Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.051%
Price spread now: Lighter against Coinbase International+0.748%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs+$41as in the Price arb table
costs, in and out, $10k−$340.336% of the position
Funding, last 7 days−0.250%−$25 on $10k
+Price spread, last 3 days (all we have)−0.721%−$72 · spread now +0.748%, 7d avg +0.005%
=Together, before fees−0.971%+ Points / potential airdropLighter: Season 3 · farm board−$97 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.743% dearer against Coinbase International than usual: you sell high and buy low, +$74 on $10k if it goes back to its 7-day average of +0.005%.
| 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 | 24m 49s | $114K | $114K | 10x |
| Short | Lighter CBRS | 210.00 | 0.0032 | get 0.0004% / 1h | 24m 49s | $91K | $859K | 10x |
Coinbase International CBRS-PERP-INTX
Lighter CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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: +0.748% → +0.005%
- $74.34
- Slippage, 4 orders
- −$23.56
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $42.46
- Costs to cover
- 0.336%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 48 min ago; Lighter: live order book, 45 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, 48 min ago | 3.58 bp | 9.4 bp −$9 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 45 min ago | 0.72 bp | 6.0 bp −$6 | 7.1 bp −$71 | 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 | −0.0448% | 4h | 210.33 | +0.908% | $24K | $221K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 210.28 | +0.882% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 210.13 | +0.811% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 210.10 | +0.796% | $2.2M | $3.6M | 25x | as long as short |
| Gate CBRS_USDT | 0.0000% | 8h | 210.30 | +0.892% | $2.9M | $3.0M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 210.02 | +0.758% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 210.34 | +0.913% | $219 | $213K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 210.47 | +0.974% | $1K | $3.2M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 210.39 | +0.936% | $9K | $9K | 20x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0024% | 1h | 208.44 | long leg | $114K | $114K | 10x |
edgeX CBRSUSDC
Aster CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAP
Gate CBRS_USDT
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CBRS-USD-PERP | +0.0030% | 1h | 210.03 | +0.763% | — | $97K | 10x | as long as short |
| QFEX CBRS-USD | +0.0031% | 1h | 210.19 | +0.840% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRSshort | +0.0032% | 1h | 210.00 | +0.748% | $91K | $859K | 10x | |
| Phoenix CBRS | +0.0038% | 1h | 210.23 | +0.859% | $1K | $111K | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0049% | 1h | 209.87 | +0.686% | $43.0M | $3.6M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 210.14 | +0.816% | $54K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 210.34 | +0.912% | $343K | $926K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 210.17 | +0.830% | $114K | $122K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 210.12 | +0.806% | $25K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 210.23 | +0.859% | $863 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 210.23 | +0.858% | $244 | — | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0131% | 1h | 210.28 | +0.883% | $12K | $5K | 10x | as long as short |
| Variational Omni CBRS | +0.0429% | 8h | 210.25 | +0.866% | $425K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0449% | 8h | 210.16 | +0.825% | $147K | $71K | 20x | as long as short |
| Binance CBRSUSDT | +0.0458% | 8h | 210.06 | +0.777% | $10.3M | $29.8M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0464% | 1h | 210.18 | +0.834% | $45K | $266K | 10x | as long as short |
Vest CBRS-USD-PERP
QFEX CBRS-USD
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
Deribit CBRS_USDC-PERPETUAL
Variational Omni CBRS
BloFin CBRS-USDT
Binance CBRSUSDT
Extended CBRS_24_5-USD