Funding you earn now, next payment 07:00 UTC−0.0949%/8h= −103.9% APRpaid last 24h −0.061%
Price spread now: Bitget against Coinbase International−1.898%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$590.594% of the position
Funding, last 7 days−0.265%−$26 on $10k
+Price spread, last 4 days (all we have)+2.006%+$201 · spread now −1.898%, 7d avg +0.029%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Bitget is 1.927% cheaper against Coinbase International than usual: you would sell low and buy high (−$193 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.265% in total (about -13.8% 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 | 0.0536 | pay 0.0067% / 1h | 14m 02s | $115K | $112K | 10x |
| Short | Bitget CBRSUSDT | 206.28 | −0.0413 | pay 0.0413% / 8h | 14m 02s | $2.4M | $2.5M | 20x |
Coinbase International CBRS-PERP-INTX
Bitget CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$199.29
- Price spread: −1.898% → +0.029%
- −$192.7
- Slippage, 4 orders
- −$37.42
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$451.4
- Costs to cover
- 0.594%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 24 min ago; Bitget: live order book, 3 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, 24 min ago | 3.88 bp | 9.8 bp −$10 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.18 bp | 21.9 bp −$22 | 40.4 bp −$404 | 86.2 bp −$8,619 | 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 CBRSUSDTshort | −0.0413% | 8h | 206.28 | −1.898% | $2.4M | $2.5M | 20x | |
| tradeXYZ xyz:CBRS | −0.0267% | 1h | 205.98 | −2.040% | $42.2M | $3.9M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.22 | −1.927% | $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 | 206.11 | −1.977% | $401K | $90K | — | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 205.85 | −2.102% | $1K | $108K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 206.33 | −1.874% | $1K | $2.8M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.27 | −1.902% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0025% | 1h | 206.02 | −2.021% | — | $108K | 10x | as long as short |
| Binance CBRSUSDT | +0.0030% | 8h | 206.23 | −1.921% | $10.1M | $30.6M | 25x | as long as short |
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Variational Omni CBRS
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Binance CBRSUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 206.00 | −2.031% | $93K | $926K | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0032% | 1h | 206.18 | −1.945% | $44K | $384K | 10x | as long as short |
| QFEX CBRS-USD | +0.0050% | 1h | 206.13 | −1.969% | $1.1M | $3.0M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 205.96 | −2.050% | $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 |
| BloFin CBRS-USDT | +0.0052% | 8h | 206.24 | −1.917% | $147K | $71K | 20x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0094% | 8h | 206.03 | −2.015% | $940 | $217K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.15 | −1.959% | $114K | $110K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.89 | −2.083% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.21 | −1.931% | $816 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.17 | −1.948% | $239 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0177% | 8h | 206.21 | −1.931% | $2.1M | $2.0M | 25x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0332% | 1h | 206.16 | −1.955% | $12K | $5K | 10x | as long as short |
| Gate CBRS_USDT | +0.0389% | 8h | 206.40 | −1.840% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0536% | 1h | 210.27 | long leg | $115K | $112K | 10x | |
| edgeX CBRSUSDC | +0.0632% | 4h | 206.09 | −1.987% | $23K | $221K | 10x | as long as short |
Lighter CBRS
Extended CBRS_24_5-USD
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
BloFin CBRS-USDT
GRVT CBRS_USDT_Perp
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Bybit CBRSUSDT
Deribit CBRS_USDC-PERPETUAL
Gate CBRS_USDT
edgeX CBRSUSDC