Funding you earn now, next payment 05:00 UTC−0.0464%/8h= −50.8% APRnext payment −$0.58 per $10,000 · paid last 24h −0.051%
Price spread now: Phoenix against Coinbase International−1.655%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$308as in the Price arb table
costs, in and out, $10k−$1411.412% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 4 days (all we have)+1.744%+$174 · spread now −1.655%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Phoenix is 1.667% cheaper against Coinbase International than usual: you would sell low and buy high (−$167 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CBRS-PERP-INTX | 210.27 | 0.0464 | pay 0.0058% / 1h | 4m 37s | $115K | $116K | 10x |
| Short | Phoenix CBRS | 206.79 | 0 | get 0.0000% / 1h | 4m 37s | $1K | $108K | 10x |
Coinbase International CBRS-PERP-INTX
Phoenix CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$97.44
- Price spread: −1.655% → +0.012%
- −$166.74
- Slippage, 4 orders
- −$124.16
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$405.33
- Costs to cover
- 1.412%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 43 min ago; Phoenix: live order book, 35 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, 43 min ago | 6.76 bp | 12.8 bp −$13 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 35 min ago | 14.10 bp | 58.7 bp −$59 | 187.9 bp −$1,879 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CBRSUSDT | −0.0562% | 8h | 206.66 | −1.717% | $2.4M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:CBRS | −0.0071% | 1h | 206.43 | −1.826% | $42.2M | $4.0M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.92 | −1.593% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.73 | −1.684% | $2.2M | $3.5M | 25x | as long as short |
| Phoenix CBRSshort | 0.0000% | 1h | 206.79 | −1.655% | $1K | $108K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 207.33 | −1.398% | $1K | $2.9M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.83 | −1.636% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0015% | 1h | 206.55 | −1.769% | — | $107K | 10x | as long as short |
| QFEX CBRS-USD | +0.0024% | 1h | 206.58 | −1.755% | $1.1M | $3.1M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 206.42 | −1.831% | $90K | $887K | 10x | as long as short |
Bitget CBRSUSDT
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.72 | −1.688% | $51K | $1.1M | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.56 | −1.764% | $115K | $111K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 206.51 | −1.788% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.66 | −1.717% | $817 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.67 | −1.711% | $240 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0110% | 8h | 207.01 | −1.549% | $418K | $95K | — | as long as short |
| BloFin CBRS-USDT | +0.0137% | 8h | 206.97 | −1.569% | $145K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0160% | 1h | 206.58 | −1.754% | $44K | $389K | 10x | as long as short |
| Binance CBRSUSDT | +0.0165% | 8h | 206.66 | −1.717% | $10.1M | $30.5M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0213% | 8h | 207.03 | −1.541% | $551 | $213K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0219% | 1h | 206.78 | −1.660% | $336K | $719K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0353% | 8h | 206.98 | −1.565% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0365% | 8h | 206.90 | −1.603% | $2.9M | $3.0M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0464% | 1h | 210.27 | long leg | $115K | $116K | 10x | |
| edgeX CBRSUSDC | +0.0585% | 4h | 206.93 | −1.590% | $23K | $220K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.1057% | 1h | 206.88 | −1.612% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp
Ondo Perps CBRS-USD.P
Bybit CBRSUSDT
Gate CBRS_USDT
edgeX CBRSUSDC
Deribit CBRS_USDC-PERPETUAL