Funding you earn now, next payment 00:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h −0.028%
Price spread now: Gate against Coinbase International+0.844%50s7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$730.726% of the position
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 3 days (all we have)−0.746%−$75 · spread now +0.844%, 7d avg +0.091%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.753% dearer against Coinbase International than usual: you sell high and buy low: +$75 more if the spread goes back to its 7-day average of +0.091%. Mind the row above: over the last 7 days funding on this pair cost −0.209%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CBRS-PERP-INTX | 208.44 | 0.0024 | pay 0.0003% / 1h | 4m 26s | $114K | $114K | 10x |
| Short | Gate CBRS_USDT | 210.20 | 0.0065 | get 0.0065% / 8h | 7h 04m | $2.9M | $3.0M | 50x |
Coinbase International CBRS-PERP-INTX
Gate CBRS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $8.61
- Price spread: +0.844% → +0.091%
- $75.34
- Slippage, 4 orders
- −$47.64
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $11.31
- Costs to cover
- 0.726%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 3 min ago; Gate: 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, 3 min ago | 7.85 bp | 12.9 bp −$13 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 7.14 bp | 28.9 bp −$29 | 90.5 bp −$905 | 248.2 bp −$24.8K | 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 | 209.99 | +0.745% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.22 | +0.854% | $2.2M | $3.6M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 210.12 | +0.806% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 210.01 | +0.752% | $1K | $211K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.17 | +0.830% | $1K | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.13 | +0.811% | $9K | $9K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0024% | 1h | 208.44 | long leg | $114K | $114K | 10x | |
| Vest CBRS-USD-PERP | +0.0030% | 1h | 209.65 | +0.581% | — | $98K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 210.05 | +0.772% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.98 | +0.739% | $91K | $869K | 10x | as long as short |
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRSShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CBRS | +0.0038% | 1h | 209.79 | +0.648% | $1K | $111K | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0050% | 1h | 209.91 | +0.705% | $43.0M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.98 | +0.739% | $54K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 210.09 | +0.792% | $342K | $925K | 10x | as long as short |
| Gate CBRS_USDTshort | +0.0065% | 8h | 210.20 | +0.844% | $2.9M | $3.0M | 50x | |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 210.02 | +0.758% | $114K | $122K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 210.16 | +0.825% | $25K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 210.02 | +0.758% | $862 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.94 | +0.720% | $244 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0200% | 8h | 210.11 | +0.801% | $2.0M | $1.9M | 25x | as long as short |
| Variational Omni CBRS | +0.0406% | 8h | 209.88 | +0.691% | $424K | $321K | — | as long as short |
| Extended CBRS_24_5-USD | +0.0440% | 1h | 210.05 | +0.773% | $46K | $270K | 10x | as long as short |
| Binance CBRSUSDT | +0.0442% | 8h | 210.08 | +0.784% | $10.3M | $29.7M | 25x | as long as short |
| BloFin CBRS-USDT | +0.0467% | 8h | 209.96 | +0.729% | $147K | $71K | 20x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0608% | 1h | 209.89 | +0.696% | $12K | $5K | 10x | as long as short |
| edgeX CBRSUSDC | +0.0807% | 4h | 209.97 | +0.735% | $24K | $221K | 10x | as long as short |
Phoenix CBRS
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Bybit CBRSUSDT
Variational Omni CBRS
Extended CBRS_24_5-USD
Binance CBRSUSDT
BloFin CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
edgeX CBRSUSDC