25x	as long as short
Gate CBRS_USDT	+0.0375%	8h	205.90	−2.078%	$2.9M	$3.0M	50x	as long as short
edgeX CBRSUSDC	+0.0446%	4h	205.82	−2.116%	$23K	$221K	10x	as long as short
Coinbase International CBRS-PERP-INTXlong	+0.0600%	1h	210.27	long leg	$115K	$116K	10x
Deribit CBRS_USDC-PERPETUAL	+0.1649%	1h	205.76	−2.145%	$12K	$5K	10x	as long as short