Funding you earn now, next payment 04:00 UTC−0.0720%/8h= −78.8% APRnext payment −$0.90 per $10,000 · paid last 24h −0.081%
Price spread now: tradeXYZ against Coinbase International−1.141%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days−0.522%−$52 on $10k
+Price spread, last 4 days (all we have)+1.151%+$115 · spread now −1.141%, 7d avg −0.014%
=Together, before fees+0.630%+ Points / potential airdroptradeXYZ: Active · farm board+$63 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and tradeXYZ is 1.128% cheaper against Coinbase International than usual: you would sell low and buy high (−$113 if the spread goes back to its 7-day average of −0.014%). 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 | 0.0288 | pay 0.0036% / 1h | 36m 57s | $115K | $116K | 10x |
| Short | tradeXYZ xyz:CBRS | 207.87 | −0.0432 | pay 0.0054% / 1h | 36m 57s | $42.5M | $3.6M | 10x |
Coinbase International CBRS-PERP-INTX
tradeXYZ xyz:CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$151.2
- Price spread: −1.141% → −0.014%
- −$112.79
- Slippage, 4 orders
- −$18.69
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$310.68
- Costs to cover
- 0.467%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 16 min ago; tradeXYZ: live order book, 2 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, 16 min ago | 3.58 bp | 9.0 bp −$9 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 1.20 bp | 13.6 bp −$14 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRSshort | −0.0432% | 1h | 207.87 | −1.141% | $42.5M | $3.6M | 10x | |
| edgeX CBRSUSDC | −0.0056% | 4h | 208.27 | −0.950% | $23K | $220K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 207.91 | −1.123% | $65K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 208.21 | −0.980% | $2.2M | $3.4M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 208.10 | −1.032% | $2.4M | $2.7M | 20x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 208.40 | −0.889% | $959 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 208.66 | −0.766% | $9K | $10K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0021% | 1h | 207.88 | −1.137% | — | $97K | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 207.84 | −1.156% | $89K | $843K | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 208.03 | −1.065% | $1K | $108K | 10x | as long as short |
edgeX CBRSUSDC
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERP
Lighter CBRS
Phoenix 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 | 207.79 | −1.179% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 208.17 | −0.999% | $339K | $721K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0061% | 8h | 208.16 | −1.003% | $953 | $210K | 10x | as long as short |
| QFEX CBRS-USD | +0.0063% | 1h | 208.00 | −1.080% | $1.1M | $3.1M | 10x | as long as short |
| Variational Omni CBRS | +0.0098% | 8h | 208.52 | −0.833% | $421K | $88K | — | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 208.15 | −1.008% | $114K | $114K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 208.24 | −0.965% | $24K | $140K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 207.94 | −1.108% | $822 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 207.95 | −1.104% | $241 | — | 10x | as long as short |
| BloFin CBRS-USDT | +0.0146% | 8h | 208.15 | −1.008% | $147K | $69K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0152% | 1h | 208.00 | −1.079% | $49K | $263K | 10x | as long as short |
| Binance CBRSUSDT | +0.0155% | 8h | 208.06 | −1.051% | $10.1M | $29.6M | 25x | as long as short |
| Coinbase International CBRS-PERP-INTXlong | +0.0288% | 1h | 210.27 | long leg | $115K | $116K | 10x | |
| Bybit CBRSUSDT | +0.0349% | 8h | 208.18 | −0.994% | $2.1M | $2.0M | 25x | as long as short |
| Gate CBRS_USDT | +0.0380% | 8h | 208.20 | −0.984% | $2.8M | $2.9M | 50x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0712% | 1h | 208.04 | −1.061% | $12K | $5K | 10x | as long as short |
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
GRVT CBRS_USDT_Perp
QFEX CBRS-USD
Variational Omni CBRS
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
Bybit CBRSUSDT
Gate CBRS_USDT
Deribit CBRS_USDC-PERPETUAL