Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.021%
Price spread now: Bybit against Coinbase International+0.182%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 3 days (all we have)−0.130%−$13 · spread now +0.182%, 7d avg +0.068%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.114% dearer against Coinbase International than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CBRS-PERP-INTX | 208.44 | −0.0008 | get 0.0001% / 1h | 47m 49s | $114K | $114K | 10x |
| Short | Bybit CBRSUSDT | 208.82 | 0 | get 0.0000% / 8h | 1h 47m | $2.0M | $1.9M | 25x |
Coinbase International CBRS-PERP-INTX
Bybit CBRSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $1.68
- Price spread: +0.182% → +0.068%
- $11.42
- Slippage, 4 orders
- −$47.13
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$55.03
- Costs to cover
- 0.681%
- Break-even
- 236.3 days
Slippage from Coinbase International: live order book, 35 min ago; Bybit: 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 Coinbase International live order book, 35 min ago | 6.24 bp | 12.3 bp −$12 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.83 bp | 21.2 bp −$21 | 134.3 bp −$1,343 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0138% | 4h | 208.76 | +0.155% | $24K | $220K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0136% | 1h | 208.52 | +0.038% | $42.7M | $3.6M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | −0.0008% | 1h | 208.44 | long leg | $114K | $114K | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 208.63 | +0.092% | $65K | $147K | 20x | as long as short |
| Bybit CBRSUSDTshort | 0.0000% | 8h | 208.82 | +0.182% | $2.0M | $1.9M | 25x | |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.79 | +0.168% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 208.80 | +0.173% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.78 | +0.163% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 208.69 | +0.120% | $1K | $112K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.97 | +0.254% | $1K | $3.4M | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 208.76 | +0.154% | $12K | $52K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 208.93 | +0.235% | $9K | $6K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0023% | 1h | 208.70 | +0.125% | — | $90K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 208.86 | +0.201% | $1.1M | $3.3M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 208.71 | +0.130% | $92K | $883K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.67 | +0.110% | $31K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.70 | +0.125% | $344K | $906K | 10x | as long as short |
| Variational Omni CBRS | +0.0080% | 8h | 208.75 | +0.147% | $422K | $321K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.75 | +0.149% | $143K | $97K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.46 | +0.010% | $25K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 208.71 | +0.130% | $857 | $1K | 10x | as long as short |
| BloFin CBRS-USDT | +0.0102% | 8h | 208.92 | +0.230% | $146K | $70K | 20x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 208.80 | +0.171% | $242 | — | 10x | as long as short |
| Extended CBRS_24_5-USD | +0.0120% | 1h | 208.69 | +0.119% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0123% | 8h | 208.72 | +0.134% | $10.3M | $30.3M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0286% | 8h | 208.76 | +0.151% | $887 | $240K | 10x | as long as short |
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
BloFin CBRS-USDT
Aevo CBRS-PERP
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp