CBRS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0440%/8h= +48.2% APRnext payment +$0.55 per $10,000 · paid last 24h −0.034%

Price spread now: Extended against Coinbase International+0.435%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 3 days (all we have)−0.392%−$39 · spread now +0.435%, 7d avg +0.059%

Together, before fees−0.576%+ Points / potential airdropExtended: Active · farm board−$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Extended is 0.376% dearer against Coinbase International than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.059%. Mind the row above: over the last 7 days funding on this pair cost −0.183%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.55 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	208.44	0.0016	pay 0.0002% / 1h	40m 29s	$114K	$114K	10x
Short	Extended CBRS_24_5-USD	209.35	0.0456	get 0.0057% / 1h	40m 29s	$43K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.435%Rate

Funding earned: $92.4
Price spread: +0.435% → +0.059%: $37.55
Slippage, 4 orders: −$44.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $70.01
Costs to cover: 0.599%
Break-even: 1.7 days

Slippage from Coinbase International: live order book, 37 min ago; Extended: live order book, 37 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, 37 min ago	5.26 bp	11.2 bp −$11	16.4 bp −$164	doesn't fit	doesn't fit
Sell Extended live order book, 37 min ago	3.11 bp	19.8 bp −$20	185.4 bp −$1,854	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
Aster CBRSUSDT	0.0000%	8h	209.27	+0.400%	$66K	$147K	20x	as long as short
Bybit CBRSUSDT	0.0000%	8h	209.47	+0.494%	$2.0M	$1.9M	25x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	209.41	+0.465%	$2.2M	$3.6M	25x	as long as short
Bitget CBRSUSDT	0.0000%	8h	209.38	+0.451%	$2.4M	$2.8M	20x	as long as short
Phoenix CBRS	0.0000%	1h	209.36	+0.441%	$1K	$111K	10x	as long as short
SunX CBRS-USDT	0.0000%	8h	209.61	+0.561%	$994	$3.3M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	209.44	+0.480%	$9K	$6K	20x	as long as short
Gate CBRS_USDT	+0.0005%	8h	209.50	+0.509%	$2.9M	$3.0M	50x	as long as short
tradeXYZ xyz:CBRS	+0.0014%	1h	209.19	+0.360%	$42.9M	$3.6M	10x	as long as short
Coinbase International CBRS-PERP-INTXlong	+0.0016%	1h	208.44	long leg	$114K	$114K	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CBRS-USD-PERP	+0.0016%	1h	208.95	+0.245%	—	$94K	10x	as long as short
QFEX CBRS-USD	+0.0021%	1h	209.33	+0.427%	$1.1M	$3.4M	10x	as long as short
Deribit CBRS_USDC-PERPETUAL	+0.0037%	1h	209.38	+0.451%	$12K	$4K	10x	as long as short
Polymarket Perps CBRS-USD	+0.0050%	1h	209.20	+0.365%	$48K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	209.28	+0.403%	$347K	$914K	10x	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	209.18	+0.355%	$143K	$93K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	209.07	+0.302%	$24K	$136K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	209.36	+0.441%	$860	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	209.32	+0.422%	$243	—	10x	as long as short
edgeX CBRSUSDC	+0.0120%	4h	209.37	+0.444%	$24K	$222K	10x	as long as short
Lighter CBRS	+0.0168%	1h	209.47	+0.494%	$90K	$867K	10x	as long as short
Variational Omni CBRS	+0.0405%	8h	209.37	+0.446%	$423K	$321K	—	as long as short
Extended CBRS_24_5-USDshort	+0.0456%	1h	209.35	+0.435%	$43K	$246K	10x
BloFin CBRS-USDT	+0.0458%	8h	209.45	+0.485%	$146K	$70K	20x	as long as short
Binance CBRSUSDT	+0.0459%	8h	209.36	+0.441%	$10.3M	$30.0M	25x	as long as short
GRVT CBRS_USDT_Perp	+0.0565%	8h	209.40	+0.461%	$599	$224K	10x	as long as short