Funding you earn now, next payment 01:00 UTC−0.0384%/8h= −42.0% APRnext payment −$0.48 per $10,000 · paid last 24h +0.011%
Price spread now: Coinbase International against Extended−0.472%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$590.591% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 3 days (all we have)+0.396%+$40 · spread now −0.472%, 7d avg −0.073%
=Together, before fees+0.574%+ Points / potential airdropExtended: Active · farm board+$57 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Coinbase International is 0.398% cheaper against Extended than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.073%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.179%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.179% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.48 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 | Extended CBRS_24_5-USD | 209.43 | 0.0344 | pay 0.0043% / 1h | 16m 05s | $44K | $271K | 10x |
| Short | Coinbase International CBRS-PERP-INTX | 208.44 | −0.0040 | pay 0.0005% / 1h | 16m 05s | $114K | $114K | 10x |
Extended CBRS_24_5-USD
Coinbase International CBRS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- −$80.64
- Price spread: −0.472% → −0.073%
- −$39.82
- Slippage, 4 orders
- −$44.13
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$179.58
- Costs to cover
- 0.591%
- Break-even
- never at this rate
Slippage from Extended: live order book, 51 min ago; Coinbase International: live order book, 52 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 Extended live order book, 51 min ago | 2.38 bp | 15.8 bp −$16 | 124.5 bp −$1,245 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 52 min ago | 7.85 bp | 13.4 bp −$13 | 23.0 bp −$230 | doesn't fit | doesn't fit |
CBRS on 25 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 | −0.0833% | 4h | 209.22 | −0.097% | $24K | $220K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0123% | 1h | 209.23 | −0.094% | $42.9M | $3.5M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTXshort | −0.0040% | 1h | 208.44 | −0.472% | $114K | $114K | 10x | |
| Aster CBRSUSDT | 0.0000% | 8h | 209.45 | +0.011% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.41 | −0.008% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.44 | +0.006% | $2.4M | $2.8M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.21 | −0.102% | $795 | $206K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.88 | +0.216% | $1K | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.59 | +0.078% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 209.19 | −0.113% | — | $94K | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRS | +0.0032% | 1h | 209.29 | −0.066% | $90K | $850K | 10x | as long as short |
| QFEX CBRS-USD | +0.0038% | 1h | 209.42 | −0.004% | $1.1M | $3.3M | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 209.13 | −0.142% | $1K | $109K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.43 | +0.001% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.48 | +0.025% | $340K | $741K | 10x | as long as short |
| Gate CBRS_USDT | +0.0065% | 8h | 209.60 | +0.082% | $2.9M | $3.0M | 50x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.41 | −0.008% | $115K | $120K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.30 | −0.061% | $24K | $139K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.45 | +0.011% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.49 | +0.032% | $243 | — | 10x | as long as short |
| Bybit CBRSUSDT | +0.0116% | 8h | 209.59 | +0.078% | $2.1M | $1.9M | 25x | as long as short |
| Variational Omni CBRS | +0.0316% | 8h | 209.46 | +0.014% | $423K | $124K | — | as long as short |
| Extended CBRS_24_5-USDlong | +0.0344% | 1h | 209.43 | long leg | $44K | $271K | 10x | |
| Binance CBRSUSDT | +0.0345% | 8h | 209.47 | +0.021% | $10.3M | $29.5M | 25x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0514% | 1h | 209.47 | +0.020% | $12K | $5K | 10x | as long as short |
Lighter CBRS
QFEX CBRS-USD
Phoenix CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Gate CBRS_USDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Bybit CBRSUSDT
Variational Omni CBRS
Binance CBRSUSDT
Deribit CBRS_USDC-PERPETUAL